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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: CatLady who wrote (24702)	2/23/2000 11:52:00 PM
From: Atin	Read Replies (1) \| Respond to of 34811

There are many ways to choose box sizes, and percentages definitely seem better which is why I implemented that in QPnf. There were some studies done that seemed to say that a 2.38% (which is close to the 2.33 for log charts) box size was a good one for daily charts and that is what I use. I move the decimal around for intraday charts -- like 0.238% per box etc. Average true range is a good thing too -- but I don't have that implemented automatically, but if you have the number for a stock, you can plug it into QPnf and you'll get that box size.

To: CatLady who wrote (24702)	2/24/2000 7:51:00 AM
From: Atin	Respond to of 34811

I just started using ATR (average true range) as a box size. Doesn't quite work, but ATR/reversal size e.g. ATR/3.0 if you're using a 3 box reversal works pretty well. The idea is that if I get movement that is within the average true range, no change in trend happens. But if the movement is larger than the ATR and is in the reverse direction, the chart will change direction. I will release this tonight or tomorrow. I used to have something like this before -- if you type 0 for a box size, and use user defined in the chart type, I would choose something like the average true range. But I took it out. It'll be back in the next release. I like it better than my old method of using moving averages anyway. -Atin