Volume On X's Or O's !

[omrangassan]

Point and Figure Charting : Volume On X's Or O's !

I'm looking for a software that has Point and Figure Charting with the function abilities to code such indicator that do this on the P&F Chart ..

I really want to have a help about coding an indicator that doing like this :

P&F Charting draws columns of X's and O's , and during forming such X's or O's there will be volume which represent the tick volume happens through such forming ..


Again : I'm talking about the Ticks that happens through the building of each X or O as an individual entity , not talking about the Whole column of X's or O's.
So : I'm asking about an indicator that counts the Ticks that happens through the forming of each individual X or O , Not the Whole Column of X's or O's.

My cheers ..

 

[zambuck]

I am not being funny or being patronising but I would suggest that you read a book (if you havent got that already) The Definitive Guide to Point and Figure by Jeremy Du Plessis....ISBN 1-897-59763-0.....and then go on 3 years holiday....

On your return you may have better / alternative answer to achieve what you are trying to achieve....

 

[omrangassan]

I am not being funny or being patronising but I would suggest that you read a book (if you havent got that already) The Definitive Guide to Point and Figure by Jeremy Du Plessis....ISBN 1-897-59763-0.....and then go on 3 years holiday....

On your return you may have better / alternative answer to achieve what you are trying to achieve....

excuse me ... You seems have a lot of curiousity !!
My question was clear , right ?
If you can't help : why you reply ? is it to mislead the concept of the thread ?!!?

Again : I'm soo clear about my question as i think ...

wish to get constructive and positive replies.

 

[zambuck]

OK......point taken........hope someone will help you out........

all the best.......

 

[Jack o'Clubs]

interesting idea, but...

Hmm. How would that work in practice? I can almost see what you mean about adding an 'x' or 'o' to an existing column (although can't see how you'd represent that graphically as the axis lacks a time element), but how would it deal with reversals?

Say you've got the reversal set to the standard number 3, and you get a price move of 3x box size, your entry would be three 'x' or 'o' in the opposite direction. None of them 'exist' as a seperate entity, since you needed the three together to generate the reversal, so how would you allocate volume to them individually?

Personally I think you'd be better off using p&f to spot opportunities, and then using a standard chart to see if volume confirms the breakout or reversal if that's what you want to do (or vice versa) - certainly not aware of any software that would do what you're after.

 

[Hoggums]

Hmm. How would that work in practice? I can almost see what you mean about adding an 'x' or 'o' to an existing column (although can't see how you'd represent that graphically as the axis lacks a time element), but how would it deal with reversals?

Say you've got the reversal set to the standard number 3, and you get a price move of 3x box size, your entry would be three 'x' or 'o' in the opposite direction. None of them 'exist' as a seperate entity, since you needed the three together to generate the reversal, so how would you allocate volume to them individually?

Personally I think you'd be better off using p&f to spot opportunities, and then using a standard chart to see if volume confirms the breakout or reversal if that's what you want to do (or vice versa) - certainly not aware of any software that would do what you're after.

Jack o clubs has a point - how would you measure the volume of a X if from the previous X the market actually dropped 2 X's (but not three otherwise a reversal would be generated) and then rose the equivalent of 3Xs. Even though your P&F chart shows only a gain of 1 X there's a lot happened in the middle there. - to which X's do you assign the volume?

I hope you understand that - ;-)