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
Exercise and Summary
by PRASHANT SHAH -
Charts were given for exercise after every discussion in the previous section. All those charts are shown below with all four major patterns marked on them. Triple top-bottom section chart Trap Pattern section chart Pole Section pattern chart Triangle Pattern section chart The rest will be a cakewalk if you have been able to spot ... Read more
Broadening Patterns
by PRASHANT SHAH -
This section deals with patterns which are derivatives or extensions of major patterns. But they have greater significance due to additional information that they provide. Having understood the major patterns will help you grasp them easily. Let us discuss them. Broadening Formation Trap formation was discussed in the previous section. Recollect and revise them before ... Read more
100% Pole
by PRASHANT SHAH -
We discussed pole formation in the previous chapter. A pole is formed when a column is retraced by 50% immediately after the long breakout column – you can call it 50% Pole. It is possible that after forming 50% Pole, the trend continues in the same column and retraces the prior swing by 100% or ... Read more
