9873

P&F Charts

This Demonstration implements point and figure (P&F) charting of stock prices. Before the advent of modern stock charts, P&F charting was a traditional charting technique. It is still very popular today because it is very simple to maintain by hand and reduces a stock chart to its most compact form, making it much easier to search for patterns in price behavior.
The charts are drawn using the traditional box sizes and three-box reversal, but the controls let you coarsen the chart by setting the controls to the right (i.e. making the reversal and box sizes larger and making the chart less sensitive to price movements). In particular, note that choosing both controls to be at the left, the chart appears very much like a regular stock chart. The blue trendlines represent support/resistance lines for the price of the stock. If you click the "show hint" checkbox, a tooltip appears that relates the position of a given column of x's or o's to the price history.

SNAPSHOTS

  • [Snapshot]
  • [Snapshot]
  • [Snapshot]

DETAILS

T. J. Dorsey, Point and Figure Charting: The Essential Application for Forecasting and Tracking Market Prices, New York: John Wiley and Sons, 2007.
For more information, see the Wikipedia entry for Point and figure chart.
    • Share:

Embed Interactive Demonstration New!

Just copy and paste this snippet of JavaScript code into your website or blog to put the live Demonstration on your site. More details »

Files require Wolfram CDF Player or Mathematica.









 
RELATED RESOURCES
Mathematica »
The #1 tool for creating Demonstrations
and anything technical.
Wolfram|Alpha »
Explore anything with the first
computational knowledge engine.
MathWorld »
The web's most extensive
mathematics resource.
Course Assistant Apps »
An app for every course—
right in the palm of your hand.
Wolfram Blog »
Read our views on math,
science, and technology.
Computable Document Format »
The format that makes Demonstrations
(and any information) easy to share and
interact with.
STEM Initiative »
Programs & resources for
educators, schools & students.
Computerbasedmath.org »
Join the initiative for modernizing
math education.
Step-by-step Solutions »
Walk through homework problems one step at a time, with hints to help along the way.
Wolfram Problem Generator »
Unlimited random practice problems and answers with built-in Step-by-step solutions. Practice online or make a printable study sheet.
Wolfram Language »
Knowledge-based programming for everyone.
Powered by Wolfram Mathematica © 2014 Wolfram Demonstrations Project & Contributors  |  Terms of Use  |  Privacy Policy  |  RSS Give us your feedback
Note: To run this Demonstration you need Mathematica 7+ or the free Mathematica Player 7EX
Download or upgrade to Mathematica Player 7EX
I already have Mathematica Player or Mathematica 7+