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
Perfect Indicator
by PRASHANT SHAH -
There is an obvious question which might have popped-up in your mind: Which indicator works best in P&F charts? Unfortunately, there is nothing best or worst in the market. The method of reading and utilizing each indicator has been discussed thoroughly. Use what you are comfortable with and what suits you most. Indicators have got ... Read more
Mini Tops and Mini Bottoms
by PRASHANT SHAH -
We discussed about various Point & Figure patterns in the earlier chapters. Trades should be taken based on their occurrence. Techniques of analyzing them by applying various tools are explained in this chapter, which shall help in filtering the patterns and defining the setups. Mini Tops and Mini Bottoms Tops and Bottoms are very easy ... Read more
Trendlines
by PRASHANT SHAH -
Trend line is a most basic and widely used tool of identifying trends. We often plot it on usual price– time charts by connecting two highs or lows. Bullish line is drawn by connecting two lows and bearish line is drawn by connecting two high points. Upward line shows higher low formation that reflects rising ... Read more
