Point and figure

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I know that point and figure charts help determine how far price can go, or the trend can go. As far as Forex I don’t know if point and figure charts would do any good, I would think so, since it is based on price. But, drawing point and figure charts everyday might be a hassle, since I haven’t tried them. So my question is, is there a good indicator that might be close to point and figure. I know some use the RSI for determining trend.

[JohnLeonard]

I know that point and figure charts help determine how far price can go, or the trend can go. As far as Forex I don’t know if point and figure charts would do any good, I would think so, since it is based on price. But, drawing point and figure charts everyday might be a hassle, since I haven’t tried them. So my question is, is there a good indicator that might be close to point and figure. I know some use the RSI for determining trend.

There are point and figure indis out there. I got one for use on TradingStation FXCodeBase.COM: Forex Chart Indicators and Development • View topic - Point & Figure (Update 15. Aug 2013). I am sure if you search the forums for whatever platform you use (mt4, NinjaTrader, etc.), you can find one so you don’t have to do them by hand.