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Registered User
Joined: 8/30/2007
Posts: 33
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Team,
I have several questions.
Imagine a symbol with a reversal box defined of 1$. If I click in properties to not allow one box reversals, what is the reversal considered? two (2$) or more boxes? normally I use a 3-box reversal, could this be a parameter?
I don´t understan very well the following properties,
-Boxes allow per colum: It´s seems that is only a Style option??? A p&f chart paints all the boxes needed each box should be in this case 1$, Seems that if a colum is for 5 dollars instead of put five crosses, you can adjust using the number of boxes using this parameter.
-Required Percent to Draw a box: it seems this parameter don´t work and the chart is lead by the Abs reversal value you fix in the chart.
Am i misunderstanding somenthing?
thanks for your help
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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PointAndFigure in Blocks is currently just a Display Style. There are no calculations built into the Display Style. When a new Column is created is based entirely on how the Bar is built (using either RealCode or Bar Builder Blocks). If the Close is higher than the Open, the Boxes will be an X, if the Close is lower than the Open, the Boxes will be an O. The Boxes are based on the entire Range of the Bar (but this entire Range may not be drawn depending on the Style Properties used).
The number of Boxes in the entire vertical range of the Chart is based on the Boxes Per Column Style Property.
If One Box Reversals is True, a Column will not start drawing Boxes until it is at least one Box away from the extreme of the previous Column (otherwise it will draw the Boxes for the next Column even if they are not at least one Box away from the extreme).
If Partial Boxes is True, a Box will be drawn even when an entire Box is not present (otherwise it will wait for an entire Box to form before it is drawn).
Required Percent does not have any effect of which I am aware.
I am not aware of any tutorials or videos on the subject. Point and Figure Charting is something that is likely to be changed from its current incarnation. While it is working as originally designed (for Blocks 1.x), I do not know of a way to create Box based reversals or adjust the size of the Blocks to represent specific ranges in either Price or Percent. New Columns are generally created using the Point & Figure % Bar-Builder or Point & Figure Bar-Builder Blocks.
-Bruce
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Registered User
Joined: 8/30/2007
Posts: 33
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Many thanks bruce
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Registered User
Joined: 3/10/2005
Posts: 5
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QUOTE (mdfalco)
Team,
I have several questions.
Imagine a symbol with a reversal box defined of 1$. If I click in properties to not allow one box reversals, what is the reversal considered? two (2$) or more boxes? normally I use a 3-box reversal, could this be a parameter?
I don´t understan very well the following properties,
-Boxes allow per colum: It´s seems that is only a Style option??? A p&f chart paints all the boxes needed each box should be in this case 1$, Seems that if a colum is for 5 dollars instead of put five crosses, you can adjust using the number of boxes using this parameter.
-Required Percent to Draw a box: it seems this parameter don´t work and the chart is lead by the Abs reversal value you fix in the chart.
Am i misunderstanding somenthing?
thanks for your help
I followed this thread and never found a clear answer.
Standard P&F is to stat a new column with the opposite symbol (x,o) when price moves 3 boxes in opposite direction from prior close -- no matter how long that takes (days, weeks, etc.).
What I see, instead, however, is a second column of x or o beside the first one, extending the run in the same direction. This is not standard P&F behavior.
If Stock Finder cannot provide this standard, please say so clearly. Otherwise, please tell us how to achieve it with the parameters you are providing and define meaning of 50% (is that really 5.0% ?).
Thank you.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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retgood,
All of the questions asked by mdfalco were specific and all of the questions were answered both simply and directly in way that was understood by mdfalco.
QUOTE (retgood) Standard P&F is to stat a new column with the opposite symbol (x,o) when price moves 3 boxes in opposite direction from prior close -- no matter how long that takes (days, weeks, etc.).
...
If Stock Finder cannot provide this standard, please say so clearly.
QUOTE (Bruce_L) I do not know of a way to create Box based reversals....
To restate, StockFinder cannot start a new column "when price moves 3 boxes in opposite direction".
-Bruce
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Registered User
Joined: 2/11/2008
Posts: 17
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I take it Point and Figuring is NOT going to be supported??
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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No changes have been made to Point & Figure in StockFinder since my previous post.
-Bruce
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