Point and Figure Charts: Tutorial

Today's video covers Point and Figure charts on TradingView. Point and figure charts that focus entirely on price movements. Unlike traditional candlestick or line charts, which plot price against time, point and figure charts only record price changes that meet a predefined criteria, typically a minimum amount of price movement.

Each column on a point and figure chart consists of either X's or O's, representing uptrends and downtrends respectively. These charts do not consider time, which makes them particularly useful for identifying clear trends and key support and resistance levels.

A new X is added to the chart when prices rise by a specified amount (box size), and an O is added when prices fall by the same amount.

This video covers the basics of Point and Figure charts and also dives into advanced concepts.

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