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
Pattern that Reversed
by PRASHANT SHAH -
Bearish and bullish patterns that reversed are reversal formations and not really an extension to any pattern that we have discussed so far. I wish their names were different to make them less confusing and easy to remember. Nonetheless, they are useful and important formations that can easily be understood. Bearish pattern that reversed is ... Read more
Catapult
by PRASHANT SHAH -
Catapult is popular Point & Figure formation and considered as a reliable pattern from the trading perspective. Two consecutive patterns in the same direction form a Catapult, where a strong Buy signal is followed by Continuation Buy signal. Traditionally, a Triple Top Buy formation is considered as a strong Buy signal; when it is followed ... Read more
Summary
by PRASHANT SHAH -
It is interesting to know the candidates where breakout trades are in trouble. Such difficult period for trend-following is typically followed by a strong trending phase. Hence, Broadening and Double Broadening are interesting formations.The 100% Pole is a combination of three patterns and shows more bullishness or bearishness than High Pole and Low Pole.Bullish and ... Read more
