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Strategies & Market Trends : StockCharts.com -- Ignore unavailable to you. Want to Upgrade?

To: Bart Goemaere who wrote (212)1/25/2002 10:36:28 AM
From: bob wallace  Respond to of 836
 
many people/programs do use closing prices for PnF charts -
my experience has been that mutual fund types do this frequently

however, Atin is correct, highs and lows are used to create PnF charts

Bob



To: Bart Goemaere who wrote (212)1/25/2002 11:03:57 AM
From: Atin  Read Replies (2) | Respond to of 836
 
That's right - in our experience the high/low is a better way to look at support/resistance and this is how most of the books on P&F talk about it. One of these days I'll add close only charts to StockCharts.com so users can choose their own style (default will remain high/low). For now, if I don't have high/low prices, I will default to close (for mutual funds for example) but otherwise I will use high/low.

-Atin


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