Bullish-Percent
by PRASHANT SHAH -
Noiseless chart indicators I prefer to track breadth indicators based on noiseless charts because it considers both price and volatility. Thomas Dorsey in his book mentioned that Earnest Staby was trying to create an indicator that is bearish when the market is at the top and bullish when the market is at the bottom. He ... Read more
X-Percent
by PRASHANT SHAH -
X-Percent One of the unique features of P&F charts is that the last column in the chart can either be a column of ‘X’ or a column of ‘O’. Simply stated, if the price is in a column of ‘X’, it is considered bullish and vice versa. Jeremy Du Plessis explained the X-percent breadth indicator ... Read more
DT-Percent Indicator
by PRASHANT SHAH -
DT-Percent I have explained another breadth indicator called DT% breadth indicator in my book on the Point & Figure chart. DT% breadth indicator captures the number of stocks trading in the double-top buy column, meaning several stocks trading in the breakout column, and are therefore in a strong momentum. Below is the Nifty 50 candlestick ... Read more
Anchor-based breadth
by PRASHANT SHAH -
I am introducing a couple more breadth indicators based on P&F charts. Recall the earlier discussion on the Anchor column. The Anchor column in a P&F chart captures the trend and momentum. A large column of X shows strong bullish momentum, and a large column of ‘O’ shows strong bearish momentum. We can calculate how ... Read more
