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Regarding Point and Figure Charting:
Regarding Point and Figure Charting: What is better: Close only or High/Low for Point and Figure Charting? I am using 3x1% daily charts. Thanks for any advice or insight. --george
As I understand you, you use Traditional x 3 High/Low; 3% x 2 close only, and Traditional x 1 box. Am I correct regarding the 1 box? Do you mean High/Low or Close only when referring to the 1 box chart? Your comment about the 1 box reversal chart being neutral is interesting and helpful. As well as your comments about 1 box fulcrums being a reversal pattern.
Do you take your signals from the Traditional x 3 box chart or the 3%x2 box or the Traditional x1box?
It took me a few years to become as comfortable as needed. I "created" the Dynamic CSS pattern by combining the principles of Dynamic Trend Line Charting, with The CSS Strategy by Brian Randall. The former is a book, the latter, a method shared on the Dorsey Wright message board and off board study group. The Prenzel book is worth every penny, but better to have the understanding of PnF first, to build upon.
I would strongly recommend that you send your ideas about annotating P&F charts to Support. You will get a canned reply, but I believe suggestions do influence decisions about enhancements to the site. Several of my requests over the years have been adopted in one way or another (eventually). Of course I can't be certain they weren't going to make those enhancements anyway, but I think they do listen to their subscribers. I think they are most likely to adopt features that have the broadest appeal and contribute the most to user-friendliness. Although P&F is a niche, increasing its user-friendliness could be a step to making Stockcharts the go-to site for its fans. The P&F documentation is already very thorough:
I am writing to request that StockCharts please make annotations available on P&F charts. For example, to be able to draw what Jeremy du Plessis calls subjective trend lines at reaction points after a trend has started on a P&F chart would be of great help.
Thank you, for the P&F charts that you have provided.
And thank you for ChartCon 2018.
-- George Lebecki
Why is yield important? Well, if you want to see if the chart is using adjusted data, you have no way of knowing or surmising that it is available without seeing the yield data. On PnF charts, unadjusted data often provides a much different look on most charts. But, you'll never know to check the unadjusted chart without the yield indicator. I thought that would be an easy one for them to add.
My experience with SC tech support is much different now than when I was a member several years ago. Different ownership perhaps.
They haven't touched PnF charts in all the years that I've known SC PnF charts. Must be what's next on the ACP agenda? Adding them to ACP? and when they do, they'll add all the suggestions I've been posing throughout the years, but only available on the ACP PnF chart. I know. Too cynical.
Changing the FONT is still an encouraging change. They changed the font on the CandleGlance PnF chart also. They didn't fix the Y axis issue on the PnF Percentage CandleGlance. That issue is that if you look at the CandleGlance P&F (Traditional) the Y axis is taken to 2 decimal points. On the CandleGlance P&F (Percentage) the Y axis is 0 decimals. They have plenty of room for them, but.......
They also have the header left margin much bigger than need be. Again, programmers usually aren't users so they only care about opening and closing the job ticket. At least in my experience.
Fun part now is that it looks like they removed the font change. Testing out something.