Point and figure chart

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. The New York Times Financial Glossary

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   A price chart that captures pure price movement with no regard for time or volume. Rising prices are denoted by a column of Xs and falling prices by a column of Os. Subsequent columns are placed to the right of earlier columns. (Figure 13.)
   ► See also Technical Analysis.

Financial and business terms. 2012.

Look at other dictionaries:

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