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
Trap Pattern
by PRASHANT SHAH -
Trap Trap should be a familiar word to market participants. We fall prey to it often. Getting trapped can be simply defined as getting stuck in a trade that has moved against the entry. Double Top Buy is a bullish swing breakout formation. A column of ‘O’ may occur after such breakout which represents correction, ... Read more
Pole Patterns
by PRASHANT SHAH -
Pole formation is truly a gift from Point & Figure to the world of technical analysis. It is a matchless and useful pattern even from the perspective of designing systems. Pole doesn’t get generated upon Double Top Buy or Double Bottom Sell signal; hence, it is a reversal formation and not a breakout or continuation. ... Read more
Triangle Patterns
by PRASHANT SHAH -
The Triangle is another unique feature of P&F charts. No other method can display converging formation in such an impressive manner. I need to explain Inside Column before discussing triangles. Inside Column As the name suggests, Inside Column is a column that is confined within the previous column; meaning that the high of the inside ... Read more
