How to calculate r with a vertical count on point and figure

[DayTradingDEMON]

Good morning,

Wondering if someone can help me out there with point and figure. I am wanting to do a vertical count on a column. I place the arrow underneath the column I want to calculate but cannot figure out how to calculate the target with the drawing tools, can someone help me please?

[NinjaTrader_ChelseaB]

Hello DayTradingDEMON,

You are trying to count the number of ticks from the anchor price of an arrow to the high of the bar?

[DayTradingDEMON]

No, nothing to do with ticks. I am using a point and figure chart. Here's a video I found on youtube of what I am trying to do: Point and Figure vertical count long price projection

However, F5 does not produce what I am trying to do

[rockmanx00]

The video says you can get the indicator via the link that does not seem to be working. That means he is using an indicator to do what he is doing. You would need to create an indicator that does the same. Do you know how to get the calculations?

[DayTradingDEMON]

The video says you can get the indicator via the link that does not seem to be working. That means he is using an indicator to do what he is doing. You would need to create an indicator that does the same. Do you know how to get the calculations?

Yeah I can count the boxes but looking for something that eliminates me having to do that. I will look at the indicator store. Thanks bro!

[DayTradingDEMON]

Nvm there is no indicator in the ecosystem for this. The arrow portion works. F5 doesnt not produce a target. I am wondering if the risk reward tool will work instead going to test this week.

[rockmanx00]

Usually f5 is to refresh the screen, and reload indicators and all that. But if you know how to calculate it, you could probably make it yourself if you know what it's doing. What are the calculations and how does it work?

[DayTradingDEMON]

I figured the vertical count out without needing to use any indicators. Thanks for the help.