P&F charts suck, don't use them...

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PebbleTrader
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Postby PebbleTrader » Fri Sep 23, 2011 11:12 am

Thanks for the idea MO,

I can't think at the moment though, I think my brain is fried.

Need to take a break...
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Jalarupa
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Postby Jalarupa » Fri Sep 23, 2011 11:17 am

PebbleTrader wrote:Here is the good news, it is POSSIBLE!

I successfully wrote a program that will take MT4 M1 history file and will plot the PnF on an Excel sheet. All you have to do is run a macro in Excel and it plots it all out, sizes the columns and rows, and draws only the needed price scale based on the highest high and lowest low in the history file. It matches the manual PnF I had been filling in since the start of the week.

I've been working on the program for about 8 hours straight and just now got it to match the manual ones we are doing. It was more difficult to code than I had expected :)

I am much more interested in MT4 indi plotting it for us. So I am cheering Bredin on! :) Go Bredin! Go Bredin! :)

For now, this macro beats doing it manually :) LOL

Just run the macro and poof! weeks worth of 1M data plots out before your eyes in less than a second!


HAHAHAHA!

Also I know there is a plugin for MT4 floating around that pulls live tick data to Excel... Can't remember what it'd called though...

http://www.metatrader4.com/forum/235

But kudo's on this achievement the manual process foes keep one away from the charts for too long...

Stoked!

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Postby gfg1 » Fri Sep 23, 2011 11:42 am

Try this: http://www.metatrader4.com/forum/14254 or

http://forum.mt5.com/showthread.php?319 ... andle-wise

Or if I recall there was discussion of how to this in the signalbender thread somewhere.

Jalarupa wrote:
PebbleTrader wrote:Here is the good news, it is POSSIBLE!

I successfully wrote a program that will take MT4 M1 history file and will plot the PnF on an Excel sheet. All you have to do is run a macro in Excel and it plots it all out, sizes the columns and rows, and draws only the needed price scale based on the highest high and lowest low in the history file. It matches the manual PnF I had been filling in since the start of the week.

I've been working on the program for about 8 hours straight and just now got it to match the manual ones we are doing. It was more difficult to code than I had expected :)

I am much more interested in MT4 indi plotting it for us. So I am cheering Bredin on! :) Go Bredin! Go Bredin! :)

For now, this macro beats doing it manually :) LOL

Just run the macro and poof! weeks worth of 1M data plots out before your eyes in less than a second!


HAHAHAHA!

Also I know there is a plugin for MT4 floating around that pulls live tick data to Excel... Can't remember what it'd called though...

But kudo's on this achievement the manual process foes keep one away from the charts for too long...

Stoked!

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Postby PebbleTrader » Fri Sep 23, 2011 12:11 pm

Thanks gfg1,

That is exactly what I am doing.

Doing an export of the M1 data.

If you know how to get that same data to update in Excel in real time than I would be VERY INTERESTED.
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Postby PebbleTrader » Fri Sep 23, 2011 12:18 pm

I still have a few kinks to work out.

I have confidence in our friend Bredin coming through with MT4 indi.

But depending on what you are doing Excel is still a good option.

I'll be sharing it with my Kreslik friends but...

It will be DONATIONAL BUT WITH A TWIST for anyone that wants it. :shock:

I would like for you to DONATE a CREATIVE IDEA to this thread about PnF.

It must not be something I would read in "The Definitive Guide To Point & Figure" :lol:

I value your IDEAS :idea: more so than your $XX.XX's :)

When you do so, you might just find it showing up in your inbox.

"But...But...I'm not that creative!"

It's time to start thinking outside the PnF "box" :)
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Postby Jalarupa » Fri Sep 23, 2011 12:24 pm

Let the creation process begin! I definitely want that toy!

Way to empower the traders my amigo!

I love it! I love it! I love it!
"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

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Postby Belkin » Fri Sep 23, 2011 12:46 pm

Bredin.

What about using the 1m candles data after it closes.. instead of the highs and lows.

In the definite guide to P&F it is stated as a valid construction method.

I think there you can eliminate the problems with fast spikes.

my 0.02 $

good luck

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Postby Belkin » Fri Sep 23, 2011 12:53 pm

"A third type of data, called intra-day
or interval data, is available, composed by summarising the data for a chosen interval
-
1
minute, 5 minute, hourly, or any time-frame - into high, low and close for that interval. So,
1 minute interval data in an 8 hour day, would result in 480, high, low, close (HLC) packets,
which represent the HLC for each minute. A 1 minute Point and Figure chart is then
constructed using either the close at the end of each minute or the high/low each minute,
giving a far more detailed chart than one constructed with end-of-day close or end-of-day
high/low. This opens up a huge range of Point and Figure charts to use, because you could
draw a 5 minute chart, a 1 0 minute, an hourly, or any intra-day time-frame you wish to
nominate."

"There are many Point and Figure purists who insist on using tick data only. Their
commitment is to be applauded. If the data is available for the period you require, then tick
data is the best. However, interval data is far easier to manage and the difference between 1
minute data and tick data is insignificant, especially if you use the high/low construction
method."

From the Definite Guide to P&F

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Postby PebbleTrader » Fri Sep 23, 2011 1:06 pm

Thanks for input Belkin.

I personally want the High / Low, and not closes. But it's just personal preference and one way is not RIGHT OR WRONG.

The spikes were a little tricky to code. Bredin, I'd be glad to let you look through my code if you can't figure it out. You would have to translate it to MT4 though...
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Postby PebbleTrader » Fri Sep 23, 2011 1:12 pm

MO,

can you post a higher resolution image of another pair besides EU you have been manually updating?

The one you posted earlier was so low resolution I can't read the numbers.

I want to test my code against another pair. I think your feed is MB isn't it? It should be identical to mine I bet.
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