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
ABC Pattern
by PRASHANT SHAH -
ABC “Know the rules well, so you can break them effectively” – Dalai Lama XIV Once the basic concepts are mastered, it becomes far easier to tweak them to suit personal requirements. Trend lines, counts and P&F patterns can be utilized to design various trading setups. Here is an example of one such setup defined ... Read more
P&F Tweezers
by PRASHANT SHAH -
I have borrowed the word Tweezer from Steve Nisson’s popular and wonderful book Japanese Candlestick Charting Techniques. He has described the Tweezer Candlestick pattern in his book. Though there is no similarity in the two patterns, I recalled that pattern while working on Tweezers, hence the name. Though they look simple, P&F Tweezers are an ... Read more
Anchor Strike (Top-bottom)
by PRASHANT SHAH -
Anchor Tops and Anchor Bottoms This is a method that helps us in identifying if significant Top or Bottom has been formed. Have a look at 1% box-value chart of Bharat Forge, shown in below. There is a corrective move when the overall trend is up. Stock price corrected for about 18 months and price ... Read more
