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
Options Trading
by PRASHANT SHAH -
Options Options are useful derivative trading instruments and they can be traded using technical analysis without having to understand the Greeks associated with them. P&F charts of options can be plotted and every P&F technique that we have discussed is applicable on them as well. Time interval P&F charts of option premium should be plotted ... Read more
Intraday Trading
by PRASHANT SHAH -
Very short-term trading such as intraday trading requires a special skill set. There is so much noise out there that it is so easy to overtrade. The best advantage of P&F for trading time interval charts is that it reduces the number of trading signals. Figure shown below is a P&F chart of Nifty showing ... Read more
ORB
by PRASHANT SHAH -
ORB (Open Range Breakout) is a popular technique followed for intraday trading. In ORB, the opening range of first 15 or 30 min candle is treated as range for the day, price remaining between the range is considered as consolidation and coming out from that range is known as an open rage breakout. Same formation ... Read more
