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
Box-value, Timeframe & Chart settings
by PRASHANT SHAH -
It must be now clear that the P&F chart moves only when price moves. There were instances where we did not plot anything. At any point in time, the continuation and reversal price level will be known. Nothing gets plotted until price either trades at or above the continuation or reversal level. Box-value Below chart ... Read more
Understanding P&F
by PRASHANT SHAH -
P&F charts are plotted vertically and move up and down in columns of X and O respectively. So, what we can see in large horizontal price–time charts will be captured in several columns in P&F charts. An up move seen over several candles in the candlestick chart can be captured in a single column in ... Read more
Exercise
by PRASHANT SHAH -
We discussed construction and basic P&F formations in the earlier chapters. It must be clear now that a column reversal is a two-column formation and basic Buy-Sell signals are three-column formations. If you have observed several P&F charts before reading next section, then it will benefit in understanding further. Nonetheless, correct marking of charts given ... Read more
