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Strategies & Market Trends : Point and Figure Charting

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To: Atin who wrote (24600)	1/31/2000 8:26:00 AM
From: Ben Antanaitis	Read Replies (1) of 34822

Atin, To develop a log scale p&f chart, each box must be an identical 'fixed' percentage price change from the box above and below ie on a 1% log scaled chart (in p&f there really is no "X-Axis" dimension other than 'the next column', but I guess that is linear enough to call it a semi-log chart), the value of the box above a given box should be 1% greater than it's value and the value of the box below it should be 1% less than it's value. This relationship also must hold for every box in the column. For example: the 1% values form a series (X-.01X), X , (X+.01X), ((X+.01X)+.01(X+.01X)), ... FYI- this series does produce identical values going 'up' and coming 'down'. That's the way my program works (not really, because I use a single formula to calculate the value for each box value, but the results are identical). Download a shareware copy of EZ-PnF and examine the charts produced with the log scale option. Ben A. ez-pnf.com

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