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
Setback-Comeback
by PRASHANT SHAH -
I am seriously impressed by recent advertisement of Kaun Banega Crorepati program. It says, “Setback ka jawab Comeback se do”. Please have a look if you haven’t seen it as yet. Beautiful lines, full marks to writers and makers of the show for this.We can see those patterns in stocks also. Below are some examples of stocks where there was a ... Read more
OOPs Patterns
by PRASHANT SHAH -
OOPs Support–Resistance Pattern Given below is an image that shows the price at the previous important base: Image 7.34: Support at the previous base.[WJ1] This pattern can also be defined in the P&F pattern. Look at the image below. Image 7.35: Bottom of ‘O’ at the same level. When two columns of ‘O’ are at ... Read more
