Point & Figure Parameters

Parameter

Function

Box Size

Enables you to define the Box Size of the Point & Figure plot.

The box size is the minimum price change plotted in a Point & Figure chart. In other words, if an instrument's price changes by an amount less than the box size, no plot is made.

Generally speaking, the appropriate box size is a function of an instrument's price. The BoxSize() function displays the appropriate box size based on the instrument's price:

BoxSize(instrument)=begin

i = instrument.last

retval = NONUM

if i <= 5 then retval = .25

if i > 5 AND i <=20 then retval = .5

if i > 20 AND i <= 100 then retval = 1

if i > 100 AND i <= 200 then retval = 2

if i > 200 then retval = 4

retval

end

If an instrument trades between $.01 and $5.00, the appropriate box size is .25.

If an instrument trades between $5 and $20, the appropriate box size is .5.

If an instrument trades between $20 and $100, the appropriate box size is 1.

if an instrument trades between $100 and $200, the appropriate box size is 2.

If an instrument trades over $200, the appropriate box size is 4.

Color

Enables you to adjust the colors of the Point & Figure Xs and Os.

Method

Defines the method of the plot.

Option	Function
Daily	Renders the plot using daily data (as opposed to tick data).
Original	Employs Xs for both upward and downward plots.
Standard	After a reversal, the new plot (X or O) does not have direction until the second box is completely filled.

Reversal

Enables you define the Reversal amount of the Point & Figure plot.

The reversal amount is the number of "boxes" required for reversal. A smaller reversal gives more frequent reversal signals. Increasing the reversal amount eliminates minor trends.