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21st Century Point and Figure: New and Advanced Techniques for Using Point and Figure Charts by Jeremy du Plessis

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Chapter Four. Using Other Tools on Point and Figure Charts

Introduction

In addition to moving averages and moving average bands covered in the previous chapter, other calculated lines may be drawn and used on Point and Figure charts. In this chapter the use of Donchian channels, Bollinger bands and Parabolic SAR is explained. Although some of these were introduced in The Definitive Guide to Point and Figure, they are very much 21st century techniques and therefore they are included here.

Bollinger bands stem from the moving average calculation already covered in the previous chapter, Parabolic SAR is not related to moving averages at all, but acts in a similar way, and Donchian channels mark the chart with automatic levels based on column highs ...

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