Point and Figure Charts are charts that contain columns of X's and O's on a grid of square boxes. Columns of X's alternate with columns of O's. The X's represent a period of rising prices and the O's represent a period of falling prices.
For details on how P&F Charts are constructed and how they are interpreted, please see our ChartSchool article on P&F Charting.
For more information on how P&F Price Objective are calculated and used correctly, please see our ChartSchool article on Price Objectives.
For more information on the P&F chart patterns that we automatically detect on our P&F charts, please see our ChartSchool article on P&F Pattern Alerts.
Similar to SharpCharts, you can create a P&F chart for any ticker symbol in our database by using the “Create a Chart” bar at the top of any of our web pages. First, change the dropdown from “SharpChart” to “P&F Chart”, then enter the ticker symbol you wish to chart, then press the “Go” button.
You can also create a P&F Chart by clicking on the “Point & Figure Chart” link at the bottom of the SharpCharts Workbench.
You can also create a P&F Chart by clicking on the “P&F” icon located on most of our report pages - i.e. Market Summary, Sector Summary, etc. - and on our Scan Results pages.
Finally, you can also click on the “Free Charts” tab at the top of any page and then enter a ticker symbol into the “Point & Figure Charts” section of that page.
Once the P&F Workbench appears, you can change the settings for the chart just like you do on the SharpCharts Workbench. At the top of the P&F Workbench, you can specify the Ticker Symbol that you want to chart and then press “Update” (or the Enter key) to see the new chart.
Below the chart, you can change several Chart Attributes - i.e. settings that affect the entire chart. These include:
The Chart Scale section allows you to change the conditions which cause reversals on the P&F chart. Please see our ChartSchool article on P&F Scaling and Timeframes for details on these settings.
The Scaling Method dropdown allows you to change the way point sizes are chosen along the vertical scale of the chart. Here are the choices:
|Price Range||Box Size|
|0.25 to 1.00||0.125|
|1.00 to 5.00||0.25|
|5.00 to 20.00||0.50|
|20.00 to 100||1.00|
|100 to 200||2.00|
|200 to 500||4.00|
|500 to 1,000||5.00|
|1,000 to 25,000||50.00|
|25,000 and up||500.00|
The Reversal box allows you to specify how many boxes are required to be filled before the chart reverses.
The Scale Factor box allows you to divide the vertical scale by a fixed number (ex. 10 or 100) in order to use the traditional scaling rules on datasets with large values.
The Decimal Places box lets you control the number of decimal places that appear on the vertical scale.
The Price Objective dropdown lets you select which calculation method you'd like to use for the chart's price objective. Price Objectives can be easily misused! Please read our ChartSchool article on Price Objectives carefully before evaluating them.
The End Date setting lets you create a P&F chart that ends prior to the current date.
The Wide Chart checkbox lets you create a P&F chart that includes more historical data than normal.
There are several technical overlays that you can add to a Point & Figure chart using the dropdowns and parameter boxes in this section.