Point & Figure

Description

A point and figure chart is used for technical analysis. Unlike most other investment charts, point and figure charts do not present a linear representation of time. Instead, they show trends in price. The aim of point and figure charting is to filter out the "noise" (unimportant price movement) and focus on the main direction of the price trend.

There are two typical ways to plot point and figure charts - using closing prices, or with high/low prices

How to access

•Right-click on a symbol in a Market Window, Composite Window or a Market Page and select Chart | Intraday Point & Figure or Chart | Historical Point & Figure

Menu and Settings

To draw a line, change the box-size, add trend-lines etc, use the right click menu which presents the following options:

•Draw Lines

•Draw signals

•Box scale

•Percentage scale

•Graph font size

•Print

•Edit colors

•Configure PaF chart

•Parameters

•Hide buttons and extra information

•Help