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
Mutual Fund P&F
by PRASHANT SHAH -
Mutual Fund NAVs can be plotted using Point & Figure construction method as well. Figure shown below is a 2% x 3 P&F chart of HDFC Mid-cap Opportunities Growth fund. Figure 11.4.1: HDFC Mid-cap opportunities fund (G) 2% x 3 Point & Figure chart Trend lines and counts on the chart are drawn from Mini ... Read more
Nifty PE P&F
by PRASHANT SHAH -
Nifty PE Price earning (PE) ratio is another important tool widely followed by many market participants. It is calculated by dividing the stock price of the company by its earnings per share and used as tool to check if the company is undervalued or overvalued. Figure shown below is 0.25% x 3 Point & Figure ... Read more
Intro & Methodolgy
by PRASHANT SHAH -
The biggest advantage of Point and Figure patterns is that they are objective in nature. Hence, they can be easily back-tested to analyse past performance, but the task is not very easy, given the multiple parameters to plot in P&F charts. This chapter deals with these difficulties and we test the P&F patterns from different ... Read more
