{"product_id":"v07-c12-gannpf-pdf","title":"V.7:12 (449-452): Gann analysis on point and figure charts by Douglas Arend","description":"Gann analysis on point and figure charts\nby Douglas Arend\u003cbr\u003e\u003cbr\u003eOf the many analytical techniques attributed to W.D. Gann, perhaps none is more widely followed\nthan the so-called geometric angles. Although applied generally to historical and intraday bar charts, this\nmethod also can be used with point and figure or, as they are sometimes called, reversal charts. In this\ncase, the emphasis is on price alone rather than the combination of price and time.\u003cbr\u003e\u003cbr\u003eP\u0026amp;F basics\u003cbr\u003e\u003cbr\u003eConstructing daily point and figure (P\u0026amp;F) charts starts by determining the scale of the box (number of\nprice ticks per square) and reversal (number of boxes necessary to change from advancing to declining).\nUsing these parameters, plot only price changes that are greater than or equal to the box size and\ndisregard movements of lesser amounts. Advances are indicated by columns of Xs and declines by Os.\nAlthough this technique also can record intraday price changes, I am focusing here on daily movements.\u003cbr\u003e\u003cbr\u003eIf prices have been advancing lately then a column of Xs is building. At the conclusion of each day\nrecord increases of at least the box size by adding the appropriate number of Xs in progressively higher\nboxes within the current column. If prices do not increase by one box size or more and, instead, decline\nby at least the reversal amount, move one column to the right and begin charting Os in the same manner,\nbeginning one square below the highest X in the preceding column and moving progressively lower.\nContinue to record price changes in this way, ignoring movements of less than the box size and intraday\nfluctuations.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133882626417,"sku":"\\V07\\C12\\GANNPF.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_b5f57ad0-c199-4495-8825-704c61fd0e57.jpg?v=1739655219","url":"https:\/\/shop.traders.com\/products\/v07-c12-gannpf-pdf","provider":"Stocks \u0026 Commodities","version":"1.0","type":"link"}