45 Degree Trend Lines
Because point and figure charts are plotted on squared paper, 45 degree lines may be used to define up trends and down trends from important highs and lows on the chart allowing objective analysis of trends.
Read more about this topic: Point And Figure Chart
Famous quotes containing the words degree and/or lines:
“His poor, crazy, deformed body was a mere Pandora’s box, containing all the physical ills that ever afflicted humanity. This, perhaps, whetted the edge of his satire, and may in some degree excuse it.”
—Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)
“Scholars and artists thrown together are often annoyed at the puzzle of where they differ. Both work from knowledge; but I suspect they differ most importantly in the way their knowledge is come by. Scholars get theirs with conscientious thoroughness along projected lines of logic; poets theirs cavalierly and as it happens in and out of books. They stick to nothing deliberately, but let what will stick to them like burrs where they walk in the fields.”
—Robert Frost (1874–1963)