Historical Swing High-Low Gann IndicatorThe Historical Swing High-Low Gann Indicator is a powerful tool designed to track and visualize key market swing points over time. This indicator identifies significant swing highs and lows within a specified time frame and draws connecting lines between these points, allowing traders to observe the natural ebb and flow of the market.
What sets this indicator apart is its ability to maintain all previously drawn swing lines, creating a comprehensive historical view of market movements. Additionally, the indicator projects Gann-style lines from the most recent swing highs and lows, providing traders with potential future support and resistance levels based on the geometric progression of price action.
Features:
Swing Detection: Automatically detects significant swing highs and lows over a user-defined period (default is 3 hours).
Persistent Historical Lines: Keeps all previously drawn lines, offering a complete visual history of the market's swing points.
Gann-Style Projections: Draws forward-looking lines from the latest swing points to help predict possible future market levels.
Customizable Parameters: Allows users to adjust the swing detection period to suit different trading styles and time frames.
This indicator is ideal for traders who rely on price action, support and resistance levels, and Gann theory for their analysis. Whether used in isolation or as part of a broader strategy, the Historical Swing High-Low Gann Indicator provides valuable insights into the market's behavior over time.
Gannangles
Gann SquareIntroduction
Legendary trader W.D. Gann illuminated the cyclical nature of financial markets, revealing their adherence to predictable patterns rooted in geometry, astronomy, and numerology. With his own trading results as evidence, Gweaklann showcased the efficacy of these principles in uncovering market dynamics, including breakouts, reversals, and crucial price levels acting as support and resistance.
Introducing Gann Square
Gann Square, also known as the Gann Box, stands as a cornerstone of technical analysis, offering traders a powerful tool to decipher market movements and anticipate future price action. Built upon primary angles, notably the 45-degree (1x1 angle) ascending from the origin to the top-right corner and its corresponding negative angle descending from the top-right to the bottom-left corner, Gann Square epitomizes precision and foresight in chart analysis.
Unveiling Points of Setup
Central to Gann Square's functionality is the identification of points of setup. These critical junctures mark significant highs or lows in price movements, serving as pivotal reference points for traders seeking to navigate market shifts and capitalize on emerging opportunities.
Time scale: Calendar or Trading days
A lot of effort was spent to realize a precise relationship between time and price, as angles of price arise with time or with chart bars. The best of these two options is related to the type of instrument used, and is usually could be determines empirically.
For example, consider a ticker that is at market five days per week. By using TradingDays we have a match between candles on the chart and days as time, so the angle arises in a linear way. Instead of using Calendar option, from Monday to Monday we have 7 days, and the algorithm takes care of this and the angle arise faster. Look at the pictures below, with Calendar option there's a little step every time there is day's jump between consecutive candles.
Same square on TradingDays and Calendar
Timeframe independence
In Gann analysis, the correlation between angles and time periods is inherently cyclical, where each degree corresponds to approximately one day, and a full circle of 360 degrees symbolizes a year. This timeless relationship allows Gann indicators to transcend individual timeframes, ensuring consistency while preserving the critical balance between time and price dynamics.
Gann indicators operate seamlessly across multiple timeframes, yet they remain steadfastly anchored to the daily timeframe as the primary reference point. This deliberate choice maintains the integrity of the time-price relationship, essential for accurate analysis and interpretation.
Preserving Proportion Amidst Time Shifts
When an angle intersects a pivot point during a timeframe transition, the Gann indicator upholds its proportional integrity without compromise. Whether examining daily, weekly, or monthly intervals, the indicator seamlessly aligns with pivotal price levels, ensuring continuity and precision in analysis.
Illustrating Consistency in Practice
Visualize the power of timeframe independence through a single Gann fan spanning both daily and weekly intervals. Witness how each angle touches the same pivotal point, meticulously maintaining proportionality across varying timeframes, as depicted in the accompanying illustration.
Same square on daily and weekly
Intraday daily and hourly
Handle TradingView bounds
By placing a square at the limits of the chart you risk going beyond the limits of the TradingView drawable area which is 500 bars in the future. In this case the indicator manages this eventuality by truncating the drawing and trying to calculate the theoretical measurement anyway to draw the angles inside it. This leads to having a square with some geometric errors but still allows you to proceed with the analysis.
Summary of features
Automatic price placement: the indicator look at the trend and decide autonomously if angle starts from candle low or high;
Manual price placement: it's possible to disable automatic placement and specify a start price;
Angle extension to present: draw angle until last available bar;
Extension to future: draw angle and square in the future after the latest available bar ( actual TradingView limit is 500 bars in the future );
Multiple timeframe are supported ( more details below);
Trading days: time is considered in number of bars, for example the ticker AAPL usually has 5 daily bars per week;
Calendar: time is considered in number of days, for example the ticker AAPL usually has 7 days per week;
Future bars: It's possible to draw until 500 bars after the latest ( TradingView bound);
Square over bound handling (explained above);
Operating Instructions
Placing the Gann Square on the chart
When positioning the Gann Square, ensure that the positive square is placed on an important pivot low, while the negative angle should be positioned on a pivot high. By default, the script automatically selects the pivot price based on the trend of the previous candle. However, it's important to note that automatic price selection may not always be accurate, especially in certain market conditions. In such cases, users have the option to manually specify the pivot price.
Exercise caution when using automatic price selection in conjunction with changing timeframes. For instance, the pivot low of a monthly candle may not align perfectly with a daily candle. In such scenarios, it is advisable to either opt for manual price selection or initially place the indicator using the daily timeframe before switching to a wider timeframe, such as monthly.
In intraday trading, transitioning to a daily or wider timeframe while maintaining angle proportionality between timeframes may pose challenges with automatic price selection. In this particular scenario, it is recommended to utilize manual price selection for accuracy.
Furthermore, it's beneficial to differentiate between intraday operations and daily or longer-term operations when utilizing the Gann Square, as each may require distinct considerations and approaches for optimal effectiveness.
Price unit, Factor and divisor
The size of the Gann Square can be customized using the following settings:
Price Unit (Scale) : The Price Unit, also known as the scale, determines the increment along the main angle (45°) of the Gann Square. Adjusting the Price Unit allows you to fine-tune the relationship between price and time, enabling the adaptation of the square to suit the characteristics of any financial instrument.
Factor : The Factor setting provides additional flexibility in adjusting the scale of the Gann Square. By modifying the Factor, you can further refine the proportions of the square to align with specific trading strategies or market conditions.
Divisor : The Divisor setting enables you to divide the square size by a specified factor (e.g., 2, 4, etc.). This feature offers a convenient way to adjust the size of the square while maintaining proportionality and symmetry, enhancing the versatility of the Gann Square tool.
By utilizing these settings in combination, traders can effectively tailor the Gann Square to their preferences and requirements, empowering them to conduct detailed technical analysis and make informed trading decisions across various financial instruments and market environments.
Point of setup
The Gann Square provides settings to divide the square by vertical lines, allowing for enhanced analysis and identification of key points of setup. Users can choose to divide the square by four, by three, or both, providing flexibility in their analysis approach.
Utilizing Vertical Lines
These vertical lines play a crucial role in identifying important candles, price levels, and time intervals where trend reversals or significant market movements may occur. By dividing the square into smaller sections, traders can pinpoint potential areas of interest with greater precision.
Intersection of Angles
The points of setup identified by the vertical lines also correspond to the intersection of various angles drawn on the square. These intersections serve as focal points for analysis, indicating potential shifts in market dynamics and offering valuable insights into future price movements.
By leveraging the point of setup settings and paying attention to the intersection of angles, traders can enhance their understanding of market trends and make more informed trading decisions.
Setting examples
NQ1! (D, W):
price unit: 4, 8
Factor: 1
Square Division: 1
CL1! (D, W):
price unit: 0.5
Factor: 8
Square Division: 0.25
BTCUSD (4h):
price unit: 512
Factor: 1
Square Division: 4
WARNING
This indicator is for educational purpose only. I am in no way responsible for bad setups, strategies and possible losses or gains of money as a result!
Anchored Square of 9 by AlgoCadosThe 'Anchored Square of 9 by AlgoCados' pine script indicator, leverages the non-discretionary, mathematical principles of W.D. Gann's Square of 9 for predicting vital support and resistance levels across all financial assets. Its mathematical precision and versatility make it a universally applicable tool, suitable for analysis of any financial asset without bias. Characterized by its adaptability to both high and low time frame analyses (HTF and LTF), this sophisticated indicator provides a structured, reliable method for market analysis, making it an essential asset for traders looking to apply a consistent and comprehensive approach across various market conditions and asset classes.
CME_MINI:NQH2024
Core Functionality
Anchored Price Point: The script allows users to define an anchor time and anchor point type (High, Low, Open, Close), serving as the basis for subsequent calculations. This flexibility enables precise adaptation to varying market conditions and analysis needs.
Angular Shifts and Projection: The indicator implements a range of angular shifts for LTF and HTF analyses, allowing for detailed and customizable projection of support and resistance levels. Angular shifts can range from 11.25° for finer intraday nuances up to 7200° for broader, long-term trend insights.
Mathematical Implementation
Anchor Point Selection: The script selects an anchor point based on user inputs for the anchor type and anchor time. This point serves as the basis for calculating deviations.
Angular Shift Calculation: The indicator calculates deviations by applying angular shifts to the square root of the anchor price. These deviations are used to project potential support and resistance levels.
Projection Lines and Labels: For each angular shift, the script generates projection lines and labels, which are dynamically adjusted as new data becomes available. This visual representation aids in identifying significant price levels.
CME_MINI:NQH2024
Key Features and Customization Options
Customizable Angular Shifts: Traders can enable or disable specific angular shifts to tailor the analysis to their trading strategy.
Projection Styles and Labels: Offers various styles (Solid, Dotted, Dashed) for equilibrium, upper shifts, and lower shifts lines, along with customizable label options (Levels, Prices, Levels + Prices) for enhanced clarity and information density.
Dynamic Labeling: Utilizes dynamic labeling for each projection line, indicating the angular degree and price level, facilitating a comprehensive understanding of potential market movements.
User-Friendly Inputs: Features user-defined inputs for anchor time and type, angular shifts, line styles, and labeling options, making the tool highly adaptable and intuitive.
Pine Script Technical Insight
Input Handling: The script incorporates a series of input controls to allow users to specify the anchor time, anchor type, and which angular shifts to display.
Line and Label Generation: Utilizes Pine Script's capabilities to dynamically generate and adjust projection lines and labels based on the calculated support and resistance levels.
Efficiency and Adaptability: Efficiently loops through a predefined set of angles, applying them to the anchored price point to calculate and project support and resistance levels, demonstrating the script's adaptability to both intraday and longer-term analysis.
Mathematical Formulation and Indicator Logic
Initial Setup and Inputs
The indicator starts by capturing user inputs for the anchor point—this can be a High, Low, Open, or Close price at a specified anchor time. These inputs determine the base price (P-base) from which all calculations are derived.
High if Anchor Type = "High"
Low if Anchor Type = "Low"
Open if Anchor Type = "Open"
Close if Anchor Type = "Close"
Angular Shifts and Projection Basis
The core of the "Anchored Square of 9" methodology involves calculating support and resistance levels through angular shifts applied to the Price-base (P-base).
The indicator enables a series of angular shifts, specified by the user, to project these levels dynamically.
Angular shifts are interpreted through the lens of Gann's theory, with each degree corresponding to a potential market turn or equilibrium point.
The script translates these angles into actionable projections using the square root of the anchor price, then applies the angular coefficients to find deviation points.
Angular Coefficients and Pi
In the context of the "Anchored Square of 9" indicator, angular shifts are crucial for projecting potential support and resistance levels. These shifts are quantified by angular coefficients derived from geometric principles, specifically leveraging the relationship between angles in degrees and their radian counterparts using π (Pi). Here's how angular coefficients are integrated:
Pi Reference for Angular Shifts: Given that 360° equates to 2π radians, angular coefficients (θ) for the indicator are calculated by translating degrees into a radian measure and then applying this measure to modify the square root of the base price (P-base).
Example of Angular Coefficients Shift:
A 180° shift corresponds to π radians. In the indicator's formula, this would translate to an angular coefficient of 1, since 180° = π in terms of π. Thus, applying this angular shift involves adding or subtracting 1 from the square root of P-base and then squaring the result to project a new price level.
Similarly, a 90° shift, equating to π/2, would have an angular coefficient equivalent to 0.5, reflecting its proportion of the circle (or square, in the context of Gann's geometry).
Implementation in Calculation of Deviations
Incorporating π into the formula for calculating deviations enriches the indicator's mathematical foundation, providing a direct link to geometric principles:
For each selected angular shift (θ), the script calculates positive and negative deviations from the square root of the anchor price. These deviations represent potential support and resistance levels.
P± = round (( sqrt root (P-base) ± θ)²)
Where:
P ± represents the calculated price levels for support (-) and resistance levels (+);
θ is the angular coefficient derived from the user-selected angular shifts;
sqrt root (P-base) is the square root of the base price;
round (⋅) ensures that the calculated levels are adjusted to the nearest tick size, maintaining relevance to actual trading scenarios.
Dynamic Projections and Visualization
The script generates lines and labels for these calculated levels, dynamically extending them as new market data becomes available. This feature ensures that traders have the most current and relevant information for decision-making.
For visualization:
Equilibrium Lines: Drawn at P-base to indicate the anchor or equilibrium point.
Support and Resistance Lines: Drawn at P- and P+, respectively, showing potential levels of market reaction
CME_MINI:NQH2024
Labeling and Style Customization
The indicator provides extensive customization for the appearance of projection lines and labels. Traders can select the line style, color, and text information (levels, prices, or both) to be displayed, tailoring the visual output to their preferences and trading strategy.
Implementation Details
This detailed approach to calculating support and resistance levels showcases the indicator's adherence to Gann's principles while leveraging modern computational methods to enhance trading analysis. By translating angular shifts into quantifiable projections, the "AlgoCados x Anchored Square of 9" indicator offers a powerful tool for identifying potential market movements with high precision.
The Pine Script implementation encapsulates this complex logic within a user-friendly interface, allowing traders to harness advanced analytical techniques within the TradingView platform. Through dynamic calculation and visualization, the indicator equips users with a deep understanding of market structures, enabling informed trading decisions based on mathematical projections.
Conclusion
The 'Anchored Square of 9 by AlgoCados' indicator merges mathematical precision with trading intuition, offering an advanced tool for traders seeking to leverage the time-tested principles of W.D. Gann's Square of 9. With its comprehensive set of features and customization options, it stands as a powerful addition to the TradingView platform, designed to enhance market analysis and decision-making for traders at all levels.
Embrace the essence of smarter trading where every insight is "Healthy For Your Trading."
Gann Box (Zeiierman)█ Overview
The Gann Box (Zeiierman) is an indicator that provides visual insights using the principles of W.D. Gann's trading methods. Gann's techniques are based on geometry, astronomy, and astrology, and are used to predict important price levels and market trends. This indicator helps traders identify potential support and resistance levels, and forecast future price movements.
Gann used angles and various geometric constructions to divide time and price into proportionate parts. Gann indicators are often used to predict areas of support and resistance, key tops and bottoms, and future price moves.
█ How It Works
The indicator operates by identifying high and low points within a visible range on the chart and drawing a Gann Box between these points. The box is divided into segments based on selected percentages, which represent key levels for observing market reactions. It includes options to display labels, a Gann fan, and Gann angles for analysis. Advanced features allow extending the box into the future for predictive analysis and reversing its orientation for alternative viewpoints.
High and Low Points Identification: It starts by locating the highest and lowest price points visible on the chart.
Gann Box Construction: Draws a box from these points and divides it according to specified percentages, highlighting potential support and resistance levels.
█ How to Use
Support and Resistance Levels
Using a Gann angle to forecast support and resistance is probably the most popular way they are used. This technique frames the market, allowing the analyst to read the movement of the market inside this framework.
The lines within the Gann Box, drawn at the key percentages, create a grid of potential support and resistance levels. As prices fluctuate, these lines can act as barriers to price movement, with the price often pausing or reversing at these intervals.
Forecasting with the 'Extend' Feature: The indicator's ability to extend lines and boxes into the future provides traders with a forward-looking tool to anticipate potential market movements and prepare for them.
Gann Fan: This feature draws lines at a significant price angle, helping traders identify potential support and resistance levels based on the theory that prices move in predictable patterns.
Gann Curves: Gann Curves display dynamic support and resistance levels, aiding in the analysis of momentum and trend strength.
█ Settings
The indicator includes several settings that allow customization of its appearance and functionality:
⚪ General Settings
Reverse: This setting changes the orientation of labels and calculations within the Gann Box, providing alternative analytical perspectives. It essentially flips the Gann Box's direction, which can be useful in different market conditions or analysis scenarios.
Extend: Extends the drawing of Gann lines or boxes into the future beyond the current last bar. This feature is essential for forecasting future price movements and identifying potential support or resistance levels that lie outside the current price action.
⚪ Gann Box
Show Box: Toggles the visibility of the Gann Box on the chart. The Gann Box is a fundamental tool in Gann analysis, highlighting key levels based on selected high and low points to identify potential support and resistance areas.
Show Fibonacci Labels: Controls the display of Fibonacci labels within the Gann Box. These labels mark specific Fibonacci retracement levels, aiding traders in recognizing significant levels for potential reversals.
Box Visibility: Allows users to enable or disable individual boxes within the Gann Box, providing flexibility in focusing on specific levels of interest.
Percentage Levels: Defines the Fibonacci levels within the Gann Box. Traders can adjust these levels to customize the Gann Box according to their specific analysis needs.
Coloring: Customizes the color of each level within the Gann Box, enhancing visual clarity and differentiation between levels.
⚪ Gann Fan
Show Fan: Enables the Gann Fan, which draws lines at significant Gann angles from a particular point on the chart, helping identify potential support and resistance levels.
Fan Percentages and Coloring: Similar to the Gann Box, these settings allow traders to customize which Gann angles are displayed and how they are colored.
⚪ Gann Curves
Show Curves: When enabled, this setting draws Gann Curves on the chart. These curves are based on Gann percentages and provide a dynamic view of support and resistance levels as they adapt to changing market conditions.
Curve Percentages and Coloring: Define which curves are displayed and their colors, allowing for a tailored analysis experience.
⚪ Gann Angles
Show Angles: Toggles the display of Gann Angles, which are crucial for understanding the market's price and time dynamics, offering insights into future support and resistance levels.
Coloring: Customizes the color of the Gann Angles, making it easier to differentiate between various angles on the chart.
█ Alerts
The indicator includes several alert conditions for price breakouts from the Gann Box and specific levels, enabling traders to be notified of significant market movements.
-----------------
Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
PRESTANA SQ9PRESTANA SQ9 - Advanced Analysis with Revised Square of 9 and Custom Gann Scale
Description:
PRST SQ9 is an innovative technical analysis tool that revolutionizes the use of the Square of 9 by integrating it with a custom Gann scale and the application of solar degrees. This unique script stands out for its ability to generate more precise levels of analysis compared to traditional market indicators.
Key Features:
Customizable Price Scale (Price Unit): By adjusting the 'price unit' and 'factor', our script allows for extremely precise levels of analysis. This approach provides greater flexibility and adaptability to various market conditions.
Application of Solar Degrees: A distinct feature of our script is the use of solar degrees, offering an alternative perspective to the traditional Square of 9 scale. This allows for a broader range of analysis and the identification of key market turning points.
Customizable Configuration: Users can set the desired time frame (TF) and adjust the 'price unit' and 'factor' to suit their specific needs. For instance, settings like 1, 4, 16, 64, 256, or 2, 8, 32, 128 can be used to calibrate the indicator.
Usage Guide:
Setting the Time Frame and Price Unit: Select the TF you wish to analyze and set the 'price unit' to values like 1 or 2, and their multiples (e.g., 4, 16, 64, 256 for 'price unit' 1).
Adjusting the Factor: Modify the 'factor' to correspond to the degrees you want to explore on the Square of 9. For example, a 'factor' of 1 corresponds to 180°, 2 to 360°, 0.5 to 90°, etc.
Time Analysis: For time analysis, set the degrees for the cycle you wish to observe and the reference TF.
Uniqueness and Added Value:
PRST SQ9 stands out for its ability to merge the Square of 9 with a dynamic price scale and the application of solar degrees, offering users a richer and more varied technical analysis. This unique approach provides traders with a powerful tool to navigate the markets with greater precision and confidence.
Gann Dates█ INTRODUCTION
This indicator is very easy to understand and simple to use. It indicates important Gann dates in the future based on pivots (highs and lows) or key dates from the past.
According to W.D. Gann the year can be seen as a cycle or one full circle with 365 degrees. The circle can be symmetrically divided into equal sections at angles of 30, 45, 60, etc. The start of the cycle can be a significant key date or a pivot in the chart. Hence there are dates in the calendar, that fall on important angles. According to W.D. Gann those are important dates to watch for significant price movement in either direction.
In combination with other tools, this indicator can help you to time the market and make better risk-on/off decisions.
█ HOW TO USE
ibb.co
You need to adjust the settings depending on the chart. The following parameters can be adjusted:
Gann angles: The script will plot dates that are distant from pivots by a multiple of this.
Gann dates per pivot: The amount of dates that will show.
Search window size for pivots: This is how the local highs and lows are detected in the chart. The smaller this number the more local highs and lows will show.
You also have the option to hide dates derived from lows/highs, or show dates based on two custom key dates.
█ EXAMPLES
The following chart shows the price of Gold in USD with multiples of 20 days from local pivots.
The following chart shows the price of Bitcoin in USD with multiples of 30 weeks from two custom dates (in this case the low in late 2018 and the low in late 2022).
ESZ2023 M1 SR v231019E-mini S&P 500 Futures ESZ2023 Contract Gann Support & Resistance
Description:
Support and resistance angles based on starting date and time stamp and ending date and time stamp, extended to the right in time to show interaction with price. The method of drawing these Gann angles is different than other previously published “Gann angles” and uses an esoteric WD Gann time & price squaring calculation method that he never explicitly published but hid in plain sight in his book " Tunnel Thru the Air ". In the spirit of preserving the originality of Gann’s work, the underlying logic is not being explicitly disclosed here, only an expression of the logic derived from a ‘key’ he left us in his book.
Gann's methods were originally meant for position trading and swing trading larger timeframes. Here these Gann support and resistance levels have been adapted for intraday on the 1-minute chart.
While Gann’s method of calculating support and resistance levels works on any timeframe and instrument, these specific levels published have been calculated for the E-mini S&P 500 Futures ESZ2023 Contract.
What the script does, how it does it and how to use it:
This script draws angles on a chart that represent likely areas where price will encounter support or resistance according to what Gann called the “law of vibration”, suggesting that every instrument moved within its own vibrational frequency.
Gann’s law of vibration can be expressed on a chart as ripples created in still water are expressed by applying surface tension on the water to create the ripples. Similarly, to ripples in water, Gann’s price impulse waves cause price oscillation or ‘ripples’ that resonate through time. These support and resistance levels were calculated based on a single impulse wave in time. The angles represent where time and price square out relative to the impedance of the originating impulse wave.
To use the script, simply apply it to an ES chart on the 1-minute time frame. For improved readability, you should apply a dark theme to your chart. To troubleshoot instances where the lines won’t show for whatever reason, try refreshing the browser or re-applying the script. Panning backwards on the chart to where the line angles start will also get the angle lines to reappear.
What the Different Lines Mean:
Red – These are called ‘axis’ lines and represent very critical support and resistance levels that can signal major trend changes. The axis lines stem from a single impedance point of origin.
Yellow – These are called ‘node’ lines and represent minor support and resistance levels that can signal where price will target or retrace to as it moves towards a higher timeframe price objective. Nodal lines stem from an upper and lower node relative to the wave’s impedance center.
Preserving the Originality of the Script and Usefulness of the Lines Code:
The script dates and timestamps are being protected to deter the proliferation of tampered versions of these Gann calculations which will detract from their usefulness and make it harder for other TradingView users to find the original publisher source.
Murrey Math Horizontal/Diagonal + Subharmonics 0 - 12 [All-Time]The Murrey Math lines are created by dividing the range between the high and low of the monthly timeframe prices into equal parts based on the division factor from 2 to 12.
No matter which timeframe you will use, because the calculations based on the most high and low price values.
Better to use > monthly timeframe for faster calculations.
These lines serve as potential support and resistance levels.
The midlines are dashed lines representing the midpoint between two consecutive Murrey Math lines.
The diagonal lines can be enabled to show two different types or both types. These lines connect the highs or lows of the price bars in a diagonal manner.
The subharmonic lines represent smaller divisions within each Murrey Math range. They can be customized to show only strong subharmonics or all subharmonics. Subharmonics are calculated based on the division factor and can provide additional support and resistance levels within the Murrey Math framework.
This script helps visualize the Murrey Math levels and their associated lines on a trading chart, aiding traders in identifying potential price levels for decision-making.
The most strong levels which I tested were: 2, 4, 6, 8, 12.
I was inspired by Gann's work and i tried to implement this indicator.
It's the most accurate version of Murrey Math calculations, you can set the value of 8 which Gann was used but I did up to 12 because of my experiments and I would recommend you to use the value of 12.
This indicator can be used for all types of markets.
Also note, that the strong levels described above is tested on division by 12 setting.
Anyway, you can use the divison of 8 and use the standart strong s/r levels.
(for more information search for Gann 2.0 support resistance on the internet).
Also note: this information is not a financial advice, just my opinion to the indicator I implemented. Please use this indicator wisely and focus to save your money, not earn.
I wish you profitable trades, stick to your risk/money management and the key entry points!
Gann Angles EnterpriseThe Gann Angles indicator is a tool based on the methods developed by William Delbert Gann. It is designed to analyze and forecast price movements in financial markets. The indicator automatically calculates the angle scale using Gann, Herzhik, Heliker, and Borovski methods. Additionally, users have the option to manually input their own angle scale.
The Gann methods and those of his followers are based on representing price movements as geometric shapes such as triangles, squares, and circles. Gann believed that price movements adhere to certain patterns and that future changes can be predicted based on these geometric forms.
The Gann Angle indicator allows users to identify the angles of trend and their strength. It plots template lines with different angles of inclination on the price chart, representing support and resistance levels. These levels can be used to determine entry and exit points in the market, as well as to set stop-loss and profit levels.
When automatically calculating the angle scale, the indicator takes into account various factors such as the current trend, market volatility, and the period of analyzed data. It applies relevant formulas and algorithms to determine optimal angles of inclination and create a fan-like pattern of angles.
However, the indicator also provides the option for users to manually input their own angle scale. This allows analysts or traders to customize the indicator according to their own preferences and strategies.
Overall, the Gann Angle indicator is a powerful tool for technical analysis in financial markets. It helps identify key support and resistance levels and provides information about the trend and its strength. Combining the automatic calculation of the angle scale with the option to input a manual scale gives users flexibility and adaptability in using the indicator. They can consider their own preferences, experience, and unique market conditions when determining angles of inclination and support/resistance levels.
It is important to note that the effectiveness of the Gann Angle indicator, whether using an automatic or manual scale, depends on proper analysis and interpretation of the results. Users should have knowledge and understanding of Gann's methods to make informed decisions based on the data provided by the indicator.
In conclusion, the Gann Angle indicator with automatic and manual angle scale calculation provides users with a powerful tool for analyzing and forecasting price movements in financial markets. It combines the fundamental principles of William Delbert Gann's methods with flexibility and customization to meet the needs of various traders and analysts.
The different methods of calculating the scale give traders the flexibility to choose the follower's school they prefer.
The features of the indicator include:
Mandatory knowledge of Gann's methods.
Use as a template for drawing angles and fan patterns.
Selection of scale calculation options:
Heliker
Herzhik
Gann
Borovski
Manual input of the scale
Working principle:
The indicator is used as a template.
After installing the indicator and configuring it, the trader needs to draw a trend line (or a pre-drawn fan) along the desired angle(s).
Without changing the inclination, the trader simply moves this line to the desired extreme for further analysis.
Gann Box by time frame
█ OVERVIEW
This script is designed to plot Gann boxes within a specific time frame candle. That means, you can get your intraday Gann box with one click and zoom in to low time frame. Highs and lows are set by candle chosen, you can display the yearly Gann box if that's something you want to view!
In addition, this script can highlight the golden ratio and its inverse ( .618 & .382 ) within the box itself. You have the option to select between a daily, a weekly, or a monthly candle. Not to mention that you have the ability to select a multiplier to those candles, where for example, you would be able to plot the 3 month ( quarterly ) gann box. or the yearly by selecting 12 months! This script includes zero, one and two divisions to Gann box. The first division would get you the sun lines only. while the first division has the middle 0.5 point and so on. This script is meant to be used as a one-click fast solution. Highs and lows get adjusted as the chart breaks those levels automatically.
█ Future Plans and upgrades to this script may include :
1. Adding more divisions.
2. Data box that shows box stats and performance.
3. More geometrical features such as the spirals and the circles on demand by one click.
and more! feel free to let me know what you'd like to see!
█ How to use :
1. Put the script on your chart
2. Navigate to the settings
3. Select your box's time frame.
give the script a few seconds and you should be set.
This script is coded as an addon to the Gann ToolBox package/scripts.
Intraday Buy/Sell using Gann Angles - RiTzIntraday Buy/Sell Levels using Gann Angles based on Todays Open/previous Day High/Low/Close prices
How to use this :
The Buy/Sell levels will be calculated on 1 of 4 things (you can choose any one which you prefer)
1. Todays Open price
2. Previous Day High
3. Previous Day Low
4. Previous Day Close
The Buy/Sell levels will be displayed in these ways
1. In a Table
2. on the Chart
You can turn them on/off according to your preference!
I can't seem to find the original documentation or a link to it.
i have it's excel file, in which we have to enter following data :
1. Todays Open price
2. Previous Day High
3. Previous Day Low
4. Previous Day Close
and the buy/sell levels are calculated by using the above data in following manner :
Based On Today's Opening Price
(lets call it TDO)
Degree's````````````````` Degree Factor```````````````````````` Buy````````````````````````` Sell
11.25```````````````````` =degree/180=11.25/180=0.0625````````` =(sqrt(TDO)-0.0625)^2``````` =(sqrt(TDO)+0.0625)^2````` SL
22.5````````````````````` =degree/180=22.5/180=0.125``````````` =(sqrt(TDO)+0.125)^2```````` =(sqrt(TDO)-0.125)^2`````` Buy/Sell At
45``````````````````````` =degree/180=45/180=0.25`````````````` =(sqrt(TDO)+0.25)^2````````` =(sqrt(TDO)-0.25)^2``````` Target-1
90``````````````````````` =degree/180=90/180=0.5``````````````` =(sqrt(TDO)+0.5)^2`````````` =(sqrt(TDO)-0.5)^2```````` Target-2
135`````````````````````` =degree/180=135/180=0.75````````````` =(sqrt(TDO)+0.75)^2````````` =(sqrt(TDO)-0.75)^2``````` Target-3
180`````````````````````` =degree/180=180/180=1```````````````` =(sqrt(TDO)+1)^2```````````` =(sqrt(TDO)-1)^2`````````` Target-4
225`````````````````````` =degree/180=225/180=1.25````````````` =(sqrt(TDO)+1.25)^2````````` =(sqrt(TDO)-1.25)^2``````` Target-5
270`````````````````````` =degree/180=270/180=1.5`````````````` =(sqrt(TDO)+1.5)^2`````````` =(sqrt(TDO)-1.5)^2```````` Target-6
315`````````````````````` =degree/180=315/180=1.75````````````` =(sqrt(TDO)+1.75)^2````````` =(sqrt(TDO)-1.75)^2``````` Target-7
360`````````````````````` =degree/180=360/180=2```````````````` =(sqrt(TDO)+2)^2```````````` =(sqrt(TDO)-2)^2`````````` Target-8
sqrt = square root
TDO = Today's Opening Price
PDH = Previous Days High
PDL = Previous Days Low
PDC = Previous Days Close
Based On Previous Days High Price
(lets call it PDH)
Degree's````````````````` Degree Factor```````````````````````` Buy````````````````````````` Sell
11.25```````````````````` =degree/180=11.25/180=0.0625````````` =(sqrt(PDH)-0.0625)^2``````` =(sqrt(PDH)+0.0625)^2````` SL
22.5````````````````````` =degree/180=22.5/180=0.125``````````` =(sqrt(PDH)+0.125)^2```````` =(sqrt(PDH)-0.125)^2`````` Buy/Sell At
45``````````````````````` =degree/180=45/180=0.25`````````````` =(sqrt(PDH)+0.25)^2````````` =(sqrt(PDH)-0.25)^2``````` Target-1
90``````````````````````` =degree/180=90/180=0.5``````````````` =(sqrt(PDH)+0.5)^2`````````` =(sqrt(PDH)-0.5)^2```````` Target-2
135`````````````````````` =degree/180=135/180=0.75````````````` =(sqrt(PDH)+0.75)^2````````` =(sqrt(PDH)-0.75)^2``````` Target-3
180`````````````````````` =degree/180=180/180=1```````````````` =(sqrt(PDH)+1)^2```````````` =(sqrt(PDH)-1)^2`````````` Target-4
225`````````````````````` =degree/180=225/180=1.25````````````` =(sqrt(PDH)+1.25)^2````````` =(sqrt(PDH)-1.25)^2``````` Target-5
270`````````````````````` =degree/180=270/180=1.5`````````````` =(sqrt(PDH)+1.5)^2`````````` =(sqrt(PDH)-1.5)^2```````` Target-6
315`````````````````````` =degree/180=315/180=1.75````````````` =(sqrt(PDH)+1.75)^2````````` =(sqrt(PDH)-1.75)^2``````` Target-7
360`````````````````````` =degree/180=360/180=2```````````````` =(sqrt(PDH)+2)^2```````````` =(sqrt(PDH)-2)^2`````````` Target-8
Based On Previous Days Low Price
(lets call it PDL)
Degree's````````````````` Degree Factor```````````````````````` Buy````````````````````````` Sell
11.25```````````````````` =degree/180=11.25/180=0.0625````````` =(sqrt(PDL)-0.0625)^2``````` =(sqrt(PDL)+0.0625)^2````` SL
22.5````````````````````` =degree/180=22.5/180=0.125``````````` =(sqrt(PDL)+0.125)^2```````` =(sqrt(PDL)-0.125)^2`````` Buy/Sell At
45``````````````````````` =degree/180=45/180=0.25`````````````` =(sqrt(PDL)+0.25)^2````````` =(sqrt(PDL)-0.25)^2``````` Target-1
90``````````````````````` =degree/180=90/180=0.5``````````````` =(sqrt(PDL)+0.5)^2`````````` =(sqrt(PDL)-0.5)^2```````` Target-2
135`````````````````````` =degree/180=135/180=0.75````````````` =(sqrt(PDL)+0.75)^2````````` =(sqrt(PDL)-0.75)^2``````` Target-3
180`````````````````````` =degree/180=180/180=1```````````````` =(sqrt(PDL)+1)^2```````````` =(sqrt(PDL)-1)^2`````````` Target-4
225`````````````````````` =degree/180=225/180=1.25````````````` =(sqrt(PDL)+1.25)^2````````` =(sqrt(PDL)-1.25)^2``````` Target-5
270`````````````````````` =degree/180=270/180=1.5`````````````` =(sqrt(PDL)+1.5)^2`````````` =(sqrt(PDL)-1.5)^2```````` Target-6
315`````````````````````` =degree/180=315/180=1.75````````````` =(sqrt(PDL)+1.75)^2````````` =(sqrt(PDL)-1.75)^2``````` Target-7
360`````````````````````` =degree/180=360/180=2```````````````` =(sqrt(PDL)+2)^2```````````` =(sqrt(PDL)-2)^2`````````` Target-8
Based On Previous Days Close Price
(lets call it PDC)
Degree's````````````````` Degree Factor```````````````````````` Buy````````````````````````` Sell
11.25```````````````````` =degree/180=11.25/180=0.0625````````` =(sqrt(PDC)-0.0625)^2``````` =(sqrt(PDC)+0.0625)^2````` SL
22.5````````````````````` =degree/180=22.5/180=0.125``````````` =(sqrt(PDC)+0.125)^2```````` =(sqrt(PDC)-0.125)^2`````` Buy/Sell At
45``````````````````````` =degree/180=45/180=0.25`````````````` =(sqrt(PDC)+0.25)^2````````` =(sqrt(PDC)-0.25)^2``````` Target-1
90``````````````````````` =degree/180=90/180=0.5``````````````` =(sqrt(PDC)+0.5)^2`````````` =(sqrt(PDC)-0.5)^2```````` Target-2
135`````````````````````` =degree/180=135/180=0.75````````````` =(sqrt(PDC)+0.75)^2````````` =(sqrt(PDC)-0.75)^2``````` Target-3
180`````````````````````` =degree/180=180/180=1```````````````` =(sqrt(PDC)+1)^2```````````` =(sqrt(PDC)-1)^2`````````` Target-4
225`````````````````````` =degree/180=225/180=1.25````````````` =(sqrt(PDC)+1.25)^2````````` =(sqrt(PDC)-1.25)^2``````` Target-5
270`````````````````````` =degree/180=270/180=1.5`````````````` =(sqrt(PDC)+1.5)^2`````````` =(sqrt(PDC)-1.5)^2```````` Target-6
315`````````````````````` =degree/180=315/180=1.75````````````` =(sqrt(PDC)+1.75)^2````````` =(sqrt(PDC)-1.75)^2``````` Target-7
360`````````````````````` =degree/180=360/180=2```````````````` =(sqrt(PDC)+2)^2```````````` =(sqrt(PDC)-2)^2`````````` Target-8
example based On Today's Opening Price = 4339
Degree's```````` Degree Factor```````` Buy`````````` Sell
11.25``````````` 0.0625``````````````` 4330.77`````` 4347.24```````` SL
22.5```````````` 0.125```````````````` 4355.48`````` 4322.55```````` Buy/Sell At
45`````````````` 0.25````````````````` 4372.00`````` 4306.13```````` Target-1
90`````````````` 0.5`````````````````` 4405.12`````` 4273.38```````` Target-2
135````````````` 0.75````````````````` 4438.37`````` 4240.76```````` Target-3
180````````````` 1```````````````````` 4471.74`````` 4208.26```````` Target-4
225````````````` 1.25````````````````` 4505.24`````` 4175.88```````` Target-5
270````````````` 1.5`````````````````` 4538.86`````` 4143.64```````` Target-6
315````````````` 1.75````````````````` 4572.61`````` 4111.51```````` Target-7
360````````````` 2```````````````````` 4606.48`````` 4079.52```````` Target-8
Note : ignore the '`' , inserted them to fill up the spaces , it was looking very weird!, tried to fix it as much as I can.
Note :- Please correct me if I'm wrong , as I've already mentioned I don't have it's original documentation.
if anyone can find it or already has it then please feel free to share it.
Gann ToolsThis is basically an updated version of my scripts with additional features, all in one instead of 3 separated scripts,
The script includes the following but not limited to:
1- Price Angles (Angles of Square of 9) with the ability to add extra primary angles or whole cycles, and the customization of every line color and style and more
2- Gann Star with the customization of every line color and style and more
3- Gann Grid with the customization of every line color and style and more
4- Gann Fan/s, that can be drawn from the all 4 directions/points, with the customization of every line color and style and more
5- Gann Square (Sq of 52/90/144) with the ability to extend boxes in all directions, and of course with the customization of every line color and style
The only reason that made me create 3 separated scripts, is that there was a limit of 55 line per script, and I had to draw a lot of lines, specially in the Grid, now that limit is 500 (crazy right?).
You can now select the starting point with a click instead of having to type the price by yourself, input whatever color you want for every single line that will be drawn on your screen.
I hope everyone enjoys using my indicator/s to plot their creativity on the chart.
Gann Angle Table Calculator PlotterThis indicator was build upon based on Gann Angle and Gann Multiplier as refered of The Tunnel Thru The Air Or Looking Back From 1940, written by WD Gann .
Credits to FaizHebat for calculation.
Indicator features :
1. Font size from tiny to huge.
2. Table position.
3. Color for cell table and plot can be input or reversed.
4. Plot can be show or hide and also price can be track.
5. Able show currency and decimal price.
6. Gann table and Calculation table can show or hide.
7. Each Gann point can be hide including plot and calculation.
8. For desktop display only, not for mobile.
Pros :
1. Can be used as single or more indicator. (Chart show 2 same indicator with different setup)
Cons :
1. Price must be input before selecting any Gann Point.
FAQ
1. Credits
WD Gann , The Tunnel Thru The Air Or Looking Back From 1940
FaizHebat
2. Code Usage
Free to use for personal usage.
Positive direction with Currency and Decimal
Positive direction with Currency and Decimal
Gann Planetary Lines█ OVERVIEW
Gann Planetary Lines is one of the most powerful Gann Tools that converts planetary longitude angles into price. This script can be used in many different ways, methods, and trading systems.
This Script allows you to Plot Mercury, Venus, Mars, Jupiter, Saturn, Uranus, Neptune, and Pluto. While also allowing you to select the planetary line mode "Heliocentric" or "Geocentric"
One more important feature about this script. It also allows you to plot in the harmonics of these planetary lines : "Wheel of 24" ,"Semi-Sextile", "Semi-Square", "Sextile", "Quintile", "Square", "Trine", and "Opposition "
And of course you will be able to select the color of each one of the planets when it comes to styling.
One more important thing to mention, Yes you will be able to select the $/° value so you can square these lines perfectly in your chart!
█ Future Plans and upgrades to this script may include :
1. Further lines into the futures.
2. An option to Enable and Disable the 0° vertical line when the planet transition from 360° to 0°
3. Labels around the planetary lines to distinguish between them not only by color by text as well.
And more! Feel free to contact me with any feature that you would like to see in this script
█ How to use :
First of all, select the appropriate $/° value.
Then select the planet you would like to use from the list in the script's option.
Select the mode of the planet, "Heliocentric" or "Geocentric"
Make sure to enable the planet by clicking on the check mark.
Then you will be able to see these planets on your chart.
Additionally, I have included an option to add the harmonics to your planetary lines!
Simply select the harmonics that you would like to have and give it 10 seconds and it should be in your chart.
This script is coded as an addon to the Gann ToolBox package/scripts.
price Degree on gann master chartThis indicator calculates price degree on gann' s master chart. it will plot degree of open (red stepline), close(green stepline), high(white cross), low(red cross).
I request, only people who know how to use gann master chart and degrees of price use this. no one made this indicator till now. It is highly potential tool for gann gann fans.
happy trading!
comment if you like.
HFD_LFD (Gann Square)this indicator predicts the next high and low price candle for the time frame that you selected. note that the pm input value that adjusts the range of this indicator. so I suggest a select the best number for your chart by try and error.
Good Trade
EK_Analysis
Gann StarA script to draw Gann Star given Cycle start point, Cycle space (or size), Cycle type (Bullish / Bearish)
You can customize Time Levels color and style and the rest of lines Color and Style
Telegram : @Kirolos_T
Gann Square of 9 Pivots By Dr. PWho loves Gann Square of 9? Lots of people.
Who likes calculating square of 9 and then manually putting lines on the chart? No one.
Here's a nifty little add-in that you can have draw your Gann Square of 9 pivot lines with just a little bit of configuration based on what is being traded.
Adjust the modifier value to match the price range being traded. I recommend 1 for prices 1-999, 10 for prices above 1000 (like BTC or AMZN), and .001 for Forex.
The base price from which the levels are calculated can be the high, low, hl2, etc. from the Month, Week, Day, Hour previous.
Adjust the rotation to move the levels up or down 360 degrees if the previous period's price was too high or low to put the levels on the current price.
Have fun with it, play with the settings, drop a like, or shoot me a comment for improvements/problems/questions.
Cheers!
Dr. P
Gann Square Of 9 LevelsThis script uses the last hlc3 value of 1H, 4H, D and/or W and rotates it 360º up/down with four increments of 90º to find out potential support and resistance areas. Can be used as a dynamic support & resistance tool or just to gauge how overbought/oversold the market is. Special thanks to @Nv56 for his assistance in writing this script.
Prices Resistances/SupportsHi All,
it is always important to have easily marking the resistances and supports of each move cycles for the pairs. i had made this script to readily allow for these locals Resistances/Supports depending on Gann square of 9. hope it will be useful.
please don't hesitate to ask for trail permission :)
