System Builder for PnF Chart

[Shibhu Gopalan-1787896105093]

How can we create the below conditions in System Builder in PnF charts:
Base High — the highest point reached during your consolidation window (the last 5, 7, or 9 P&F columns, whichever you settled on). On the chart, this is the top of the tightest recent trading range, not the all-time or 52-week high.
Base Low — the lowest point reached during that same window. Together, Base High and Base Low bracket the box the stock has been trading inside.
Last Close — today's (or the most recent session's) closing price — where the stock is sitting right now, relative to that base.

Why these three specifically: Depth % measures how tall the base is (Base High − Base Low) ÷ Base High — a short box means a tight, low-volatility consolidation. Last Close then tells you where inside that box the price currently sits — close to Base High means it's on the right side, near a breakout; close to Base Low means it's still in the middle of the base.

thanks
Cherikanpadath gopalan shibhu

[Karan Dattani-1721623355493]

I understand that your intention is to scan for tight consolidation. You can try using P&F Smart Scanner > Volatility Contraction Scanner. It will give you a list of stocks in consolidation on P&F charts of your selected box value.

[Shibhu Gopalan-1787896105093]

@Karan-Dattani , thanks and appreciate for the reply.

[Shibhu Gopalan-1787896105093]

From the following Points given below , can you help me which Indicators & Patterns should I use :

Also , can we see the created setup in the PnF chart also.

Step

01.Stop at entry Place initial stop at the base low

02.Position size Size = 100 ÷ stop-loss %, capped so max portfolio risk on the trade = 1%. E.g., if your
stop is 8% below entry,position size = 100 ÷ 8 = 12.5% of a hypothetical "full risk unit"
— scale that to keep total capital at risk ≤1%.

03.Day-1 pullback If price breaks out then closes back inside the base same day, cut the position in half
immediately

04.Re-add If it then reclaims the breakout level with strength, add the trimmed half back

05.Trailing stop Move stop up to whichever is higher: the 21 EMA (daily) or the last swing low — only
ratchet up, never down

06.Partial profit On a 15–20% gain from entry, book ~30% of the position; trail the rest per the rule
above

07.Vertical/steep move If the trend line goes near-vertical, trim another 50% rather than waiting for price
to touch the 21 EMA

thanks
Cherikanpadath gopalan shibhu