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I use a box size that is 10% of the 3 day Average True Range, and a Reversal
size of 30% on my intraday charts. Those set up as indicators on a daily chart
and I adjust my box size accordingly.
There is a great little P&F shareware program for 20.00 dollars US at
http://www.pipeline.com/~ez-pnf/ezpnf22u.htm
as well as some links to other P&F sites. The demo is fully functional, but
won't save the user settings to data paths. It won't save charts after you draw
trend lines so I save the as .jpgs with my graphics program. I have been using
it quite a bit recently.
"The darkest hour in any man's life is when he sits down to plan
how to get money without earning it"
Sentinel Trading
rjbiii@xxxxxxxxx
____________________Reply Separator____________________
Subject: GEN: What P&F Box Sizes?
Author: owner-realtraders@xxxxxxxxxxxxxx
Date: 2/5/99 11:31 AM
Could someone please give me an idea of the correct box sizes for P&F
boxes. Not in fractions, I trade on the Australian market in dollars and
cents. I mainly trade in Gold shares where the market price range is
from say 10c to $5. For example if you were plotting a stock that has an
extreme range let's say of $2.50 to 10c what box size would you use?
I also trade SPI FUTURES (SnP equivalent in Australia), currently it's
trading in the 2900's and a range of 40 points a day is not uncommon at
the moment. What box size would you use in that market.
I know the box size makes a lot of difference as I've tried a few with
just a few cents difference and suddenly a double bottom appears where
one wasn't before.
I've tried posting something at the dorseywright.com forum, but it
appears they don't let someone on a two week trial post messages.
As you might have guessed I've only just started looking at P&F, but
from all the TA I've investigated, this method seems very promising.
Thanking anyone in anticipation.
Rob
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