Point And Figure Chart
Point and figure (P&F) is a charting technique used in technical analysis. Point and figure charting is unique in that it does not plot price against time as all other techniques do. Instead it plots price against changes in direction by plotting a column of Xs as the price rises and a column of Os as the price falls.
Read more about Point And Figure Chart: History, How To Draw, 45 Degree Trend Lines, Price Targets, Computerization
Famous quotes containing the words point, figure and/or chart:
“At some point in life the worlds beauty becomes enough. You dont need to photograph, paint or even remember it. It is enough.”
—Toni Morrison (b. 1931)
“If the education and studies of children were suited to their inclinations and capacities, many would be made useful members of society that otherwise would make no figure in it.”
—Samuel Richardson (16891761)
“Perhaps in His wisdom the Almighty is trying to show us that a leader may chart the way, may point out the road to lasting peace, but that many leaders and many peoples must do the building.”
—Eleanor Roosevelt (18841962)