Point & Figure+ [NinjaTrader 8]

PnF+ is a comprehensive Points and Figures (P&F) technical analysis indicator that provides advanced charting capabilities for identifying support, resistance, trend lines, and price targets based off of the book The Definitive Guide to Point and Figure: A Comprehensive Guide to the Theory and Practical Use of the Point and Figure Charting Method by Jeremy Du Plessis.

Features:

• Advanced P&F Chart Analysis: Complete Points and Figures chart analysis with customizable box size, reversal settings, and price style options.
• Support & Resistance Detection: Automatically identifies and tracks support and resistance levels based on P&F chart patterns.
• Dynamic Trend Line Analysis: Generates upward and downward trend lines that adapt to P&F chart movements and provide trend direction signals.
• Vertical Price Targets: Calculates upside and downside price targets based on P&F chart column heights and reversal settings.
• Horizontal Price Targets: Identifies horizontal breakout targets using sophisticated U-pattern recognition algorithms.
• Real-time Updates: All analysis elements update dynamically as new P&F data arrives.
• Comprehensive Visual Customization: Extensive styling options for all chart elements including colors, line styles, widths, and text formatting.
• Multi-Status Tracking: Automatically tracks target confirmation, invalidation, and hit status for enhanced trading decisions.

How It Works

PnF+ uses advanced algorithms to analyze Points and Figures charts, which filter out time and focus purely on price movements. The indicator identifies support and resistance levels by detecting areas where price has repeatedly tested the same levels without breaking through.

Support & Resistance: The indicator scans for pivot points where price action creates significant highs (resistance) or lows (support) that hold across multiple P&F columns.

Trend Lines: Dynamic trend lines are generated when the indicator detects consistent price movements in a particular direction, providing visual guidance for trend continuation or reversal.

Price Targets:

• Vertical Targets: Calculated by measuring the height of P&F columns and projecting potential price movements based on reversal settings.

• Horizontal Targets: Generated through sophisticated pattern recognition that identifies U-shaped formations in the P&F chart, indicating potential breakout levels.

The indicator provides real-time status tracking for all targets, showing whether they are unconfirmed, confirmed, hit, or invalidated, giving traders clear signals for entry and exit decisions. With its comprehensive customization options, traders can tailor the visual presentation to match their trading style and preferences.

PnF+ transforms complex Points and Figures analysis into clear, actionable trading signals, making this powerful technical analysis method accessible to both novice and experienced traders.

Changelog

7/25/2025

• Initial release.

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