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
Fibonacci levels
by PRASHANT SHAH -
Fibonacci Retracement and Extensions There is much written about Fibonacci series. Though its relevance in markets can be debated, but those who believe in it can use it in P&F charts too. What is a Fibonacci Series? The Fibonacci sequence is named after Italian Mathematician Leonardo Pisa, known as Fibonacci. He introduced the sequence to ... Read more
Anchor Lines
by PRASHANT SHAH -
Anchor Columns Anchor column is another gift from P&F to the world of technical analysis. The concept of anchor column is simple, yet most amazing. A long column in a P&F chart is called an anchor column. Remember, P&F columns represent a trending move. A long column represents strong trend backed by momentum. Anchor columns ... Read more
Closing or High–Low
by PRASHANT SHAH -
The next obvious question would be: Which method should be used, closing or High–Low? Both come with their own set of issues and advantages. A chart plotted with closing prices mark the column at end of the day, hence signals appear late but the charts plotted with High–Low price produce more columns of ‘X’ and ... Read more
