Getting the Point of Point & Figure Charts

Hello Fellow ChartWatchers!

Over the past couple of weeks, we been revamping our Point & Figure charting tool.  The new version was released last week.  It has several key improvements including:

• You can now add up to 6 chart overlays per chart
• You can save your settings as the "Default" P&F settings and they will be used for all new P&F charts you create
• The parameter boxes for the various Scaling options now only appear when the corresponding Scaling option is chosen
• Price Objectives are controlled by the "Price Objective" dropdown.  You can also turn off Price Objectives if you want
• Intraday P&F Charts no longer are forced to use the "ATR" scaling method
• Several predefined P&F ChartStyles are now available via the ChartStyles dropdown
• ... and much more.

Overall, the new P&F Workbench now has a "look & feel" that is very similar to the SharpCharts workbench.  If you are familiar with using that page, using the P&F Workbench should be pretty straightforward.

Last Saturday, the ChartWatchers LIVE webinar was dedicated to demonstrating P&F Charts in general and the new workbench in particular.  If you haven't seen the video of the webinar and you want to learn about P&F charting, I strongly encourage you to review that particular video.  In it, you'll see why Point & Figure charts are one of my favorite analysis tools.

(Click on the image above to watch the video.)

Enjoy!
- Chip