Point and Figure doesn't shows the true highs and lows

[Harry]

hi
I compared NT with CTS T4 and Multicharts Se
please explain why the columns in your platform has a unique structure, and where the information is more accurate?

If you do comparisons on a 1 second chart, the issue might be related to the datafeed.
Better use higher timeframes such as minute charts.

[Jonson]

If you do comparisons on a 1 second chart, the issue might be related to the datafeed.
Better use higher timeframes such as minute charts.

hi Harry
I made the comparison, but your guesses were wrong

[Jonson]

why no one answers from support service?

[NinjaTrader_Matthew]

Hi Jonson,

Thanks for checking in, I was just getting ready to update this with information I was working on with Brett who was leading this thread at that time.

We know that should you use anything higher than a 1-tick resolution, you may lose accuracy in terms of the the PnF charts.

As you're using 1-second and 1-minute base time frames, there may be ticks lost in the bar generation. Can you please provide us with another sample you're checking in the other programs by using 1-tick as the base time frame?

[Harry]

hi Harry
I made the comparison, but your guesses were wrong

I could not reproduce your chart, which are your settings for the P&F?

[Jonson]

hi
1-tick resolution works perfectly and precisely with other platforms, no differences
but if use a time intervals sometimes visible differences, but these differences were also observed between other platforms, not just your
I do not want to provide samples of pictures I have no time, I can only say that those who use the paf look at building with a tick period, as even in this case, you will see the timely movement of the column
all success
PS: in the documentation, you can add nuances about it that people did not experience difficulties

THANKS

[NinjaTrader_Matthew]

Thanks for the update and for providing your feedback in this area. I will have your comments forwarded to our product development team to review.

[smuir]

I think this answer might be an understatement of the problem.

The P&F charts have two settings available. They can be either calculated from the high/low range (traditional method) or from the close. The NinjaTrader P&F chart from the close looks good, where as the NinjaTrader P&F chart calculated from the highs and lows does not look correct...

I have not looked into this in a very detailed way but would appreciate, if you had it checked by your development team.

Henry, you are the only one that nailed it.

I trade exclusively, PnF and Renko
Ninja PnF where "Price" is "Close" works just fine.

If "Price is HighsAndLows" it is butchered beyond belief, as the algorithm treats the bar individually not respecting the trend of the previous bar.
The bar gets chopped up into xxx and ooo s

It's not that it doesn't "see" the High or Lows in the bar, it sees it all too well; however it disregards the previous bar's closing as the determining factor on whether a new x or o should be made.

How or why and if it takes notice of the following bar; I've no idea.

Hope this helps all.

By the way, I do use PnF in Ninja.