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
What is major pattern?
by PRASHANT SHAH -
Differentiation between Fresh and Continuation signals is important irrespective of trading methodology. We discussed a basic P&F pattern trading method in the previous chapter. Like any other price-following method, period of Sideways or horizontal trend generate whipsaws with this method as well, but it is comparatively less, for reasons we discussed in the earlier chapter. ... Read more
Triple Top – Triple Bottom Pattern
by PRASHANT SHAH -
If high box-price of two consecutive columns of ‘X’ happens to be at the same level from which column has turned to ‘O’, then it becomes a strong resistance area. It displays strong supply area because three-box reversal has been produced from the same level twice. Similarly, if low box-price of two consecutive columns of ... Read more
Fresh and Continuation Signals
by PRASHANT SHAH -
Not all P&F columns are Buy-Sell columns, and not all Buy-Sell columns are Fresh signals. A bullish breakout that happened at Double Top Buy signal remains open until formation of Double Bottom Sell signal. There can be Double Top Buy signals in between, which are known as Continuation Buy signals. Fresh Buy signal is a ... Read more
