OPEN-SOURCE SCRIPT
Dynamic GANN Square Of 9 Bands
Dynamic GANN Square Of 9 Bands
Created on 3 Sept 2023
Adjust Increment Value:
Green Line:
Red Lines:
Grey Lines:
Key Features:
Additional Tips:
Additional Resources:
GANN Square Of 9 Pivots:
Created on 3 Sept 2023
Adjust Increment Value:
- Customize increment to match symbol and price characteristics for accuracy.
Green Line:
- 200 EMA. Identifies trend direction; moves with the prevailing trend.
Red Lines:
- Mark prominent reversal levels closer to the red range; ideal for mean reversion strategies.
- Crossing red levels may indicate trend continuation to the next red level.
Grey Lines:
- Show immediate target reversal levels; watch for potential reversals.
Key Features:
- Levels are different from Standard Deviation Lines.
- Levels remain fixed and parallel, unaffected by volatility.
- Despite its dynamism, it can serve as a leading indicator, revealing potential trend changes.
- Primarily designed for trend-following strategies.
Additional Tips:
- Use additional confirmations
- Manage predefined risk and quantity
Additional Resources:
GANN Square Of 9 Pivots:
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
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