Standardize Point & Figure
Post Number: 1
|Tuesday, September 21, 2010 - 02:06 am:||
I've not been using P&F charts for long, but all of the reference material I find standardizes their presentation in a square box grid. I do not see a way to get such a grid in the IC implementation. Having a square layout would greatly mitigate the lack of a snap-to 45 degree line tool, and would keep the IC presentation compatible with the references.
Also, the references I find on 1-box reversal P&F draw it a bit differently than 2+ reversals. The 1-box variety seems to be presented such that a single reversal followed by an immediate return to the previous direction is posted in the same column; e.g.
While this doesn't seem as important to me atm as the square grid, it still would be good to be more comparable to outside references.
Post Number: 757
|Thursday, September 23, 2010 - 06:43 pm:||
Thank you for the suggestions. Square grid lines may not that easy for us to achieve. Our plans for P&F include the following:
- Fixed box size option (at present they are stepped);
- DeVilliers P&F option in addition to the current Classic option (DeVilliers P&F is drawn as in your post);
- 45-degree angle trendline;
- Auto-extend for horizontal trendlines;
- Relative Strength P&F option (comparing a stock to an index/another stock.
We will only commence with this next year when the real-time hour/minute charts are completed.
Post Number: 38
|Tuesday, October 19, 2010 - 12:45 pm:||
I endorse Wilco3's comments. I would also ask for fractional box sizes. Many of Australia's smaller companies trade with prices less than 1 dollar and 0.5 box sizes would be a big improvement.
It should also be possible to put indicators like Bollinger Bands on the P&F chart.
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