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Strategies & Market Trends : Point and Figure Charting
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To: miklosh who wrote (24806)5/14/2000 10:41:00 AM
From: Atin  Read Replies (2) of 34810
 
Options Jerry asked some questions about QPnf on another thread and I'm posting the response here too for other QPnf users using QPnf for point and figure charting

QPnf:

1. The numbers are vertical count based price objectives. The ones near the top of O columns are downside targets, the ones near the bottom of the X columns are upside targets. You can turn them off by going into the View Menu and toggling "price objectives".

2. The lines:
There are four kinds of lines, the bullish and bearish trend lines and the support and resistance lines. The ones that go diagnal are the trend lines, the ones that are horizontal are the support/resistance. Again, you can turn them off by going into the View Menu and toggling "trend lines" and "support/resistance lines".

3. top-mid-bot are the bollinger band values at latest time for which you have data. They will not match DWA because they use some other method for calculating their bands.

4. You can save your "defaults" by going into the Edit menu, and choosing "save as defaults" and clicking ok. Now your chart (including no price objectives etc) will be your default when you open new charts.

I like to use the support/resistance intraday too -- they work for me -- but you can turn them off by using the View menu toggle.

-Atin
QPnf - free point and figure charting software
pnfcharts.com
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