Pure price action — no time axis, no noise. Search any NSE stock to generate its P&F chart.
P&F charts strip away time and show only significant price movements. X columns (green) represent rising prices. O columns (red) represent falling prices. Each box equals one unit of the box size (ATR-based by default).
A new column starts only when price reverses by the reversal factor (default 3 boxes). This filters out minor fluctuations and highlights the real trend.
Double Top Breakout: An X column exceeds the high of a previous X column — bullish signal. Double Bottom Breakdown: An O column drops below the low of a previous O column — bearish signal.
Support & Resistance: Horizontal levels where price reversed multiple times. The more touches, the stronger the level.
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