PNF (Point And Figure Indicator)
The Point and Figure Indicator calculates columns just like the Point And Figure Charts. There are however a couple of advantages to being able to add PNF as an indicator on a chart. First, you can overlay the traditional bar data on top of the PNF data to see exactly where in time the reversals occurred and the amount of time that was spent in each column. Also, this provides the ability to apply all other technical indicators to PNF data, such as moving averages, reference lines, etc.