Point and Figure
Point and Figure charts do not plot the chart as price versus time, like Candlestick charts do. Point and Figure charts plot the price versus its direction changes, plotting a column of Xs when the price goes up and a column of O's when the price goes down.
Source: Wikipedia
Settings
Price Source: choose which price to use in the chart calculation, between Close and average price between High and Low;
Size Mode: choose which method to use to calculate the price deviations that determine changes in the trend. The available choices are:
Points: number of points or price value, settable in the “Points” parameter;
Percent: percentage value compared to the previous price, settable in the “Percent” parameter;
ATR: Average True Range, which allows you to always have a valid chart setting because it is self-adaptive. It is possible to set the number of periods with which to calculate the Average True Range in the “ATR Periods” parameter;
Points: if “Size Mode” is set to “Points”, number of points or price value that determines a change in the trend;
Percent: if “Size Mode” is set to “Percent”, percentage value compared to the previous price that determines a change in the trend;
ATR Periods: if “Size Mode” is set to “ATR”, the number of periods with which to calculate the Average True Range, whose value represents the minimum range of price movement that determines a change in the trend;
Reversal Size: the minimum number of “blocks” to be reached to identify a trend reversal;
Up Color: the color with which to draw the Xs that represent an upward trend;
Down Color: the color with which to draw the Os that represent a downward trend;