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
Diamond Pattern
by PRASHANT SHAH -
P&F Diamond Diamond is a popular chart pattern which is considered as a strong formation that usually occurs when price is forming a significant top or bottom. Below Image shows a diamond pattern. The same can be designed on Point & Figure as well. If you look at it carefully, it can be described as ... Read more
Super Pattern
by PRASHANT SHAH -
I couldn’t find a better name for this pattern. While the rules of the pattern are very simple, it turns out to be one of the profitable and reliable patterns in my several years of trading P&F charts. The most advantageous thing about P&F is that we can segment price into boxes. Buy after small ... Read more
ARF Pattern
by PRASHANT SHAH -
Have a look at below chart pattern:A = Strong trendB = Shallow retracementC = Continuation breakoutBelow is a chart image showing this pattern:We have talked about Super pattern, T20 etc patterns which was an attempt to make this observation objective and scannable.For example, a strong trend followed by less than 4-box retracement is a Super pattern that provides affordable trade opportunity.But ... Read more
