Point & Figure charts do not need introduction, they have been one of the leading chart techniques for over than a hundred years.
Now the Point & Figure comes as offline chart to MT4. You may apply any standard MT4 indicator to such chart.
With use of OmniaRemote placed on the chart you simply apply graphics overlay over the offline candle chart and get the traditional chart look.
The offline Point & Figure chart supports the traditional view as an overlay above the identical OHLC candles chart
The next video shows the effect of wicks on the PnF chart. While it has no effect on the X/O canvas, the candles have same bodies but different H/L. The current candle displays wick only to a point where the current price crossed the X/O level, the rest of the wick gets wiped.
This P&F chart is build as an offline chart, using the standard Omnia Charts engine.
This brings you following advantages:
- You may run an EA on P&F chart.
- You may attach any standard or custom indicators to a P&F chart.
- Correct tick volume in each P&F candle
- Correct starting candle time
- Your chart won’t repaint when relaunched
- Your chart can be easily re-adjusted
… and many more, following a list of features of Omnia Charts offline engine, like session detection, tick reuse ability, disconnection, account change detector or the Strategy tester compatibility.