×

Sign up and get MultiCharts free

Use its powerful simulation mode with data included out of the box. Just fill out the form and start honing your trading skills with a few clicks.

Changes - MultiCharts

Changes

Jump to navigation Jump to search

Point and Figure

182 bytes removed, 12:36, 10 May 2013
==Point and Figure==
===Understanding Point and Figure Chart Type===
 [[File:PFChart1.png|right|PF]] Point and Figure chart type is a chart that plots price movements without taking into consideration the time period. Point and figure charts are composed of a number of columns that consist of a series of stacked Xs or Os. A column of Xs is used to indicate a rising price, while Os represent a falling price. New Xs or Os are added to the chart once the price changes by more than a predefined amount. Once the price moves to the opposite direction by more than a predefined amount, a new column is plotted.
===Selecting Point and Figure Chart Type===
# Open the '''Format Instrument''' window by one of the following methods:
#:* Click the '''New Chart Window''' http[[File://www.multicharts.com/img/wiki/toolbar/05_Create_New_Chart_WindowNew_Chart.png ]] icon on the Main toolbar; or:
#:* Use the '''Insert''' key on the keyboard; or:
#:* In the main menu select '''File''', then point to '''New''' and click '''New Chart Window'''.
# Open the '''Format Instrument''' window by one of the following methods:
## * Click the Format Instrument icon on the Chart Analysis toolbar; if the '''Format Objects''' window appears, select the symbol and click the '''Format''' button; or: ## * Position the mouse pointer over the symbol's data series; double-click once the '''Pointer''' http[[File://www.multicharts.com/img/wiki/cursors/Pointer.gif png]] changes into a '''Hand''' http[[File://www.multicharts.com/img/wiki/cursors/Hand.gifpng]]; or:## * Position the mouse pointer over the symbol's data series; once the '''Pointer''' http[[File://www.multicharts.com/img/wiki/cursors/Pointer.gif png]] changes into a '''Hand''' http[[File://www.multicharts.com/img/wiki/cursors/Hand.gifpng]]f, right-click and then click '''Format''' 'Symbol Name'; or: ## * Right-click on an empty area of the chart and then click '''Format Instrument'''; if the '''Format Objects''' window appears, select the symbol and click the '''Format''' button; or: ## * Select '''Format''' in the main menu and click '''Instrument'''; if the '''Format Objects''' window appears, select the symbol and click the '''Format''' button.
# Select the '''Style''' tab.
# In the '''Chart Style''' section click on the component element to be changed.

Navigation menu