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
Indicators on P&F
by PRASHANT SHAH -
I was of the opinion initially that indicators are not required on Point & Figure charts. Price is a leading indicator and there is already a noise removal mechanism that is in-built in P&F charts. My thought was that more lines or indicators on P&F charts will only complicate the issue. But, I soon realized ... Read more
Volume on P&F
by PRASHANT SHAH -
It is also possible to plot volume on P&F charts, but the method of plotting them is different. Volume is shown as a histogram below the P&F charts but they are calculated only when a box is printed in the P&F column. So, volume during insignificant price moves will be ignored. Usual method of reading ... Read more
Moving Average
by PRASHANT SHAH -
Kenneth Tower introduced moving averages based on Point & Figure charts that proved to be a remarkable work in the field of technical analysis. Moving average is the most basic indicator that we use in all types of charts. It can be applied on Point & Figure charts too. A 10-day Moving average on bar ... Read more
