Bibliography
by PRASHANT SHAH -
(In alphabetical order) Aby, Carroll D. J. Point & Figure Charting: The Complete Guide. Grinville, SC: Traders Press Inc., 1996. Bollinger, John. Bollinger on Bollinger Bands. New York, NY: McGraw-Hill, 2002. Bulkowski, Thomas N. Encyclopedia of Chart Patterns. New York, NY: John Wiley & Sons, Inc., 2000. Carney, Scott M. Harmonic Trading, Volume One: Profiting ... Read more
OBV P&F
by PRASHANT SHAH -
Volume Indicator P&F Charts On Balance Volume, invented by Joseph Granville, is a most basic volume indicator. It adds the volume to the previous total when price rises, else it is deducted. OBV indicator calculated on usual charts when plotted using Point & Figure method becomes very simple to read due to the clear and ... Read more
P&F of Indicators
by PRASHANT SHAH -
Indicator as Point & Figure A 14-day RSI is a popular indicator on bar and candlestick charts. Same indicator plotted in P&F charts is featured below. Figure 11.3.1: Nifty 14 day RSI line chart and 2% x 3 Point & Figure chart This way, noise of RSI indicator can be removed and plotted for reading ... Read more
Pattern Counter & Multiple Time Frame Analysis
by PRASHANT SHAH -
This week, I wanted to discuss about the P&F Pattern Counter feature introduced in TradePoint recently. This is an interesting concept and can be used in multiple ways. I am still trying to experiment with this tool and am sharing my initial thoughts on it. Feel free to share your ideas of how to use this ... Read more
Other Methods of Plotting
by PRASHANT SHAH -
ATR-Based Box-Values We discussed Average True Range (ATR) in the chapter on indicators. There is a method of plotting P&F charts using the ATR values. With this approach, Average True Range of any instrument is calculated on bar charts, and a P&F chart is plotted with that ATR-based box-value. For ATR, 14 is a popular ... Read more
One-Box Reversal Charts
by PRASHANT SHAH -
One-box reversal P&F charting method is also known as a Wyckoff method, named after the late Wall Street legend Richard D. Wyckoff. It is the original P&F method of plotting the charts. We discussed the construction of one-box reversal P&F charts in Chapter 1. Recall that the reversal value is ‘1’; hence, column is changed ... Read more
