Personally I use Volume Charts, which also have no time component, but imho show the supply/demand, cause/effect equation better than P&F.
When forced to use a Time Axis (most platforms do not support Volume chart) I find having Volume Profile assists in explaining swings/waves etc.
PS. I have no experience myself with P&F, but have had discussions with Motorway on another thread since January and feel the P&F analysis keeps unseen a considerable amount of the supply/demand picture which is visible using Volume charts and/or VSA methods on a Time axis chart
CVB will move much like P&F boxes
Almost exactly the same
But the P&F has enormous flexibility.
CVB and P&F Both are two dimension charts
HERE IS a Golden Pearl
On these charts a movement in the vertical has exactly the same meaning as the movement horizontal. Hence Cause is directly correlated with Effect
the P&F chart can use just X as a symbol because every X is the same price/volume unit and means the same across or up/down.
imo CVB are a way of drawing a P&F chart when the software can not draw them.
Again the time element becomes clear as the variable ( and key to many considerations )
It is easy to make up P&F charts and overlay them with CVB and CTB ( T=Time )
You will find how alike volume and Price move.
P&F chart because of its construction and special way it handles the signed order flow ( CVB handle the same way I think ). But esp construction allows everything to be zoomed into or out. In modifying BOX or changing reversal. What is very far apart can be brought together and connection become visible ( remove the empty spaces )
Or you can zoom right into the bursts of activity ( in a special way ) at the bid ask and all directly correlated though the time that is intrinsic.
Imagine you following a portfolio of stocks
you can have the one scale on a P&F and screen and manage the entire universe. ( the scale will be a type of logarithmic scale )
You can not to this with CVB so easily
You only need to define YOUR signal
The Intrinsic time will do the timing
eg ~ 4% Box size X 1 ( primary trend )
on say large cap on the US market would have multiple entries and holds on AAPL
while other charts crawl in comparison to NO WHERE.
The P&F used in this way can truly seem to ignore time and volume ( because it really isn't as explained above )
The only way to find out is to DO
Make up some charts
overlay time and Volume
You will see the relationships of time volume and price
VERY QUICKLY..
connection to the thread
VSA is connecting the user to a degree to this Intrinsic Time.
A guy who grasped this was the creator of MP
Only imo there is little to be gained collapsing the fluctuations into a BELL CURVE
or as was used ( and still ) 30 min slices of time.
The X on a P&F chart.. was called a Price/volume/Time UNIT
There is one important difference to a MP TPO... But
They are same species. That difference is Important
When looking at a 4% APPL chart ( go to Stockcharts )
Think about the Flipper
How it can Time ( without using time )
Of course Wyckoff grasped this as did some earlier and later.
Then until recently lost and on the sidelines, Now the Physicists are rediscovering it.
I would say to any beginner
start with P&F
then you will know what you are looking at when looking at any other method
( you will be looking with intrinsic time eyes )
Many will finish back with P&F and won't bother going anywhere again.
The thing is to make the charts up study and learn.
You really for a beginner do not need any software
a simple spreadsheet with manual entry can be a great leaning adventure
and extremely simple and very little time to maintain.
With AAPL Start from 31 dec 2006
4% select log select daily select High Low
Move the date gradually forward.
consider what I have said
every X and O has same meaning
consider how other stocks would have been behaving
From 2003 till the present ( some stocks entire history would be on the one screen shot = Intrinsic Time )
Motorway