Point and Figure Charting Guide
Point and Figure charting differs from other charting techniques by the fact that it only requires price for analysis, not time. It is also plotted differently by using columns and rows using price movement only.
Point and Figure was developed towards the end of the nineteenth century. This new form of charting was referred to as the "book method". The book method was applied by entering the actually prices into the rows and columns however this proved to be not very popular since it was time consuming to enter the entire price. It was upgraded by the early twentieth century into point and figure. Unlike the book method, point and figure uses the symbol X or O to describe the price movement rather than writing the entire price into the field.
[More...]
Point and Figure Charting
Linear Mode
