Point & Figure Chart
A chart that plots day-to-day price increases and declines. Increases are represented by a rising stack of Xs, and decreases are represented by a declining stack of Os.
Investopedia Commentary
These charts help to filter out less-significant price movements, letting you focus more on the most important trends.
Related Links
Point and Figure Charting
Which Direction Is the Market Heading?
Market Breadth: A Directory of Internal Indicators
See also: Box Size, Reversal Amount
Also spelled: Point and Figure, Point-and-Figure