A method of charting in which only price changes (of a specific unit) and the direction of change are the variables. Time and volume dimensions are omitted. Price data are plotted on graph paper. New columns are begun when a reversal by at least one unite can be recorded.
stock chart that represents price with X's and O's, does not account for time like a typical bar chart does
In technical analysis, a method of charting in which only price changes of a specific magnitude and the direction of change are the variables. Data are plotted on graph paper and columns are begun only when a reversal by at least one unit is recorded.
A charting technique which assumes that the only important thing is the direction of price change—volume and time are unimportant. Chart patterns are then observed to determine a trading strategy.
A chart which plots price only. X's are place in boxes representing up days; and O's are placed in boxes representing down days. There is no provision for time in point and figure charting. As long as the trend remains the same, the X's or O's are placed above or below each other. When a reversal takes place, the next vertical column starts the next trend.
A graphic representation of price movement using vertical rows of "x"s to indicate significant up ticks and "o"s to reflect down ticks. Such charts do not reveal minute price fluctuations, only trends once they have established themselves.
A price-only chart that takes into account only whole integer changes in price, i.e., a 2-point change. Point and figure charting disregards the element of time and is solely used to record changes in price.
A chart which shows price movements of a security, without measuring the passage of time.
A graph of prices charted with Xs for price increases and Os for price decreases, used by the chartist for buy and sell signals.
A point and figure chart is used for technical analysis of securities. Unlike most other investment charts, point and figure charts do not present a linear representation of time. Instead, they show trends in price.
