other-tools:pnf-charts

P&F Charts

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.

Here is an example of a Point and Figure chart:

Creating P&F Charts

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.

Using The P&F Workbench

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.

Above the Chart

Above the P&F Chart you will find controls for setting the ticker symbol and the data bar period. If you are a StockCharts member, you will also see controls for saving your chart and for retrieving previously saved charts. All of these controls work just like they do on the SharpCharts workbench.

Immediately below the chart is a line of “Action Links” that allow you to perform a variety of actions:

  • Print - creates a printable version of the P&F Chart
  • Share - lets you share your P&F Chart in a variety of ways including email and social media sites
  • Linkable Version - creates a link that you can then bookmark, send to friends, etc.
  • Past Data - allows members to see the underlying data that was used to create the chart
  • Instructions - takes you to this page
  • Report Problems - allows you to send a problem report to the StockCharts Support team

The ChartStyles Area

ChartStyles are templates - collections of settings - for charts. Once you have a ChartStyle, you can apply it to any ticker symbol to create a chart that uses those settings.

Currently, the P&F Workbench does not support Custom ChartStyles and StyleButtons like the SharpCharts Workbench does. The P&F Workbench's ChartStyles are “predefined” and cannot be changed. StyleButtons are not supported at all.

Predefined ChartStyles

Our Predefined P&F ChartStyles can be accessed via the ChartStyles dropdown. Just select the style you want and it will immediately be applied to the current chart.

The Default P&F ChartStyle

Whenever a new chart is created from just a ticker symbol - for example when you use the “Create a Chart” bar to create a new P&F Chart - we apply the “Default” P&F settings to that ticker symbol. You can change those settings if you want by clicking on the “Save As Default” link.

Note: Your Default P&F settings are stored in a special “cookie” inside your web browser.

Chart Attributes

Below the chart, you can change several Chart Attributes - i.e. settings that affect the entire chart. These include:

  • Period - the period of the bars used in creating the P&F Chart.
  • Duration - the date that the chart ends on. Set “End Date” value to “today” to have the chart continually update.
  • Type - either “High/Low” or “Close Only.”
  • Size - the width of the chart (in pixels).
  • Color Scheme - the colors used to draw the chart.
  • Price Objective - enables the display of Price Objectives on the chart.
  • Volume - enables a volume histogram at the bottom of the chart.
  • Decimal - controls the number of decimal points on the vertical axis.
  • Scale Factor - multiplies price data by the selected amount before creating the chart.
  • Color Columns - colors up columns black and down columns red.
Note: P&F Price Objectives (also called “P&F Counts”) can be enabled using the “Price Objectives” dropdown. Please note that Price Objectives are often misunderstood. Please read our ChartSchool article on Price Objectives carefully before evaluating them.

Chart Scaling

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 choosing these settings.)

The Method dropdown allows you to select the scaling method you want to use. Depending on the scaling method selected, one or more parameter boxes will appear to the right of the dropdown.

Here are scaling methods we support:

  • Traditional scaling uses a pre-defined table of price ranges to determine what the box size should be. The table was originally created by the people at “ChartCraft” and later popularized by Tom Dorsey in his book ”Point & Figure Charting.”
Price Range Box Size
Under 0.25 0.0625
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
  • Percentage scaling (also called “Logarithmic” scaling) uses box sizes that are a fixed percentage of the stock's price. For example, if a chart used 5% scaling and the stock's price is $100, the box size for that part of the chart will be $5.00.
  • Dynamic (ATR) scaling uses a box size determined by the daily Average True Range value for the chart. This setting automatically creates an “interesting” looking chart however, because it is based on volatility, this setting can cause the chart to change significantly from one day to the next.
  • User-defined scaling uses a fixed box size set by the user.

Chart Overlays

There are several technical overlays that you can add to a Point & Figure chart using the dropdowns and parameter boxes in this section. You can add up to 6 overlays to a chart.

  • P&F Trendlines automatically add 45-degree trendlines to the chart. They alternate between bullish (blue) and bearish (red) lines. A P&F trendline is in effect until it is violated.
  • Simple Moving Average is calculated based on the midpoint of each column of X's and O's.
  • Bollinger Bands are calculated based on the midpoint of each column of X's and O's.
  • Price by Volume shows a horizontal histogram which each bar representing the cumulative volume for that price level. Note: The “Show Volume” checkbox must be checked in order for the “Price by Volume” histogram to appear.
  • Price Plot - includes a small version of the OHLC bar chart for the ticker symbol in the background of the P&F chart.
  • Reversal Marker - shows the location of the next reversal for the chart given its current reversal settings.

Additional Resources

Videos