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
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
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