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

To: Smooth Drive who wrote (24740)2/29/2000 7:20:00 AM
From: Atin  Read Replies (1) | Respond to of 34827
 
Eric, does the Chartcraft style work with percent charts?

I am reading "Trading Systems and Methods" by Perry Kaufman where he does vertical counts by:

V(up) = lowest box + (number of boxes in the first reversal x minimum number of boxes in a chart reversal);

V(down) = highest box + (number of boxes in the first reversal x minimum number of boxes in a chart reversal);

Doesn't seem to care about double tops.

I think I'm just going to use this for now, and put it on the reversal column. Now I just need to figure out how to write text with an up/down orientation so I can just put it at the top of the column . . .

-Atin



To: Smooth Drive who wrote (24740)2/29/2000 8:38:00 AM
From: Atin  Read Replies (2) | Respond to of 34827
 
Vertical counts using the Chartcraft system:

If my low is at 83, the next column of Xs has 13 columns, the calculation goes (for a 3 box reversal):

83 + (box size * (13 * 3.0)) = $122.

Or should it be $144 because once we went over 100, the box sizes become 2, so the 22 boxes above 100 are really worth 2 boxes each? Turns out it is easier for me to calculate $144 but I have the feeling that the Chartcraft method wimps out and uses 122 instead :-)

-Atin


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