PnF chart Absolute Settings

[Amit Modha-1696060989323]

Following are the PnF charts setting for absolute

Stocks

Time Frame Daily & High Low method 3 Box reversal.

stock Rs range : Box Size

1-99 : 1
100-199 : 2
200- 299 : 4
301- 999 : 10
1000- 4999: 50

Index
Index : box size

Nifty 50 : 100
Bank Nifty: 200
Sensex : 500

Option
Option price: Box size

1- 50: 3
50-99: 5
100-300 : 10

Currently Absolute PnF chart setting by default is 10 for stock price if less than 200.

You are requested to apply the above setting to the PnF absolute in the Daily time frame with High & Low method. You will observed seen noiseless chart currently when we log in by default setting 0.25% x3.

Advantage

1. Advantages of above settings are its truely noiseless due to that volatility are reduced.
2. Its shows a clear Buy or Sell signal on the chart . It provides trailing stop loss and When sell signal is generated you can exit.
3. Based on Daily time frame you can easily find the breath of all stocks using a scanner.