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
Traps Variation
by PRASHANT SHAH -
Traps: Follow-through and Variation We discussed about Bear Trap and Bull Trap formations during last Newsletter. We discussed that: Bear Trap is a bullish pattern, Bull Trap is bearish patternBothe are objective four-column patternsBear Trap in uptrend (above moving average) is more bullish and Bull Tap in downtrend (below moving average) is more bearishBear trap ... Read more
Rising-Falling & Mini-Traps
by PRASHANT SHAH -
Mini-trap patterns: Five-Box Traps We discussed Trap formation in the section on major patterns. If weak breakout turns out to be a trap, it becomes a five-box trap. Below Image explains it. It is a five-box Trap because the number of boxes in the column preceding the breakout is less than 5. If weak breakout ... Read more
Quadruple Top-Bottoms
by PRASHANT SHAH -
If a there is a Double Top Buy signal after three ‘X’s at similar level instead of two, then it is known as Quadruple Top Buy signal. It displays the successful breakout above a stiff resistance on the fourth attempt. Quadruple Buy and Sell signals are shown in below Image. These are very rare formations ... Read more
