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
Pattern Cluster
by PRASHANT SHAH -
We discussed the concept of pattern cluster in Chapter 5. The best trades can be generated when there is a significant pattern visible across different box-values, especially when there is a breakout pattern on higher box-value and some failure formation in the lower box-value or time frame. When setup has got breakout and failure as ... Read more
Trading Pattern Failure
by PRASHANT SHAH -
Failure It may be recalled that the conditions that trigger a pattern failure were discussed along with the pattern concerned. Objectivity while defining the patterns helps in clearly defining the failure criteria as well. A Failure or negation of a pattern is a significant piece of information that should not be ignored. Negation of bullish ... Read more
BOOST: A Multi-timeframe trading system
by PRASHANT SHAH -
Major advantage of Point & Figure chart system is that it is objective in nature and gives us opportunity to design different types of systems or patterns that we observe in markets.Below is an idea of a trade system or pattern on multiple timeframes.Concept: A stock should be in uptrend on higher timeframes, or it should ... Read more
