This video explains how point and figure bars are formed and why volume is often missing at the high or low prices of PNF bars (ghost or phantom prices). It also explains how to set a configuration variable, PnfConventionalHighLows, to FALSE, to avoid this situation.
This video is going to highlight the point and figure charting capability.
This video is going to demonstrate the option for point and figure charting in Investor/RT.
This video demonstrates how to add red and green markers at the top of a Point and Figure or "Reversal" chart.
See Also: Processing Data for Three Line Break Charts See Also: Three Line Break Preferences See Also: Three Line Break /Custom Columns Tutorial See Also: Three Line Break Technical Oscillator See Also: Three Line Break Technical In
The Point and Figure Indicator calculates columns just like the Point And Figure Charts. There are however a couple of advantages to being able to add PNF as an indicator on a chart. First, you can overlay the traditional bar data on top of the PNF data to see exactly where in time the reversals occurred and the amount of time that was spent in each column. Also, this provides the ability to apply all other technical indicators to PNF data, such as moving averages, reference lines, etc.
The processing of data for Point and Figure (PNF) and Three Line Break (TLB) charts is dependent on four preferences settings. Those are:
- The standalone Point and Figure charts have been largely replaced by the Point and Figure periodicity of Traditional Charts.
See Also: Point and Figure Preferences See Also: Processing Data For Point and Figure Charts See Also: Point And Figure Indicator
See also Point and Figure Charts