Why Use A Point & Figure Chart?
While the SharpCharts workbench is a great tool for charting a security over a period of time, sometimes all an investor is interested in is the actual price movement. P&F charts are great for observing active market activity, and as such are very helpful in identifying support/resistance lines, buy/sell signals, and trendlines. P&F charts are also very flexible in that they can easily be made more or less sensitive to price changes to discern between long and short term trends. By varying box and reversal sizes, these charts can be adapted to almost any need. There are also many different ways these charts can be used for entry and exit points. As such, all types of investors can benefit from an applied understanding of P&F charting. Why Use A SharpCharts P&F Chart? There are two types of SharpCharts P&F charts: Graphical and Text. A Graphical P&F chart is created as a graphical image. It can provide more information and flexibility by offering more workbench tools than the text chart
