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
Positional Investment
by PRASHANT SHAH -
Investing Generally speaking, investment is made keeping larger time horizon in mind. It is a sensible approach to use higher box-values when time horizon is large. All P&F methods that we have discussed can be applied on larger box-value charts for medium-term or long-term investments; I am not repeating it unnecessarily. The earlier discussion about ... Read more
Short & Medium-term
by PRASHANT SHAH -
Various methods and techniques on P&F discussed throughout this book are applicable on all time frames and box-values. Even one or two things understood properly can make you trade any instrument successfully. A few strategies are discussed in this chapter from investing and trading perspective, to arm you with more ideas and use the ones ... Read more
Index Trading
by PRASHANT SHAH -
Nifty as per simple setup rules can be traded on lower time-frame charts. In other words, basic Double Top and Double Bottom patterns can be filtered by trend identification techniques like moving average. I recommend 5 absolute box-value for the same on 1 min time frame. Have a look at the chart below. Figure 12.3.12: ... Read more
