How can I add indicators to P&F charts?

 | users can add four different chart overlays to their P&F charts. Using the Graphical P&F chart, which is the default, simply scroll to “Chart Overlays” section just below actual chart. Users can add up to three indicators (Trendlines, Bollinger Bands, Simple Moving Average and Price-by-Volume).


Keep in mind that P&F indicators are calculated a little differently. For example, a 10 period simple moving average would be based on the average column length for the last 10 columns. Instead of a daily or weekly close, the mid point of each column is used to calculate the moving average.

Click this image for a live chart.

The chart above shows the Nasdaq 100 ETF (QQQ) based on 20 cents per box with a 50 period simple moving average. Notice that the ETF broke the moving average and the trendline with the June decline. The new red trendline and moving average now become the first resistance levels to watch.

Arthur Hill
About the author: , CMT, is a Senior Technical Analyst at He has written articles for numerous financial publications including Barrons and Stocks & Commodities magazine. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed technician. In addition to his CMT designation, Arthur holds an MBA from the Cass Business School at City University in London. Learn More
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