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-following approach
by PRASHANT SHAH -
Pattern Following Patterns that we have discussed can help us in analyzing the markets and instruments. A trading approach can also be developed using them, which is known as pattern following. Take a trade based on bullish pattern and exit when bearish formation is formed, or take a short position based on bearish formation and ... Read more
More on Trading
by PRASHANT SHAH -
Art of Losing Figure shown below is 0.15% x 3 cl P&F chart of UPL plotted on 1 min time interval chart. Figure 12.5.1: UPL-I futures 1 min interval 0.15% x 3 cl Point & Figure chart The Anchor point is drawn by connecting the two major points on the chart in the Uptrend. Let’s ... Read more
P&F Matrix
by PRASHANT SHAH -
We have discussed basic P&F patterns. It is possible to run the scanner to shortlist stocks which have generated Double Top Buy or Double Bottom Sell signal on a given day. But, how about scanning for a pattern on multiple box-values and ranking them based on some scoring methodology? The Point & Figure performance matrix ... Read more
