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
