June 2006
Beginner
352 pages
7h 6m
English
book
Technical Analysis Plain and Simple: Charting the Markets in Your Language, Second Edition
by Michael N. Kahn
Content preview from Technical Analysis Plain and Simple: Charting the Markets in Your Language, Second EditionBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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Point and Figure
Point and figure charting is one of the older, yet still widely used, charting techniques. It is a lot more than simple jargon technicians use and cannot be given the proper treatment it deserves in a book such as this. This section will just give you a taste of this key alternative charting style.
Of the major charting styles such as bars, lines, and candles, point and figure is unique in that it is constructed in a completely different way from the others, but is analyzed with the same techniques. It plots price changes only, without regard to time, through a user-defined filter. This filter removes price “wiggles” (volatility) and can be adjusted for maximum or minimum sensitivity.
Traders constructed point and figure charts ...
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I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.