CPL is short for Cycle Price Line also sometimes referred to as Kagi charts. The
CPL chart displays bullish and bearish moods for short, medium and long term. CPL
charts are price charts with thick and thin vertical lines connected by short horizontal
lines. Just like P & F charts, CPL charts only add a new vertical line when
prices have reversed enough to cancel the current uptrend or downtrend. Until such
a reversal occurs, a CPL chart will only move up (or down) in its current column.
CPL charts do not have constantly spaced time axes.