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Hi Nick
It is always good to hear from someone who is interested in P &
F....as many of my friends ONLY use this most of the time and with
uncanny accuracy...
I checked couple of securities using 1 box reversal count...now this
is where the difference between boys and men will be obvious...the
difference was obvious with metastock and TA...
In P & F charts the trendlines are drawn at 45 degrees and it is
very specific the way it is drawn...that is missing in metastock...
vertical and horizontal counts are available in TA but not in
metastock....these counts are the most basic requirement of P & F as
that is all what the charting is about i.e the projectile
value...otherwise what do you do with P & F charts...???
For serious user of P & F metastock is not the right tool...however
one thing i have been lookng at is to see if there is a way to
programme pattern recognition in metastock P & F charts....like
double top reversal, double top continuation...etc etc as listed in
Kermit Zeig's and Carroll D Aby Jr's books...Have not been too
sucessful so far...
TA's P & F will be the most accurate charts that will be avilable on
any programme as Jeremy is an authority on the subject and a
perfectionist...So TA is a must for P & F...metastock for possible
pattern recognition programming if possible.
However once masterered you can scan through 100 charts in few mins
as only think you are looking for is the patterns....times occuring
and times profitable...i.e pattern B7 in Kermit Zeig's book occurs
3.9% of times and is 92% of times profitable...!!!
Hope this answers the quesries...although i consider myself
as 'moron' when it comes to P & F as it is a vast subject...
regards
anil
--- In Metastockusers@xxxx, "Nick Channon" <channon1@xxxx> wrote:
> Hi Anil,
>
> I was interested in your comments (below) about P&F charting and
the
> Indexia/Technical Analyst software - so I'm running the free trial
on it.
> However, so far I cannot see much difference in the charts in
comparison to
> Metastock, except for as you say the vertical/horizontal counts.
It does not
> seem to include pattern recognition on P&F charts.
>
> Could you kindly tell me some of the differences? I am genuinely
interested,
> since I want to learn more about P&F charting in general.
>
> Many thanks,
> Nick
>
>
> ----- Original Message -----
> From: "anilkeshavji" <anilkeshavji@xxxx>
> To: <Metastockusers@xxxx>
> Sent: Sunday, November 03, 2002 10:20 AM
> Subject: [Metastockusers] Re: Bugs in Metastock Ver 8.0 EOD
>
>
> > Ong Hock Choon
> >
> > It is fist time on this site anyone has mentione point & figure
> > charting for as long as i have followed it...I use this charting
> > most of the time...and use everything else sparingly and to
confirm
> > etc...
> >
> > if you can master p & f then that is the only thing you need to
> > trade...nothing comes near it...
> >
> > although i have not tested thoroughly...I compared the P & F
charts
> > with another programme i use - Indexia and Technical
Analyst....both
> > written by a CMT in London called jeremy Du Plessis....he is an
> > authority on point & figure charting techniques...and i found
that
> > there was an error in patterns...indexia and technical analyst
are
> > probably only the accurate charting for p &f that is
avilable...box
> > setting of 1 is also possible with that
> >
> > Unfortunately p& f in metastock is just a gimmick....they could
have
> > included vertical and horizontal counts and better trendline
> > facility....pattern recognition etc...like candle charts
> >
> > i wonder if anyone on this site uses p & f charting?????..
> >
> > it would be useful to know if anyone has solved the vertical and
> > horizontal count feature in metastock???
> >
> > regards
> >
> > anil
> >
> >
> >
> > --- In Metastockusers@xxxx, Ong Hock Choon <hcong168@xxxx> wrote:
> > > Hi,
> > >
> > > I had discovered these bugs in Metastock:
> > >
> > > 1. P&F chart cannot display when price is lower than $1. This
> > problem
> > > does not happen when charting price above $1. After much
exchange
> > of
> > > email with their tech support, Equis had acknowledged this is a
> > bug in
> > > the software.
> > >
> > > 2. Custom Tool Bar display problem. When custom tool bar
consist
> > of all
> > > template icons and when you first start up Metastock without
> > opening any
> > > chart, it will not only shrink itself but all other tool bar on
> > the same
> > > vertical or horizontal edge to the extend that it cannot be
click.
> > > Display will become proper once you open a chart, and will
stay in
> > this
> > > proper manner even after the chart is closed.
> > >
> > > Equis tech support claims that this is the way Metastock is
> > designed to
> > > work. (ya, great consistency and great improvement from
previous
> > > version)
> > >
> > > What make me more up set is: I had reported these bugs and at
> > first the
> > > tech support claimed that they have "tested both issues I
reported
> > and
> > > it worked perfectly in their MetaStock 8.0". Instead of
admitting
> > they
> > > ask me to do many other things. Only after much exchange and
> > sending
> > > them many screen shots, then they admit that the P&F problem
is a
> > bug,
> > > and claim that the custom tool bar is the way Metastock is
design
> > to
> > > work.
> > >
> > > I wonder anyone has similar experience in dealing with Equis
tech
> > > support?
> > > --
> > >
> > > Regards.
> > >
> > > Ong Hock Choon
> > > hcong168@xxxx
> >
> >
> > To unsubscribe from this group, send an email to:
> > Metastockusers-unsubscribe@xxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> >
> >
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