Hello and welcome to the Ninja trader Indicator Warehouse, where today we're going to cover the second of the unique point and figure indicators that we carry in our inventory. The first one, if you didn't see the video, was a price-based indicator and in that video we go into what the point and figure methodology is in explicit detail. If you want to understand point and figure in the more in depth level, I recommend you watch that video first.
That brings us to this unique indicator. This indicator is based on point and figure and it takes the best of both worlds. The best way for you to really understand it's value is for me to open up and share some of the property right off the bat. So what's unique about this indicator is that it uses different sub indicators to drive point and figure methodology. You can see your have the RSI, MACD, Stochastic D, Stochastic K, ROC, CCI, ergonomic oscillator, Fisher transform, a few more. So what I've done is I set it to the MACD and the settings I prefer.
The box size we talked about in the other video is critical for getting value out of it in the future you need to experiment with different box sizes we talked about in the other video is critical for getting value out of this indicator. You need to experiment with different using different settings at the sub level to drive the charts, in this case the chosen 1, which works very nicely with the settings that I use to with the MACD to drive this indicator.
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