This shows you the differences between two versions of the page.
| Next revision | Previous revision Next revision Both sides next revision | ||
|
chart_analysis:pnf_charts:pnf_price_objectives [2019/06/24 19:38] 127.0.0.1 external edit |
chart_analysis:pnf_charts:pnf_price_objectives [2023/01/30 16:00] jayanthi [Introduction] |
||
|---|---|---|---|
| Line 7: | Line 7: | ||
| StockCharts automates Point & Figure price objectives using the Breakout Method and the Reversal Method, both of which are based on the vertical length (height) of a Measure Column. The longer the Measure Column is, the higher or lower the price objective. Identification of this column depends on the method, Breakout or Reversal. This article will show chartists how to find the Measure Column, how to calculate the length of the price move and how to determine the Price Objective. | StockCharts automates Point & Figure price objectives using the Breakout Method and the Reversal Method, both of which are based on the vertical length (height) of a Measure Column. The longer the Measure Column is, the higher or lower the price objective. Identification of this column depends on the method, Breakout or Reversal. This article will show chartists how to find the Measure Column, how to calculate the length of the price move and how to determine the Price Objective. | ||
| - | Note that different scaling methods can affect the Price Objectives. Most of the examples below are with Traditional Scaling, which is a half point per box below 20, 1 point between 20 and 100, 2 points between 100 and 200, and 4 points between 200 and 400. Price objectives can change when using dynamic ATR scaling and percentage scaling. Chartists looking to calculate their own price objectives may wish to try "user-defined" scaling to ensure a uniform box size. This will make calculations and objectives much easier to ascertain. Also, keep in mind that these price objectives are not "hard levels". Instead, they are "soft areas" that chartists can use as a broad guideline. | + | Note that different scaling methods can affect the Price Objectives. Most of the examples below are with Traditional Scaling, which is a half point per box below 20, 1 point between 20 and 100, 2 points between 100 and 200, and 4 points between 200 and 400. Price objectives can change when using dynamic ATR scaling and percentage scaling. Chartists looking to calculate their own price objectives may wish to try "user-defined" scaling to ensure a uniform box size. This will make calculations and objectives much easier to ascertain. Also, remember that these price objectives are not "hard levels". Instead, they are "soft areas" that chartists can use as a broad guideline. Another point to note is that the chart header shows the extreme levels of the range. |
| ===== Basic P&F Signals ===== | ===== Basic P&F Signals ===== | ||
| Line 119: | Line 119: | ||
| ===== Activating Price Objectives ===== | ===== Activating Price Objectives ===== | ||
| - | StockCharts users can access P&F Price Objectives by selecting "Reversal" or "Breakout" in the "Price Objective" drop-down box. This option can be found just below the chart on the right side. After changing the method and clicking the update button, the Price Objective for the selected method will appear on the chart. See our [[docs>other-tools:pnf-charts|P&F support article]] for details on other charting options. [[https://stockcharts.com/freecharts/pnf.php?c=$spx,PWTADANRBO[P][D][F1!3!!!2!20]|Click here for a live graphical P&F chart of the S&P 500]]. | + | StockCharts users can access P&F Price Objectives by selecting "Reversal" or "Breakout" in the "Price Objective" drop-down box. This option can be found just below the chart on the right side. After changing the method and clicking the update button, the Price Objective for the selected method will appear on the chart. See our [[https://support.stockcharts.com/doku.php?id=other-tools:pnf-charts|P&F support article]] for details on other charting options. [[https://stockcharts.com/freecharts/pnf.php?c=$spx,PWTADANRBO[P][D][F1!3!!!2!20]|Click here for a live graphical P&F chart of the S&P 500]]. |
| {{:chart_analysis:pnf_charts:pnf_price_objectives:pnfpob-12-spx-exam.png|StockCharts.com Price Objectives - Chart 12}} | {{:chart_analysis:pnf_charts:pnf_price_objectives:pnfpob-12-spx-exam.png|StockCharts.com Price Objectives - Chart 12}} | ||
| - | |||
| ===== Suggested Scans ===== | ===== Suggested Scans ===== | ||