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chart_analysis:pnf_charts:pnf_scale_time [2019/06/24 19:38] 127.0.0.1 external edit |
chart_analysis:pnf_charts:pnf_scale_time [2019/07/10 15:57] betseyp [Traditional] |
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| ==== Traditional ==== | ==== Traditional ==== | ||
| - | Traditional scaling uses a predefined table of price ranges to determine what the box size should be. The table was originally created by the people at "ChartCraft" and later popularized by Tom Dorsey in his book //[[https://store.stockcharts.com/products/point-figure-charting-the-essential-application-for-forecasting-and-tracking-market-prices-3rd-edition|Point & Figure Charting]]//. | + | Traditional scaling uses a predefined table of price ranges to determine what the box size should be. The table was originally created by the people at ChartCraft and later popularized by Tom Dorsey in his book //[[https://store.stockcharts.com/products/point-figure-charting-the-essential-application-for-forecasting-and-tracking-market-prices-3rd-edition|Point & Figure Charting]]//. The table below shows the scaling used in StockCharts' P&F charts, updated from the ChartCraft original to reflect today's price ranges. |
| |**Price Range**|**Box Size**| | |**Price Range**|**Box Size**| | ||
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| |200 to 500|4.00| | |200 to 500|4.00| | ||
| |500 to 1,000|5.00| | |500 to 1,000|5.00| | ||
| - | |1,000 to 25,000|50.00| | + | |1,000 to 2,500|10.00| |
| + | |2,500 to 25,000|50.00| | ||
| |25,000 and up|500.00| | |25,000 and up|500.00| | ||
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| ==== Percentage Scaling ==== | ==== Percentage Scaling ==== | ||