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A column in the Point & Figure chart represents a swing move. As a result, the number of days in any column is not fixed. There is no maximum limit on the maximum number of days in the column, but the minimum will be 1. When the reversal criteria are met, the column will be changed.
The number of days taken in each column is plotted as a line below the chart for this indicator. Plotting it as an indicator allows you to determine which columns have a high number of sessions.
This indicator is also included in the system builder, which can be used to develop different trading strategies.
The indicator table value in TradePoint & RZone also provides you with a list of all values of this indicator for any group of stocks. This will allow you to compare the readings of this indicator across different stocks.
This indicator is also available in the System Builder of RZone & TradePoint. Using the system builder, you can develop various strategies based on the different conditions already present in this indicator. Additionally, it can be used with other indicators or price patterns to develop effective trading strategies. For any group of stocks and market segments, you can scan and backtest stocks based on those strategies.