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
Previous Peaks & Troughs
by PRASHANT SHAH -
Finding support and resistance on charts is a conventional method of analysis and well known among chart practitioners. Support is the area where demand is expected to exceed the supply; hence, price should stop falling at those levels. Similarly, resistance is the level where supply is likely to exceed demand; hence, the up move may ... Read more
Polarity Principle
by PRASHANT SHAH -
Polarity Principle The polarity principle is very popular in the conventional time-based charts. The concept of prior support, when broken, turning into resistance or vice versa is the essence of the polarity principle. It is also applicable on P&F charts. Though it can be viewed on all box-values and time frames, it can be better ... Read more
Anchor Point
by PRASHANT SHAH -
Anchor point is the most amazing and underused tool in the Point & Figure world. Anchor point is the most logical area of demand and supply where indecision or confusion is seen among market participants. It is the battlefield of Bulls and Bears where the fight had been most indecisive. Eventually one side will get ... Read more
