Point and Figure Chart Indicator ThinkorSwim TOS Script
Point and Figure Chart Indicator ThinkorSwim TOS Script
Point and Figure Chart Indicator ThinkorSwim TOS Script
Product Delivery: You will receive a download link via your order email
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Original price was: $199.00.$67.00Current price is: $67.00.
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Description
ThinkorSwim has a point and figure chart indicator.
Salepage: Point and Figure Chart Indicator ThinkorSwim TOS Script
Point and Figure Chart
For the first time on ThinkorSwim, point and figure charts are available. It is accurate and easy to modify. It is available from Fun with Thinkscript.
I would like to say thank you to Fun with Think Script. So far, it has been great, I was looking for a point and figure chart. Robert gave me a detailed response after I had a few questions. Thanks.
Point and Figure Charts
Get the finest, and only, PnF charts available for ThinkorSwim
If I were stranded on a desert island with only one chart to guide me through the markets, it would have to be a Point and Figure chart. No other chart can show what is really going on.
The man is Jeremy du Plessis.
I was asked to look into developing point and figure charts for ThinkorSwim. I found requests going back almost 10 years for these charts to be made available on the platform.
I am happy to say that the wait is over. The point and figure charts are now available.
Box size based on Average True Range (ATR)
It’s ideal to set the box size based on the average amount price moves over the period. The time frame of the data can change. The box size will be smaller, which is exactly what you want and expect it to be, because the ATR for 1 minute or 5 minute data will be significantly less than that for daily data. The range from one minute to the next is much smaller than the range from one day to the next.
Percentage box scaling
Box sizes are a fixed percentage of the stock price. If a chart uses 5% scaling and the stock price is $100, the box size for that part of the chart will be $5.00.
User-Defined box scaling
Users can set the box size. A bigger box will result in more price movements and reversals. A smaller box will result in more reversals.
The book Point & Figure Charting has a table of recommended box sizes.
| Price Range | Box Size |
|---|---|
| Under 0.25 | 0.0625 |
| 0.25 to 1.00 | 0.125 |
| 1.00 to 5.00 | 0.25 |
| 5.00 to 20.00 | 0.50 |
| 20.00 to 100 | 1.00 |
| 100 to 200 | 2.00 |
| 200 to 500 | 4.00 |
| 500 to 1,000 | 5.00 |
| 1,000 to 25,000 | 50.00 |
| 25,000 and up | 500.00 |
The charts can be used across different time frames.
This indicator does not work with tick charts.
Delivery Method
Product Description
– After your purchase, you’ll see a View your orders link which goes to the Downloads page. Here, you can download all the files associated with your order.
– Downloads are available once your payment is confirmed, we’ll also send you a download notification email separate from any transaction notification emails you receive from nextskillup.com .
– Since it is a digital copy, our suggestion is to download and save it to your hard drive. In case the link is broken for any reason, please contact us and we will resend the new download link.
– If you cannot find the download link, please don’t worry about that. We will update and notify you as soon as possible at 8:00 AM – 8:00 PM (UTC 8).
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