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
ADX
by PRASHANT SHAH -
ADX is another popular indicator developed by J. Welles Wilder that evaluates strength of the trend. It fluctuates between 0 and 100 and displays strength of the current trend, whether it is up or down. Three lines are plotted below the price chart, which are the components of the ADX indicator. DMI+ and DMI-lines of ... Read more
Unique XO Indicators
by PRASHANT SHAH -
We discussed popular indicators and their application on P&F charts. But P&F is a charting system and it can have its own unique set of indicators as well. The indicators can be built using the unique features associated with the P&F charts. Unlike usual charts, P&F charts do not move horizontally and one of their ... Read more
PMOX Indicator
by PRASHANT SHAH -
We plot indicators on the price chart to read momentum and identify extreme zones. Usually, what happens is stocks may remain in an overbought zone for a long period during strong uptrends. They can also remain in the oversold zone for a while during a strong downtrend. Extreme zones are well respected when the market ... Read more
