Point and figure charts time based and footprint charts based on P&F

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Thu, 05/04/2023 - 04:22
#1
Rufus Kron
Last seen: 1 year 6 days ago
Joined: 05/04/2023 - 03:52
Point and figure charts time based and footprint charts based on P&F

Hi,

I'm looking at the P&F charts and it seems it's not possible to create a 1 minute P&F chart with a 1 tick box size and 6 ticks reversal.
are P&F charts only available in tick based and not time based?

Also, how to create a footprint chart based on a P&F chart?

Regards,
Rufus

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Thu, 05/11/2023 - 10:53
Eddy_F
Last seen: 2 days 5 hours ago
Joined: 07/30/2014 - 16:18
Hi Rufus,

Hi Rufus,
no one is able to mix time based chart and point and figure chart which are solely built on price action and based on a box size and reversal size definition. So a 1 min PnF chart just doesn t exist.
Regarding a footprint chart based on a PnF chart, this is fully possible
Just open a chart, change the periodicity to a Point and Figure settings and add a Volumescope indicator
You may start from that chart for example
https://www.linnsoft.com/charts/volumescope-es
Just import the chart definition above and change the periodicity to Point and Figure
Eddy

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