Point and Figure chart indicator

Based on a graphical representation using the P & F (Point and Figures) method.

The P & F charts only price quotations without time parameters.

The P & F Points and Figures graphs focus on the power balance between buyers and sellers (bulls, bears).

The P & F Points and Figures graphs are composed of positive boxes X (the price rises) and negative boxes O (the price falls).

The size of the box can be predefined and represents the minimum variation of the title in order to draw a symbol (cross or round) on the vertical axis.

The threshold, Inversion indicates the minimum variation needed to draw a new column, it controls the displacement on the horizontal axis of the graph.