http://www.bullcharts.com.au/forum/ This is an XML content feed of; BullCharts : Tips and Tricks : Advanced charts on normal time Copyright (c) 2006-2009 Web Wiz Forums - All Rights Reserved. Sat, 18 Apr 2026 15:09:50 +0000 Mon, 29 Nov 2004 11:48:45 +0000 http://blogs.law.harvard.edu/tech/rss Web Wiz Forums 9.69 360 www.bullcharts.com.au/forum/RSS_post_feed.asp?TID=64 http://www.bullcharts.com.au/forum/http://www.bullcharts.com.au/images/bull_logo.gif http://www.bullcharts.com.au/forum/ http://www.bullcharts.com.au/forum/forum_posts.asp?TID=64&PID=246#246 Author: Peter
Subject: 64
Posted: 29 Nov 2004 at 11:48am

BullCharts provides several advanced chart types including: Point andFigure, Gann Swing, Kagi, and Renko (to name a few) that provide aunique picture of the price history. Specifically they examine trendsin price without respect to time.

These can be accessed from the chart type dropdown:

Fig. 1 - Accessing advanced chart types

These chart types plot data from left to right, however the time axisdoes not show consistent time intervals. Rather, the charts advance inresponse to events such as trend changes.


Fig. 2 - A typical Point & Figure chart

This unusual treatment of time can give insight into the behaviour of asecurity, however some may find it difficult to get used to at first.To assist in becoming familiar with these tools, BullCharts has a modethat will allow these indicators to be presented over a conventionalbar chart.

Follow these steps:

1. Create a new chart
2. Change its chart type to point and figure
3. Right click on the point and figure plot and select properties
4. Tick "overlay price plot". The "use normal time" option will also automatically get ticked.
5. You may also want to change the Box Size setting in the Parameters tab to a round number.
   
6. Press OK

The time axis will be stretched out and the individual Point &Figure crosses will be placed against the days on which they occurred.This can be used to better understand how the chart works. Figure 3shows how the three columns labelled in figure 2 were generated.


Fig. 3 - Point & Figure overlayed on price

The two options behave as follows:
"Overlay price plot" - this causes the bar chart to be drawn inaddition to the point and figure plot. You can later select this plotand change it to candles if you like.
"Use normal time" - this prevents the point and figure from making its adjustments to the time axis.

It is possible to tick either option without the other, however theywould almost always be used together. (Specifically if you select onlythe first then the price plot will appear crowded and will draw overitself).

For more information on the creation or interpretation of individualchart types, there is a great deal of literature available both onlineand in books.





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