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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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About the Author

Jeremy du Plessis

Jeremy trained as an automotive engineer, then an economist, but gave them both up to become a Technical Analyst. In 1983 he founded Indexia Research and pioneered the development of PC based technical analysis software with the Indexia range of technical analysis systems. During the 1980s he developed a number of technical tools and indicators under the banner of Indexia, which are still used in ... Read more on Jeremy du Plessis

Contents Listing

About the Author
Preface
Introduction
Which Instruments Work Best with Point and Figure?
Point and Figure Terminology
Structure of this Book
Technical Analysis Software and Data
Acknowledgements and Thanks

1. Quick Refresher on Point and Figure

2. 21st Century Construction
Introduction
20th Century Box Sizes
21st Century Box Sizes
Box Sizes based on Volatility
Box Size based on Standard Deviation
Box size based on Average True Range (ATR)
Box Sizes Based On Other Formulas
21st Century Construction Methods
Low/High Method
Open/high/low/close method
Summary of 21st Century Construction Methods

3. Moving averages on Point and Figure Charts
Introduction
Constructing a Moving Average on a Point and Figure chart
Moving Averages and the Last Column
What are Moving Averages Used For?
How to use moving averages on Point and Figure charts
What constitutes a cross of a moving average?
Using Moving averages on 3-box reversal charts
Method 1 â?? Using the position of moving average with Point and Figure signals
Method 2 â?? Using the position of the column midpoint and the moving average
Method 3 â?? Using the position of the column midpoint and moving average combined with

Point and Figure signals
Using Moving averages on 1-box reversal charts
Method 1 â?? Using the moving average in conjunction with Point and Figure signals
Method 2 â?? Using the position of the column midpoint and the moving average
Method 3 â?? Using the position of the column midpoint and moving average combined with Point and Figure signals
Using Two Moving Averages on Point and Figure
Long / Short
Using Moving averages on other box reversal charts
Choosing Moving Average Lengths
Close, High/Low, Low/High or Ohlc Construction
Moving Average Calculations
Moving Average Chart Examples
3-Box Reversal
Adding Moving Average Bands
1-Box Reversal
The 4th Method
Summary of Moving Averages on Point and Figure charts

4. Using Other Tools on Point and Figure Charts
Introduction
Donchian Channels
Obtaining Buy and Sell Signals using Donchian Channels
Bollinger Bands
Obtaining Buy and Sell Signals using Bollinger Bands
Parabolic Stop and Reverse (SAR)
Using the Parabolic with 3-box reversal charts
Method 1 â?? Using the Switch of the Parabolic as the Signal
Method 2 â?? Using the Parabolic switch as the alert to take the next Point and Figure signal
Method 3 â?? Using the midpoint of the Column Crossing the Parabolic
Using the Parabolic with 1-box reversal charts
Method 1 â?? Using the Switch of the Parabolic as the Signal
Method 2 â?? Using the Parabolic switch as the alert to take the next Point and Figure signal
Method 3 â?? Using the midpoint of the Column Crossing the Parabolic
Other ways of using the Parabolic
Parabolic Acceleration Factor
Summary

5. Indicators of Point and Figure Charts
Introduction
Understanding Divergence
Displaying Indicators with Point and Figure Charts
Overbought/Oversold Oscillator (OBOS)
Moving Average Convergence/Divergence (MACD)
Relative Strength Index (RSI)
Directional Movement
Indexia Market Tracker
Summary

6. Volume on Point and Figure charts
Introduction
Column Volume
On-Balance Volume (OBV)
Volume-Price Trend (VPT)
Volume at Price
A Note on Price Level Activity
Summary

7. New Point and Figure Based Tools and Indicators
Introduction
Point & Figure Trend Oscillator
Point and Figureâ??s Gift to Time-based Charts
Point & Figure Trend Oscillator for Time-based Charts
45° Trend Lines on Time-based Charts
Point and Figure Reversal Alert
Summary

8. Advanced Analysis of Relative Strength & Spreads
Relative Strength
A Note About Relative Strength Scaling
Using Advanced Techniques on Relative Strength
Spreads
Using Advanced Techniques on Spread
Summary

9. 21st Century Market Breadth
Analysing Percentage Market Breadth Charts
20th Century Market Breadth
21st Century Market Breadth
X-Column Percent
Bullish Trend Percent
Using Breadth Indicators together
Adjusting Your Time Horizon
Summary

10. Conclusion

11. References and Further Reading

12. Index
About the Author
Preface
Introduction
Which Instruments Work Best with Point and Figure?
Point and Figure Terminology
Structure of this Book
Technical Analysis Software and Data
Acknowledgements and Thanks

1. Quick Refresher on Point and Figure

2. 21st Century Construction
Introduction
20th Century Box Sizes
21st Century Box Sizes
Box Sizes based on Volatility
Box Size based on Standard Deviatio ...

Jacket Text

Advancing Point and Figure in the 21st Century

Point and Figure has been around for over 130 years and the method is just as essential for chart analysis today as it always has been. While the basic principles of the technique have remained unchanged, those working with Point and Figure must still push the boundaries of how it is used, looking to make it even more insightful and powerful. This is exactly what Jeremy du Plessis has achieved with 21st Century Point and Figure.

Previously, it was thought that the lack of time on Point and Figure charts meant that time-based tools and indicators could not be used, and lack of volume meant that the importance of individual columns could not be determined. Jeremy du Plessis shows definitively that neither is the case and that with the use of lateral thinking there are also a host of other new techniques that can be added to Point and Figure charts and analysis.

In this advanced practical guide, du Plessis explains:

- How to use moving averages, Bollinger bands, Donchian channels and parabolic stop and reverse with Point and Figure charts.
- How time-based indicators such as overbought/oversold, RSI, directional movement and MACD can be used with Point and Figure charts.
- How column volume can be used to assess a column's strength and how volume at box level can be used to assess support and resistance areas.
- How traditional accumulation distribution lines, such as on-balance volume and volume-price trend, can be used to enhance the reading of the chart.
- How the analysis of relative strength and spreads can be enhanced using these new techniques.
- Two new Point and Figure based market breadth indicators.

Finally, he introduces a new Point and Figure based oscillator that can also be used on time-based charts.

All topics are illustrated with numerous high-quality, full colour charts and observations from years of trading experience.

The techniques described here open up a whole world of new and advanced analysis tools. You will see that there is more to Point and Figure than you ever imagined, and that it is more flexible than has ever been realised before. If you employ Point and Figure analysis, ensure you don't miss out on these powerful new techniques - be sure to bring your analysis into the 21st century.

Professional Reviews

"Jeremy du Plessis' new techniques will truly revolutionise this method of charting, dragging it kicking and screaming into the new century." - Nicole Elliott, STA

"Jeremy du Plessis has once again taken Point and Figure charting (P&F) to a new level. He has continued from where his first book (The Definitive Guide...) left off, by showing how pretty much any technical indicator can now be plotted on a P&F chart. This ranges from oscillators, moving averages, price bands/Donchian channels, and now even volume. But with one added benefit - when these traditional indicators are combined with P&F buy/sell signals for confirmation, it increases their effectiveness, resulting in fewer false signals (whipsaws). This in itself is a huge advantage. I particularly like his new breadth indicators that are unique to Point and Figure, which now further increase the effectiveness of P&F charts. Mr du Plessis has taken Point & Figure from a well-respected method of charting prices, and turned it into stand-alone branch of technical analysis." - Colin Abrams, CMT, TheMarket.co.za

"Mr du Plessis has taken traditional Point and Figure charts and successfully integrated key momentum indicators, volume and other commonly used tools, bringing Point and Figure analysis into the 21st century. As a market technician who has used Point and Figure for 20 years, I strongly believe that there is no better time to educate yourself on these updated approaches, first to better navigate the 'noise' that is bound to persist in all types of markets, and second to be able to effectively expand your horizons of market observation across the globe. With such high reliability, and a uniquely objective and quantifiable nature, there is no charting technique like Point and Figure, and this book can guide you to mastery of it." - Craig Johnson, CFA, CMT / Senior Technical Market Strategist, Piper Jaffray / President, Market Technicians Association

"Du Plessis brings Point and Figure into the modern era with new insights and innovation to enhance this time-proven technique. This work is invaluable to the serious chartist and highly recommended for the professional tasked with forecasting price targets or establishing risk management strategy. It pushes the envelope for Point and Figure enthusiasts to help them use their skill in new ways." - Gordon Scott, Managing Director, CMT Program, Market Technicians Association

"Jeremy du Plessis has been teaching Point and Figure charting on the Society of Technical Analysts (STA) Diploma Courses for nearly a quarter of a century. In 2005 he decided to write The Definite Guide to Point and Figure: A Comprehensive Guide to the Theory and Practical Use of the Point and Figure Charting Method, which has been on the STA's reading list ever since. His new book, 21st Century Point and Figure, takes Point and Figure charting to a whole new level. It expands on his first book and includes invaluable new techniques, such as advanced analysis of relative strength and spreads, market breadth and indicators on Point and Figure charts, to name but a few. The STA is pleased to add 21st Century Point and Figure to its Diploma Course reading list." - Axel Rudolph, Chairman of the Society of Technical Analysts

"Once again Jeremy du Plessis has pushed the boundaries of Point and Figure charting by applying moving averages and Bollinger Bands in unique ways to the chart. His application of time based indicators makes the Point and Figure chart even more relevant to today's traders and investors." - Bruce M. Kamich, CMT, Adjunct Professor of Finance at Baruch College / Past President of the Market Technicians Association and the Market Technicians Association Educational Foundation

"An expert in Point and Figure technique, Mr. du Plessis is well qualified to take Point and Figure into the 21st century. Although it touches on the background of Point and Figure, this is a more advanced book, full of practical information. Picking up where The Definitive Guide to Point and Figure left off, Mr du Plessis explains a variety innovative techniques that truly do bring Point and Figure into the modern age." - Ken Tower, CMT

"Jeremy Du Plessis is probably the leading expert on Point and Figure charts. His earlier book, 'The Definitive Guide to Point and Figure', is the premier resource for anyone wishing to learn about this underused charting technique...As with the earlier book the text and charts are immaculately presented with numerous examples across all asset classes. They also benefit from Du Plessis's clear and unfussy style in explaining the various techniques and trade set-ups. This is a publication of real value and should be required reading for all technical traders, investors and analysts who are serious about expanding their understanding of technical analysis." - Jim Biss, The Technical Analyst

"This book provides a number of new tools for P&F analysts and truly does bring this technique into the modern era." - Mike Carr, editor, MTA's newsletter 'Technically Speaking'


Other books by this author

Cover of The Definitive Guide to Point and Figure by Jeremy du Plessis
The Definitive Guide to Point and Figure
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Media Coverage

Stocks & Commodities

From the author of The De- finitive Guide To Point And Figure, this book seeks to bring point & figure chart- ing into the modern age.

Point & figure has been around for more than 130 years; while ...

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MTA Technically Speaking

Point and Figure (P&F) is one of the oldest tools of technical analysis. It?s been used since at least the 1880s yet the technique works just as well today as it did 130 years ago. The basics of P&F ...

Read more

The Technical Analyst

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

Published by Harriman House.

Jeremy Du Plessis, head of technical analysis and ...

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Futures Magazine

Plessis previously authored The Definitive Guide to Point and Figure Charts which is a 514-page comprehensive review of the subject matter. This book adds a handful of technical indicators to the ...

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