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Standardize Point & Figure

Chart Forum » Suggestion Box » Standardize Point & Figure

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Support and Resistancenihonjin19-Oct-10  12:47 pm
         

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wilco3
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Username: wilco3

Post Number: 1
Registered: 09-2010

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Tuesday, September 21, 2010 - 02:06 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



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.
O
O
O X
O O

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.

Bill


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colin_twiggs
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Username: colin_twiggs

Post Number: 757
Registered: 06-2009

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Thursday, September 23, 2010 - 06:43 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Bill,

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.

Regards, Colin







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nihonjin
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Username: nihonjin

Post Number: 38
Registered: 05-2007

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Tuesday, October 19, 2010 - 12:45 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



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.


The market wins because it has an edge! Traders blink first.

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