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
Time Interval Charts
by PRASHANT SHAH -
Time interval charts are the ones plotted on any time frame lesser than daily. P&F charts can be plotted using the price from any time interval such as hourly, 30 min, 15 min and so on. They can even be plotted using tick-by-tick prices, which is the origin of P&F charts but they are best ... Read more
Two-box charts
by PRASHANT SHAH -
Asymmetric Charts This chapter will help you understand other facets of the Point and Figure charting method. The charts we have discussed so far are based on the three-box reversal. It is the most popular and traditional manner of plotting the P&F charts. Number 3 has a lot of significance in the world of technical ... Read more
Five-box charts
by PRASHANT SHAH -
Five-Box Charts Five-box reversal charts provide a higher weightage to the reversal. They are slow-moving charts compared to other reversal value charts for the obvious reason that they need a five-box move for a reversal to happen. Hence, they are compressed charts having fewer columns and therefore lesser trades. Stop is comparatively wide for setups ... Read more
