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
Nifty 50 Index testing
by PRASHANT SHAH -
Nifty-50 Index As discussed in the pattern segment, behavior of index is different than that of stock. It may be incorrect to assume that same kind of results would be generated when tests are conducted on an index such as Nifty-50. In this section, back-testing numbers of pattern performance on Nifty-50 index are presented. Nifty ... Read more
Back-testing Summary
by PRASHANT SHAH -
Summary Though details can be analyzed and observed from the given tables, it appears from overall testing that multi-column breakout, Triangular and Broadening formation across instruments and time frames have a definitive edge. Strategies can be designed based on these formations for better results. Note that returns are shown in percentage terms and position-sizing rules ... Read more
P&F Setup
by PRASHANT SHAH -
P&F Setup P&F setup is a very simple method designed using unique, simple yet smart features of P&F charts. It is applicable on all charts and all time frames. P&F setup consists of two components: Pattern and Trend. Patterns Patterns in Point& Figure chart can be clearly defined as bullish or bearish. All major patterns ... Read more
