MY STYLE - BLOG
I extensively use both Kagi and Point and Figure methods for my trading. The visual simplicity of Kagi has always been something that I like. However, the method doesnt provide the best way to detect changes in trend other than the usual Kagi reversal definition.
Its a known fact that Kagi,Renko and Point and Figure methods use the same underlying theory, but represent the data differently. By using Point and Figure theory, its easy to incorporate the 45 degree auto generated trend lines in Kagi charts. While Kagi charts already remove trend noise to a large extent, combining these with Point and Figure method of trend lines, produces amazingly simple and easy to interpret charts.
See the example of BankNifty point and figure and Kagi charts with PnF style trend lines in the attached screenshots. First is the Point and Figure chart and below it the same data in Kagi with trend lines.
Abnash Singh, Am a Trader helping small traders to realize their dreams.