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.
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.
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:
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 StyleButtons like the SharpCharts Workbench does. The P&F Workbench has predefined ChartStyles and you can create a custom default ChartStyle.
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.
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.
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 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:
|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|
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.