Indicators on P&F
by PRASHANT SHAH -
I was of the opinion initially that indicators are not required on Point & Figure charts. Price is a leading indicator and there is already a noise removal mechanism that is in-built in P&F charts. My thought was that more lines or indicators on P&F charts will only complicate the issue. But, I soon realized ... Read more
Volume on P&F
by PRASHANT SHAH -
It is also possible to plot volume on P&F charts, but the method of plotting them is different. Volume is shown as a histogram below the P&F charts but they are calculated only when a box is printed in the P&F column. So, volume during insignificant price moves will be ignored. Usual method of reading ... Read more
Moving Average
by PRASHANT SHAH -
Kenneth Tower introduced moving averages based on Point & Figure charts that proved to be a remarkable work in the field of technical analysis. Moving average is the most basic indicator that we use in all types of charts. It can be applied on Point & Figure charts too. A 10-day Moving average on bar ... Read more
Perfect Indicator
by PRASHANT SHAH -
There is an obvious question which might have popped-up in your mind: Which indicator works best in P&F charts? Unfortunately, there is nothing best or worst in the market. The method of reading and utilizing each indicator has been discussed thoroughly. Use what you are comfortable with and what suits you most. Indicators have got ... Read more
