The indicator plots ICT displacement candles on the price chart and can switch to retracement scanning. Displacement requires a move larger than a set share of the 14-bar average high-low range, lasting at least a chosen number of bars, with optional close, pr
Indicator · Pine Script v4 · On the chart
Point-and-Figure (P&F) Chart Identifier
This indicator checks bar-to-bar price relationships to detect whether the active chart uses a Point-and-Figure (P&F) chart type.
GitHub stars948on the repository
Pine versionv4older, still runs
Lines of code35
Settings0inputs
LicenceGPL-3.0
Last update10 days ago18 Oct 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
35 lines of Pine Script v4 from research/point_and_figure_pnf_chart_identifier.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.
//@version=4
// Copyright (c) 2020-present, Alex Orekhov (everget)
// Point-and-Figure (P&F) Chart Identifier script may be freely distributed under the terms of the GPL-3.0 license.
study("Point-and-Figure (P&F) Chart Identifier", overlay=true)
var int ocCount = -1
ocCount := open[1] == close or close[1] == open ? ocCount + 1 : ocCount
var int sum = 0
sum := close > close[1] ? sum + 1 : close < close[1] ? sum - 1 : sum
isPnF = (sum == 1 or sum == 0 or sum == -1) and ocCount < bar_index - 1
matchedCandles = cum(isPnF ? 1 : 0)
labelText = isPnF ? "This is P&F Chart" : "This is not P&F Chart"
stats = "\n------------------------------" +
"\nBar Index: " + tostring(int(bar_index)) +
"\nMatched Candles: " + tostring(matchedCandles) +
"\nO==C: " + tostring(ocCount) +
"\nSum: " + tostring(sum)
labelColor = #1e90ff
whiteColor = color.white
var label pnfLabel = label.new(
x=bar_index,
y=na,
text="",
color=labelColor,
textcolor=whiteColor,
style=label.style_label_down,
size=size.normal
)
label.set_text(pnfLabel, labelText + stats)
label.set_xy(pnfLabel, bar_index, highest(close, 10))
Overview
Point-and-Figure (P&F) Chart Identifier tracks consecutive close price directions and counts occurrences where opening and closing levels match between adjacent bars. The script displays an overlay label directly on the price chart showing the detection status alongside diagnostic metrics, including current bar index, matched candle count, and accumulated directional sums. It contains no configurable user settings.
- Point-and-Figure chart detection logic
- On-chart diagnostic statistics label
- Cumulative count of matched candles
- Bar-to-bar price equality tracking
Details
Published by
everget on GitHub
Type
Indicator, Pine Script v4
Draws
On the price chart
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Repository
Topics
pinepinescripttechnical-indicatorsindicatorsoscillatorbandsaveragetradingviewindicatormoving-average
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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