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
System Design
by PRASHANT SHAH -
The discussion in this section will be of interest particularly to the people who are thinkers and prefer to design systems. We know that every P&F pattern is a combination of columns. A pattern or system can be designed by defining the columns and combinations. A column represents a trend. The major ingredient of a ... Read more
Box-value Slots
by PRASHANT SHAH -
After understanding the techniques of identifying patterns and analyzing P&F charts, the important question that will pop up is: how do we determine the basic parameters to construct a P&F chart? Because, the analysis and various P&F patterns and setups depend on the parameters we choose to construct the chart. Below are the parameters that ... Read more
High-Low Box-values
by PRASHANT SHAH -
High–Low Charts It must be obvious by now that P&F charts can be plotted with just one price. Charts plotted with closing prices will generate patterns based on the closing price. High–Low method of plotting considers either the high or low price made during the day for plotting. If previous column is of ‘X’ and ... Read more
