Most traditional studies can be drawn on point & figure charts as long as certain rules are followed: Studies must be set to calculate on highs and lows (there are no opens and closes). Studies that involve volume will not work. You can draw trend lines on a Point & Figure chart, but they are not linked to the chart (there is no time vector to attach to) and cannot be saved. As the Point & Figure chart shifts, trend lines will not shift with it.Studies on Point & Figure Charts