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Point and figure chart

Point and figure is a charting technique used in technical analysis. The chart is displayed in the form of columns consisting of Xs (if the price rises) or Os (if the price falls). The specified upward price movement (for example, every 10 points) is marked by adding X to the column, while the similar downward movement is marked by adding O.

Point and figure chart considers price direction and change value but it does not depend on duration of that change. Now, such charts are available in MetaTrader 5.

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