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:
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—Mother Teresa (b. 1910)
“We’ve got to figure these things a little bit different than most people. Y’know, there’s something about going out in a plane that beats any other way.... A guy that washes out at the controls of his own ship, well, he goes down doing the thing that he loved the best. It seems to me that that’s a very special way to die.”
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—Eleanor Roosevelt (1884–1962)