Market / MetaTrader 4 / Indicators /

PnF Charts

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Published: 10 July 2015

Current version: 1.2

PnF Charts

Indicators
Marcin Konieczny
Marcin Konieczny
Poland

28061
4.2 (44)
- https://soft4fx.com
Marcin Konieczny - Soft4FX

High-quality trading solutions for Metatrader 4
Indicators, simulators, scripts and more...
http://soft4fx.com

4 products 1 article 1 topic 16 comments
Version: 1.2
Updated: 18 November 2021

Time is not a factor here. Only price movements are taken into account. That is why PnF chart is not synchronized with the main chart it is attached to.

More about PnF charts: http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:pnf_charts

Indicator works in two modes:

CLOSE - only close prices are taken into account while building the chart
HIGH_LOW - only high/low prices are taken into account

The chart is updated only after closing of each bar. It means that PnF chart will be updated more frequently when attached to M1 and less frequently when attached to charts of higher timeframes.

Features:

Reversal amount can be changed
Two methods of drawing 1-box reversal charts (compressed and normal)
You can add up to 2 moving averages to the chart (SMA or EMA)
You can add Bollinger Bands to the chart
Colors are fully customizable
Grid can be turned on and off
Moving and zooming the chart with keyboard

Bollinger Bands and Moving Averages can not be used in compressed 1-box reversal mode.

Parameters:

Price_Mode [CLOSE / HIGH_LOW] - in CLOSE mode the chart is built based on Close price of each bar while in HIGH_LOW mode the chart is built based on High and Low prices of each bar
Box_Size - minimal price movement required to draw a new box in the direction of current trend
Reversal_Boxes - minimal counter-trend price movement required to change the trend (entered as a number of boxes, default = 3)
Compress_1_Box_Chart - enables compressed mode of drawing 1-box reversal charts
Max Columns - sets the maximal number of columns to display
Scale - initial size of X's and O's
Draw_in_Main_Window - sets the location of the PnF chart (either main chart window or indicator's subwindow)
Draw_Grid - shows/hides the grid
Draw_Price_Scale - shows/hides the price scale on right side of the chart
Right_Shift - amount of empty space on the right side of the chart
Show_Info - shows/hides information label in the upper left corner
Draw_MA1 - adds a moving average to the chart (SMA or EMA)
MA1_Type, MA1_Color, MA1_Period, MA1_Shift - parameters of the first moving average
Draw_MA2 - adds a second moving average to the chart
MA2_Type, MA2_Color, MA2_Period, MA2_Shift - parameters of the second moving average
Draw_BB - adds Bollinger Bands to the chart
BB_Color, BB_Period, BB_Deviations, BB_Shift - parameters of Bollinger Bands

Keys:

W, S, A, D - moving the chart
Q, E - zooming in/out
G - show/hide grid

more...

386

Airat Zainetdinov 2018.10.05 20:26 #

Очень хороший индикатор, совершенно по новому меняет зрение в торговле. Без него просто не могу торговать!!!!!

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Filter:

36095399 2025.06.16 16:34 #

It is a below the primary chart indicator. I was looking for a software package that it would replace the standard bar chart format for a PnF chart.

386

Airat Zainetdinov 2018.10.05 20:26 #

Очень хороший индикатор, совершенно по новому меняет зрение в торговле. Без него просто не могу торговать!!!!!

PnF Charts

Marcin Konieczny

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