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
Horizontal Counts
by PRASHANT SHAH -
If you meet any market participant, you will often find two questions that can be called the stock market anthem: kya lagta hai? (How do you see market?) and the question that shall immediately follow is kahan tak? (How far?) Once we identify the trend or breakout pattern, next thing we try to do is ... Read more
Vertical Counts
by PRASHANT SHAH -
Vertical Counts This is my favorite method of taking the counts, mainly because it is objective in nature. Vertical counts are a method of projecting targets from single P&F column. A column of ‘X’ is always projected toward upside and a column of ‘O’ will always be projected toward downside. The column selection is not ... Read more
Basic Patterns
by PRASHANT SHAH -
Construction of Point & Figure charts is unique, and effective P&F analysis will be very difficult unless it is properly understood. Point & Figure charts move vertically in alternating columns of ‘X’ and ‘O’. The combination of the columns produces patterns that are objective and simple to identify. I have segregated patterns into different types ... Read more
