Point and Figure

[reynoldsn]

I've just started trying out Point and Figure chart types and I'd like to make sure my download historical settings are correct.
I just been leaving the defaults - is this enough?

[NinjaTrader_LuisH]

Hello reynoldsn<


Thank you for posting on the NinjaTrader forums.


Since this is not a standard time based chart, the building of these charts will rely on tick data rather than time-based data such as minute or daily bars. This means that they are built based on price movements rather than fixed time intervals.



Edit instead of adding a full post: Yes, you would have to select the tick interval when downloading historical data.

reynoldsn


Please let us know if there's anything else we can assist with!

[reynoldsn]

Does that mean I need to check the Tick Interval when downloading Historical data in order to reliably use Pont and Figure charts?