not sure if this was mentioned on this thread but i stumbled across http://www.xocharts.com/ ... it draws the p&f on excel, data is free, you get it off yahoo, just input the symbol proper....naturally, it's good only for eod analysis...
It is a great advantage to have time taken out of a chart. PNF does this for you. While time is unimportant in determining price direction, time is critically important from a swing trading stand point. You may know the direction, but if it takes 6 months to get there you may not want to make that swing trade. Most commercial packages do not display any time reference in each column. If a new X or 0 is entered in a column, and it is the first time we have placed a new x or o in a column for that month we should replace that x or o with the month number. An example chart is below.
Now here is an example of what I am talking about. Sybase symbol SY This is a great chart, and it may be a great long term hold, but it sure isn't a good swing trade right now. We are at the end of March and this stock hasn't even added an x to the new column it made in January. If you look at previous columns you see an A and B in columns but not a C. That means we had a whole month of no significant movement.
Welcome to the thread. Just pnf and trendlines for daytrading futures. On swing trading I add relative strength comparisons.
If this column makes it to 1343 we now have a potential bullish catapult. edit never made it so basically we have nothing.