|
Chartists can overlay four indicators on Point & Figure charts at StockCharts.com. These overlays, which include trend lines, moving averages, Bollinger Bands and Price-by-volume, can be added by using the dropdown menu under the P&F chart. P&F moving averages are based on the average price of each column. A 1-period SMA offers an easy and straightforward example. An X-Column extending from 141 to 151 would have a 1-period SMA equal to 146 [(141 + 151)/2 = 146]. The blue line in the chart below shows the 1-period SMA for SPY.
Click this image for a live chart.
The red line shows a 10-period SMA and the green line shows a 20-period SMA. A 10-period SMA is the average price of the last 10 columns, which is marked by the green box. A 20-period SMA is the average price for the last 20 columns, which is marked by the red box. See our ChartSchool article for detailed information on these indicators.
Click this image for a live chart.
The red line shows a 10-period SMA and the green line shows a 20-period SMA. A 10-period SMA is the average price of the last 10 columns, which is marked by the green box. A 20-period SMA is the average price for the last 20 columns, which is marked by the red box. See our ChartSchool article for detailed information on these indicators.
