Change the box size, reversal and dates of a chart
Stocks
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Every Point and Figure chart has a few settings, and QuantLogIQ lets you change them. Let's see how.
Steps:
1. Click Parameters.
2. Box size is how big each X or O is, as a percentage of the price. A bigger box shows only the larger moves.
3. Reversal is how many boxes the price must turn before a new column starts. Three is the classic setting.
4. And here you can pick the start and end dates, to study a particular period.
5. Click Apply, and the chart opens again with your settings. Notice how a two percent box gives fewer, bigger columns.
Try a few settings, and see which one makes the trend clearest for you.
Steps:
1. Click Parameters.
2. Box size is how big each X or O is, as a percentage of the price. A bigger box shows only the larger moves.
3. Reversal is how many boxes the price must turn before a new column starts. Three is the classic setting.
4. And here you can pick the start and end dates, to study a particular period.
5. Click Apply, and the chart opens again with your settings. Notice how a two percent box gives fewer, bigger columns.
Try a few settings, and see which one makes the trend clearest for you.