Point and Figure Software for Forex and Commudities / Please Helps

[sharehunter 10]

Dear Friends!

 

Point and Figure is an important part of my method. For stock trading I use an excellent software which named “Bull’s Eye Broker”. Unfortunaly, this software don’t support realtime data feed and only support EOD data in which I also begin to trading forex now.

 

If you know, please kindly introduce to me software which support Point&Figure, realtime data feed. It is more excellent if it also support Wyckoff Point& Figure chart

 

Many many thanks for your helps

 

the bellow is short desciption about Wyckoff Point&Figure

 

The Wyckoff method is a special type of point & figure chart. It uses a single box reversal instead of the more common three-point reversal. It also varies from the standard point & figure chart because it can contain both X’s and O’s in the same column. This will occur whenever there is only a single entry made in a column. For example if we had a single X in a column followed by 3 O’s, the O’s will be displayed in the same column as the X. In a Wyckoff chart there must always be more than one entry in a column.

Let's take an example. The box size for these values is $1.00. Note that a Wyckoff chart can also use high and low data, but for clarity we have selected closing price data only.

Date Day Close

10/02/98 Tue 55.00

11/02/98 Wed 57.00

12/02/98 Thu 56.00

13/02/98 Fri 57.00

16/02/98 Mon 58.00

17/02/98 Tue 59.00

18/02/98 Wed 56.00

19/02/98 Thu 57.00

20/02/98 Fri 56.00

23/02/98 Mon 57.00

24/02/98 Tue 56.00

On 11/02/98 the chart rose from $55 to $57. This resulted in 3 X’s being plotted in the first column. The very next day there was a pull back of one box to $56. Because we are using a one-point reversal, we move to the next column and plot the single O. The next day the price rises again to $57. This again is a reversal, however we do not move to the next column because we have only made one entry in the current column. The upward movement continues until the chart reaches $59 on 17/02/98. Continuing to plot the data in this fashion will produce the chart below:

$60.00

$59.00 X

$58.00 X O

$57.00 X X O X X

$56.00 X O O O O

$55.00 X

Other than the two requirements described above, the Wyckoff point & figure chart uses the same principals as a standard three-point reversal chart

[sharehunter 10]

finally, I found out that Updata software can be a good candidate. it is realtime data feed, can supply P&F chart, it also can make P&F chart following Wyckoff way