Malaysia

2025-04-28 13:22

IndustryConstruction of Point and Figure Charts:
#CurrencyPairPrediction Construction of Point and Figure Charts: These charts are built with columns of Xs representing rising prices and columns of Os indicating falling prices. The process begins by defining a "box size," which is a specific price increment. For every upward movement equal to the box size, an X is added to the current column. Conversely, for every downward movement of the same magnitude, an O is added to its column. Crucially, a new column is only initiated when the price reverses direction by a predetermined multiple of the box size, known as the "reversal criteria" (commonly 3 times the box size). For instance, if the price has been rising (forming a column of Xs), a new column of Os will only start once the price drops by at least three box sizes. This mechanism ensures that minor price oscillations are ignored, and only substantial directional shifts are recorded, providing a clear visual representation of significant price trends without the influence of time.
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Construction of Point and Figure Charts:
Malaysia | 2025-04-28 13:22
#CurrencyPairPrediction Construction of Point and Figure Charts: These charts are built with columns of Xs representing rising prices and columns of Os indicating falling prices. The process begins by defining a "box size," which is a specific price increment. For every upward movement equal to the box size, an X is added to the current column. Conversely, for every downward movement of the same magnitude, an O is added to its column. Crucially, a new column is only initiated when the price reverses direction by a predetermined multiple of the box size, known as the "reversal criteria" (commonly 3 times the box size). For instance, if the price has been rising (forming a column of Xs), a new column of Os will only start once the price drops by at least three box sizes. This mechanism ensures that minor price oscillations are ignored, and only substantial directional shifts are recorded, providing a clear visual representation of significant price trends without the influence of time.
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