A Point and Figure chart plots columns of Xs (rising) and Os (falling) with no time axis, filtering minor moves. It emphasises clear support, resistance and breakouts.
How traders read it
- Xs are up-columns, Os are down-columns.
- It ignores time and small reversals.
- Classic for spotting breakouts and price targets.
See it in dtcharts
Switch chart type any time in the dtcharts terminal from the chart-type menu.