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
Exit, SAR and Affordability
by PRASHANT SHAH -
Exit Method We discussed that it is possible to know beforehand the price at which these Buy and Sell signals will be generated. In the method discussed above, when an instrument is bought upon Double Top Buy formation, the exit pattern is Double Bottom Sell pattern. While placing the buy trade, it will be possible ... Read more
Introduction
by PRASHANT SHAH -
Broadly, there are two types of market analyses: financial and technical. Financial or fundamental analysis is about understanding the business of the company, its balance sheet and other financial reports and studying the micro- and macro-economic factors. Technical analysis, on the other hand, studies the behavior of the price action and the demand-supply equation based ... Read more
Construction & Exercise
by PRASHANT SHAH -
Construction As mentioned earlier, P&F charts have a long history and an interesting journey that began from the figure charts. Unlike the usual candlestick or bar charts, P&F charts are plotted vertically. They are explained stepwise below. It is said that plotting of prices began from these charts, and I am sure you will find ... Read more
