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
Close-Only Method Testing
by PRASHANT SHAH -
Close-Only Method Before we analyse the testing results, it is important to understand that for back-testing with closing price method, the box-price that qualifies the pattern is considered as an entry price. It may differ from actual price because it gets updated at the end of the day and it also doesn’t take gaps into ... Read more
High-Low Testing
by PRASHANT SHAH -
High–Low Technique of plotting and analyzing High–Low charts were discussed in Chapter 5. High–low charts are horizontal in nature; hence, basic signals are not applicable on them. To avoid the presentation of unnecessary tables, we will move to testing the pattern performance based on profit exit methods because exit based on basic signals is not ... Read more
Other reversal value testing
by PRASHANT SHAH -
Other Reversal Value Back-testing All testing results presented so far are on three-box reversal charts. Tables 9.3.1 and 9.3.2 show the performance of basic P&F strategy on two-box and five-box reversal charts. Two-box charts Table 9.3.1: Back-tested numbers of P&F basic strategy on two-box reversal charts on Nifty 500 stocks over 20 years of daily ... Read more
