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:
“There could be no fairer destiny for any physical theory than that it should point the way to a more comprehensive theory in which it lives on as a limiting case.”
—Albert Einstein (1879–1955)
“A homely face and no figure have aided many women heavenward.”
—Minna Antrim (1861–?)
“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 (1884–1962)