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
Bollinger Bands
by PRASHANT SHAH -
Bollinger Bands is a wonderful invention of John Bollinger in the field of Technical analysis. It is the best channel indicator available out there. Advanced indicators such as Bollinger Bands on Point & Figure charts were first used by Jeremy du Plessis in his book The Definitive Guide to Point and Figure: A comprehensive Guide ... Read more
RSI
by PRASHANT SHAH -
Developed by J. Welles Wilder, Relative Strength Index (RSI) is perhaps most popular and widely used indicator. It is also possible to plot it on P&F charts. Formula remains the same but the underlying logic differs. Below is the formula of Relative Strength Index: RSI = 100 – 100 / (1 + RS) Where RS ... Read more
Noiseless RSI
by PRASHANT SHAH -
A new way to look at RSI. The RSI indicator on a Point & Figure chart was discussed. Let’s revisit the discussion and try to understand the concept. RSI is a very popular strength and momentum indicator. 14 is a widely followed period for RSI. If you plot 14-period RSI, it calculates a ratio of ... Read more
