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Re: XO - Indicators

mntiwana, Tue Aug 28, 2018 8:07 pm

PointAndFigureChart
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Re explaining once again - :)
Some introductory description - what "XO" indicator is about
XO indicators are actually originating from point-and-figure indicators
The name came from the signs that are used for representing those charts in some cases, and might have caused some confusion. But other than that, they are point and figure indicators

Short description of it could be :

"Point and figure (P&F) is a charting technique used in technical analysis. Point and figure charting does not plot price against time as time-based charts do. Instead it plots price against changes in direction by plotting a column of Xs as the price rises and a column of Os as the price falls."

Longer description can be found here : Point and figure chart ... "https://en.wikipedia.org/wiki/Point_and_figure_chart"

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PointAndFigureChart_v1.0 600+
This is Igorald version indicator - almost using his own invented 14 prices and 31 Averaging methods - and a lot more options included
a lot of shapes and styles can be formed depends on users expertise and interest
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