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.
在腳本中搜尋"gann"
Jurik-Filtered, Gann HiLo Activator [Loxx]Jurik-Filtered, Gann HiLo Activator is a Gann HiLo activator that has been smoothed using Jurik Filtering to reduce noise and better identify trending markets.
What is Gann HiLo
The HiLo Activator study is a trend-following indicator introduced by Robert Krausz as part of the Gann Swing trading strategy. In addition to indicating the current trend direction, this can be used as both entry signal and trailing stop.
Here is how the HiLo Activator is calculated:
1. The system calculates the moving averages of the high and low prices over the last several candles. By default, the average is calculated using the last three candles.
2. If the close price falls below the average low or rises above the average high, the system plots the opposite moving average. For example, if the price crosses above the average high, the system will plot the average low. If the price crosses below the average low afterward, the system will stop plotting the average low and will start plotting the average high, and so forth.
The plot of the HiLo Activator thus consists of sections on the top and bottom of the price plot. The sections on the bottom signify bullish trending conditions. Vice versa, those on the top signify the bearish conditions.
What is Jurik Volty used in the Juirk Filter?
One of the lesser known qualities of Juirk smoothing is that the Jurik smoothing process is adaptive. "Jurik Volty" (a sort of market volatility ) is what makes Jurik smoothing adaptive. The Jurik Volty calculation can be used as both a standalone indicator and to smooth other indicators that you wish to make adaptive.
What is the Jurik Moving Average?
Have you noticed how moving averages add some lag (delay) to your signals? ... especially when price gaps up or down in a big move, and you are waiting for your moving average to catch up? Wait no more! JMA eliminates this problem forever and gives you the best of both worlds: low lag and smooth lines.
Ideally, you would like a filtered signal to be both smooth and lag-free. Lag causes delays in your trades, and increasing lag in your indicators typically result in lower profits. In other words, late comers get what's left on the table after the feast has already begun.
Included
-Toggle bar color on/off
Gann High Low Activator AlertsA Gann High Low Activator within a fixed range meant for alerts. A value of 1 means we're in an uptrend, a value of -1 a downtrend, and a value of 0 is neutral.
Thank you and happy trading
Gann Square of 9(For Bursa Malaysia only)
This indicator will display nearest support and resistance from Gann Square of 9 Box.
Red line (Strongest)
Resistance
Support
Blue line (Moderate)
Act as support and resistance
Only workable for price lower than RM18.
GL Gann Swing IndicatorIntroduction
The GL Gann Swing Indicator is a versatile tool designed to help traders identify market trends, support and resistance areas, and potential reversals. This indicator applies the principles of Gann Swing Charts, a technique developed by W.D. Gann, which focuses on market swings to determine the overall direction and turning points of price action. Gann Swing Charts are a time-tested method of technical analysis that simplifies price action by focusing on significant highs and lows, thereby eliminating market noise and providing a clearer view of the trend.
By analyzing price action and determining swing directions and turning points, the indicator filters out market noise using four distinct bar types:
Up Bar: Higher High, Higher Low
Down Bar: Lower High, Lower Low
Inside Bar: Lower High, Higher Low
Outside Bar: Higher High, Lower Low
This approach helps traders to:
Identify the primary trend direction.
Determine key support and resistance levels.
Recognize potential reversal points.
Filter out minor price fluctuations that do not affect the overall trend.
Features
Bar Types: Display bar types by checking the Show Bar Type box in the indicator's settings. Up bars appear as green upward-pointing triangles, down bars as red downward-pointing triangles, inside bars as grey circles, and outside bars as blue diamonds. These visual aids help traders quickly identify the type of bar and its significance.
Break Lines: These lines highlight when the price rises above a previous swing high or falls below a prior swing low. Green lines indicate breaks of swing highs, while red lines indicate breaks of swing lows. Break lines are enabled by default but can be turned off in the indicator's settings. Break lines provide visual confirmation of trend continuation or reversal.
Bar Count: Bar counts help determine if a swing is overextended and if a reversal is likely. This feature is off by default but can be enabled in the indicator's settings. Users can set a minimum bar count to focus on significant swings. Analyzing the number of bars in a swing can help traders gauge the strength and potential exhaustion of a trend.
Swing MA (Moving Averages): This feature plots the average of a user-defined number of previous swing highs and lows. Options are available to add two moving averages, allowing for both fast and slow averages. Swing MAs can be enabled in the indicator's settings. These moving averages smooth out the price data, making it easier to identify the underlying trend direction.
Why This Indicator is Useful
The GL Gann Swing Indicator is particularly useful for several reasons:
Trend Identification: By focusing on significant price swings, the indicator helps traders identify the primary trend direction, making it easier to align trades with the overall market movement.
Noise Reduction: The indicator filters out minor price fluctuations, allowing traders to focus on meaningful market movements and avoid being misled by short-term volatility.
Support and Resistance Levels: By highlighting key swing highs and lows, the indicator helps traders identify crucial support and resistance levels, which are essential for making informed trading decisions.
Potential Reversals: The indicator's ability to identify overextended swings and potential reversal points can help traders anticipate market turning points and adjust their strategies accordingly.
Customizability: With options to display bar types, break lines, bar counts, and swing moving averages, traders can customize the indicator to suit their specific trading style and preferences.
By incorporating Gann Swing principles, the GL Gann Swing Indicator offers traders a powerful tool to enhance their technical analysis, improve their trading decisions, and ultimately achieve better trading outcomes.
Gann Square TechniqueThis is the Gann Square Technique that i saw from the YT channel "WD Gann Price & Time Technical Analysis". The horizontal lines can act like Fibonnacci Retracement
This script display Gann Fann/trend lines that u can use like support and resistance.
There can be a problem if u try to display all the squares and lines, this for the limitation of line for part of TradingView but easily u can display:
-Three Gann Squares only with Gann lines
-Three Gann Squares only with 1/8 lines
-Two Gann Squares with 1/4 lines and Gann lines
-Two Gann Squares with 1/6 lines and Gann lines
-One Gann Squares with 1/8 lines and Gann lines
-etc
Probably if u choose some option the Gann Squares will automatically adjust to the last candle, idk how to prevent that
Dynamic Gann Levels [XrayTrades]This indicator dynamically captures the highest and lowest points visible on the chart and calculates Gann Support and Resistance Levels. The inputs are detailed below.
Why create this indicator?
There is no other indicator with the same functionality on TradingView.
These calculations are time-consuming; the speed at which this indicator calculates any number of rotations and degrees and visually displays them on the chart is invaluable to me, and hopefully others who use/perform these calculations.
Works on any time frame:
Year, month, week, day, etc. Smaller timeframes (intraday) for higher prices may require adjusting the y-axis of the chart after the calculation of levels due to the nature of squaring numbers.
Inputs:
Resistance: Up (from pivot low) - This toggles on/off levels calculated from the lowest point visible on the chart’s current view.
Support: Down (from pivot high) - This toggles on/off levels calculated from the highest point visible on the chart’s current view.
360 - Toggles on/off the levels of full rotations (360 degrees) from price
180 - Toggles on/off the levels of half rotations (180 degrees) from price
90 - Toggles on/off the levels of quarter rotations (90 degrees) from price
45 - Toggles on/off the levels of eighth rotations (45 degrees) from price
Full Rotations Visible - The number of rotations to be displayed on the chart
How to use this indicator:
Adjust chart window to change the highs and lows.
Select the degrees, direction, and number of rotations in the indicator settings.
The colored values beside the indicator represent the values (high and low) used in generating the Gann levels. Should the cursor be on the chart, ensure it is to the right of the high and low pivots, as this is dynamic in TradingView depending upon cursor location. Note: This is only for the user to know which value(s) are used; cursor position does not impact actual calculations and levels displayed.
The levels will be drawn to the right of the most recent price, labeled with the degrees and direction as well as the price value at the level.
About the calculations:
These calculations are derived from the Natural Square Calculator of Gann Theory, also known as the Square of Nines.
Details:
Take the square root of the selected value (lowest and or highest point).
Add (for up or subtract for down) 0.25 for every 45 degrees of rotation to the desired calculation.
Square this. Round to two decimal places.
Ex: Low of 100. Calculate Gann resistance level for 360 degrees. (√(100)+2)² = 144.
Ex: High of 100. Calculate Gann support level for 180 degrees. (√(100)-1)² = 81.
Gann Price VibrationsCurrently there is no Script available for drawing Price Vibrations based on Gann theory. I have attempted to fill this gap. This indicator will draw Cycle lines based on Gann Theory. This is vey basic one. It draws lines at start/end of every cycle. One cycle is 360 degrees. Based on feedback, it will be upgraded further with lower Angles 90/180/270 degrees movement.
How to use it ? Once you load the indicator on the chart, edit settings and give current market price of Stock you are watching.
Example: If you are watching Reliance share price on chart, go to indicators/Public/Gann Price Vibrations. Once indicator is loaded, edit input Price as 2200. Then indicator will draw cycle lines.
How to trade ? Generally, it is assumed that stock prices move in cycles. Prices spend more time near these lines. So, if you find UP or Down breakout from cycle lines, take entry. For Long trade, Target is next upper line and stop loss is one line below. Similarly, for short trade, Target is next below line and stop loss is upper line. Just notice, how RIL is moving exactly within these cycles.
If you want to study historical charts, you need to enter Price value closer to that date.
Please Like it/Share it
Gann Swing Oscillator The Gann Swing Oscillator has been adapted from Robert Krausz's book,
"A W.D. Gann Treasure Discovered". The Gann Swing Oscillator helps
define market swings.
Gann Swing PointsIndicator Logic
This is a GANN-style swing indicator that classifies bars based on their high/low structure relative to the previous bar.
I strongly encourage you to replay bars on Tradingview using this indicator to get a sense of how it creates pivot (or swing) points
Bar Classification:
Up-Bar (direction: 'up'): Higher High and Higher Low (HH/HL)
Down-Bar (direction: 'down'): Lower High and Lower Low (LH/LL)
Outside-Bar (generates 2 directions):
Green: 'down' then 'up'
Red: 'up' then 'down'
Inside-Bar: No direction generated (HL/LH)
Swing Line Logic
The swing line continues in the current direction until n opposite directions are detected.
n is the "n-direction" parameter (commonly set to 2, so 2 consecutive opposite direction is needed to turn the swing)
When n opposing directions occur, the swing turns, creating a pivot point
Inside bar is ignored, so e.g up-bar -> inside-bar -> up-bar generates "up", "up" direction
A top pivot is formed when the swing turns down
A bottom pivot is formed when it turns up
Note: This swing logic is inherently lagging — it only confirms tops/bottoms after the fact
This swing structure gives the system a clear and noise-resistant way to identify pivot points (swing-points)
Gann Percentage of High & Low Prices for Options - Keanu_RiTzThis Indicator is based on the text from Chapter 4 "Percentage of High & Low Prices" page number "30" from the book "WD Gann 45 years in Wall Street".
This Indicator is to be used on Intraday Timeframes and only on Options Charts (CALL & PUT) and not on any other chart.
The following is the text from that page :-
One of the greatest discoveries I ever made was how to figure the percentage of high and low prices on the averages and individual stocks.
The percentages of extreme high and low levels indicate future resistance levels.
There is a relation between every low price to some future high price and a percentage of the low price indicates what levels to expect the next high price.
At this price you can sell out long stocks and sell short with a limited risk.
The extreme high price or any minor tops are related to future bottoms er low levels.
The percentage of the high price tells where to expect low prices in the future and gives you resistance levels where you can buy with a limited risk.
The most important resistance level is 50% of any high or low price.
Second in importance is 100% on the lowest selling price on the averages or individual stocks.
You must also use 200%, 300%, 400%, 500%, 600% or more, depending upon the price and the Time Periods from High and Low.
Third in importance is 25% of the Lowest price or the Highest price.
Fourth in importance is 121/2% of the extreme Low or extreme High price.
Fifth in importance is 61/4% of the Highest price, but this is only to be used when the averages or individual stocks are selling at very high levels.
Sixth in importance is 33 1/3 and 66 2/3%. These percentages should be calculated and watched for resistance next after 25% and after 50%.
You should always have percentage tables made up on the Industrial Averages and on the individual stocks you trade in in order to know where these important resistance levels are located.
Description :
It plots the Intraday % levels from the highest high and lowest low of that day.
The calculation of these levels is based on the text from Chapter 4 "Percentage of High & Low Prices" page number "30" from the book "WD Gann 45 years in Wall Street".
I developed this indicator to see if those percentages work on Options prices or not,
and from my observation I found that it works wonderfully in Options as well.
These % levels work like magic and act as great Dynamic Support and Resistance levels.
Don't trust my words blindly and see for yourself.
This indicator is for educational and research purpose only.
It does not provide any BUY/SELL signals.
Auto Fibonacci and Gann Fan/Retracements ComboIntroduction
This is a combination of Fibonacci and Gann fan/retracements.
The script can automatically draw as many:
Fibonacci Retracements
Fibonacci Fan
Gann Retracements
Gann Fan
as the user requires on the chart. Each level set or fan consists of 7 lines based on the most important ratios of Fibonacci/Gann.
Basics
What are Fibonacci retracements?
Fibonacci retracement levels are horizontal lines that indicate where support and resistance are likely to occur. They stem from Fibonacci’s sequence. Each level is associated with a percentage which is how much of a prior move the price has retraced. The Fibonacci retracement levels are 23.6%, 38.2%, 61.8%, and 78.6%. While not officially a Fibonacci ratio, 50% is also used. The indicator is useful because it can be drawn between any two significant price points, such as a high and a low. The indicator will then create the levels between those two points.
What are Gann retracements?
A developer of technical analysis and trading was W.D. Gann. Gann theory expects a normal retracement of 50 percent. This means that under normal selling pressure, the stock price will decline half the amount of its most recent rise, and vice versa. It also suggests that retracements occur at the halfway point of a move, such as 25 percent (half of 50 percent), 12.5 percent (half of 25 percent), and so on.
What is Fibonacci fan?
Fibonacci fan is a set of sequential trend lines drawn from a trough or peak through a set of points dictated by Fibonacci retracements. The first step to create it is to draw a trend line covering the local lowest and highest prices of a security. To reach retracement levels, the trader divides the difference in price at the low and high end by ratios determined by the Fibonacci series. The lines formed by connecting the starting point for the base trend line and each retracement level create the Fibonacci fan.
What is Gann fan?
A Gann fan consists of a series of lines called Gann angles. These angles are superimposed over a price chart to show potential support and resistance levels. The resulting image is supposed to help technical analysts predict price changes. Gann believed the 45-degree angle to be most important, but the Gann fan also draws angles at degrees like 75, 63.75, 26.25 and 15. The Gann fan originates at a low or high point. The resulting lines show areas of potential future support and resistance. The 45-degree line is known as the 1:1 line because the price will rise or fall at a 45-degree angle when the price moves up/down one unit for each unit of time. All other lines in the Gann fan are drawn above and below the 1:1 line. The other angles are associated with 2:1, 3:1, 4:1, 8:1 and 1:8, 1:4, 1:3, and 1:2 time-to-price moves.
Challenges
The most of the time I dedicated to writing this script has been spent on handling these problems:
1. Finding Local Highest/Lowest Prices
In order to draw Fibonacci and Gann fan/retracements, it's necessary to find local highest and lowest price points (Extrema) on the chart. As this could be so challenging, most traders and coders draw the lines covering the low and high prices over a given period of time or a limited number of bars back instead. I already wrote an indicator using this approach ( Auto Fibonacci Combo ).
In this new script I tried to find the exact highest and lowest prices based on this idea that: if a high point is formed lower than previous high which was after a lowest point, then that previous one was the local highest point, and vice versa if a low point is formed higher than previous low which was after a highest point, then that previous one was the local lowest point. So logically an extremum price on the chart won't be found until the next high/low point is formed.
2. Finding Proper Chart Scale for Gann Fan
Based on the theory, Gann angles are sensitive to the chart price scale and in order to have the right angles, the chart must be made with the proper scale. J.A. Hyerczyk in his book "Pattern, Price & Time - Using Gann Theory in Technical Analysis" suggests that the easiest way to determine the scale of a market is by taking the difference between top-to-top and bottom-to-bottom and dividing it by the time it took the market to move from top to top and bottom to bottom.
Thus on a properly constructed chart, the basic equation for calculating Gann angles is: Price * Time.
3. Drawing Fans and Relocating Fan Labels at Each New Bar in Pine (A Programming-Related Subject)
To do this, I used linear equations and line slopes. Of course it was so complicated and exhausting, but finally I overcame that thanks to my genius cousin.
Settings and Usage
By default, the script shows detected extremum points plus 1 Fibonacci fan, 1 Gann fan, 1 set of Fibonacci retracements and no Gann retracements on the chart. All of these could be changed in the indicator settings beside the color and transparency of each line.
Feel free to use this and send me your thoughts!
Dynamic GANN Square Of 9 BandsDynamic GANN Square Of 9 Bands
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:
WD Gann: Close Price X Bars Ago with Line or Candle PlotThis indicator is inspired by the principles of WD Gann, a legendary trader known for his groundbreaking methods in time and price analysis. It helps traders track the close price of a security from X bars ago, a technique that is often used to identify key price levels in relation to past price movements. This concept is essential for Gann’s market theories, which emphasize the relationship between time and price.
WD Gann’s analysis often revolved around specific numbers that he considered significant, many of which correspond to squared numbers (e.g., 1, 4, 9, 16, 25, 36, 49, 64, 81, 100, 121, 144, 169, 196, 225, 256, 289, 324, 361, 400, 441, 484, 529, 576, 625, 676, 729, 784, 841, 900, 961, 1024, 1089, 1156, 1225, 1296, 1369, 1444, 1521, 1600, 1681, 1764, 1849, 1936). These numbers are believed to represent natural rhythms and cycles in the market. This indicator can help you explore how past price levels align with these significant numbers, potentially revealing key price zones that could act as support, resistance, or reversal points.
Key Features:
- Historical Close Price Calculation: The indicator calculates and displays the close price of a security from X bars ago (where X is customizable). This method aligns with Gann's focus on price relationships over specific time intervals, providing traders with valuable reference points to assess market conditions.
- Customizable Plot Type: You can choose between two plot types for visualizing the historical close price:
- Line Plot: A simple line that represents the close price from X bars ago, ideal for those who prefer a clean and continuous representation.
- Candle Plot: Displays the close price as a candlestick chart, providing a more detailed view with open, high, low, and close prices from X bars ago.
- Candle Color Coding: For the candle plot type, the script color-codes the candles. Green candles appear when the close price from X bars ago is higher than the open price, indicating bullish sentiment; red candles appear when the close is lower, indicating bearish sentiment. This color coding gives a quick visual cue to market sentiment.
- Customizable Number of Bars: You can adjust the number of bars (X) to look back, providing flexibility for analyzing different timeframes. Whether you're conducting short-term or long-term analysis, this input can be fine-tuned to suit your trading strategy.
- Gann Method Application: WD Gann's methods involved analyzing price action over specific time periods to predict future movements. This indicator offers traders a way to assess how the price of a security has behaved in the past in relation to a chosen time interval, a critical concept in Gann's theories.
How to Use:
1. Input Settings:
- Number of Bars (X): Choose the number of bars to look back (e.g., 100, 200, or any custom period).
- Plot Type: Select whether to display the data as a Line or Candles.
2. Interpretation:
- Using the Line plot, observe how the close price from X bars ago compares to the current market price.
- Using the Candles plot, analyze the full price action of the chosen bar from X bars ago, noting how the close price relates to the open, high, and low of that bar.
3. Gann Analysis: Integrate this indicator into your broader Gann-based analysis. By looking at past price levels and their relationship to significant squared numbers, traders can uncover potential key levels of support and resistance or even potential reversal points. The historical close price can act as a benchmark for predicting future market movements.
Suggestions on WD Gann's Emphasis in Trading:
WD Gann’s trading methods were rooted in several key principles that emphasized the relationship between time and price. These principles are vital to understanding how the "Close Price X Bars Ago" indicator fits into his overall analysis:
1. Time Cycles: Gann believed that markets move in cyclical patterns. By studying price levels from specific time intervals, traders can spot these cycles and predict future market behavior. This indicator allows you to see how the close price from X bars ago relates to current market conditions, helping to spot cyclical highs and lows.
2. Price and Time Squaring: A core concept in Gann’s theory is that certain price levels and time periods align, often marking significant reversal points. The squared numbers (e.g., 1, 4, 9, 16, 25, etc.) serve as potential key levels where price and time might "square" to create support or resistance. This indicator helps traders spot these historical price levels and their potential relevance to future price action.
3. Geometric Angles: Gann used angles (like the 45-degree angle) to predict market movements, with the belief that prices move at specific geometric angles over time. This indicator gives traders a reference for past price levels, which could align with key angles, helping traders predict future price movement based on Gann's geometry.
4. Numerology and Key Intervals: Gann paid particular attention to numbers that held significance, including squared numbers and numbers related to the Fibonacci sequence. This indicator allows traders to analyze price levels based on these key numbers, which can help in identifying potential turning points in the market.
5. Support and Resistance Levels: Gann’s methods often involved identifying levels of support and resistance based on past price action. By tracking the close price from X bars ago, traders can identify past support and resistance levels that may become significant again in future market conditions.
Perfect for:
Traders using WD Gann’s methods, such as Gann angles, time cycles, and price theory.
Analysts who focus on historical price levels to predict future price action.
Those who rely on numerology and geometric principles in their trading strategies.
By integrating this indicator into your trading strategy, you gain a powerful tool for analyzing market cycles and price movements in relation to key time intervals. The ability to track and compare the historical close price to significant numbers—like Gann’s squared numbers—can provide valuable insights into potential support, resistance, and reversal points.
Disclaimer:
This indicator is based on the methods and principles of WD Gann and is for educational purposes only. It is not intended as financial advice. Trading involves significant risk, and you should not trade with money that you cannot afford to lose. Past performance is not indicative of future results. The use of this indicator is at your own discretion and risk. Always do your own research and consider consulting a licensed financial advisor before making any investment decisions.
OMA-Filtered, Gann HiLo Activator [Loxx]OMA-Filtered, Gann HiLo Activator is a Gann HiLo activator that uses OMA filtering instead SMA filtering. This GHA calculation also includes a variable for close period to further tune the indicator.
What is Gann HiLo?
The HiLo Activator study is a trend-following indicator introduced by Robert Krausz as part of the Gann Swing trading strategy. In addition to indicating the current trend direction, this can be used as both entry signal and trailing stop.
Here is how the HiLo Activator is calculated:
1. The system calculates the moving averages of the high and low prices over the last several candles. By default, the average is calculated using the last three candles.
2. If the close price falls below the average low or rises above the average high, the system plots the opposite moving average. For example, if the price crosses above the average high, the system will plot the average low. If the price crosses below the average low afterward, the system will stop plotting the average low and will start plotting the average high, and so forth .
The plot of the HiLo Activator thus consists of sections on the top and bottom of the price plot. The sections on the bottom signify bullish trending conditions. Vice versa, those on the top signify the bearish conditions.
Included
-Toggle bar color on/off
CFB Adaptive Gann HiLo Activator Histogram [Loxx]CFB Adaptive Gann HiLo Activator Histogram is a Composite-Fractal-Behavior-adaptive Gann HiLo activator in histogram form that has been smoothed using Jurik Filtering to reduce noise and better identify trending markets. This indicator is the CFB adaptive version of Jurik-Filtered, Gann HiLo Activator .
What is Gann HiLo
The HiLo Activator study is a trend-following indicator introduced by Robert Krausz as part of the Gann Swing trading strategy. In addition to indicating the current trend direction, this can be used as both entry signal and trailing stop.
Here is how the HiLo Activator is calculated:
1. The system calculates the moving averages of the high and low prices over the last several candles. By default, the average is calculated using the last three candles.
2. If the close price falls below the average low or rises above the average high, the system plots the opposite moving average. For example, if the price crosses above the average high, the system will plot the average low. If the price crosses below the average low afterward, the system will stop plotting the average low and will start plotting the average high, and so forth .
The plot of the HiLo Activator thus consists of sections on the top and bottom of the price plot. The sections on the bottom signify bullish trending conditions. Vice versa, those on the top signify the bearish conditions.
What is Composite Fractal Behavior ( CFB )?
All around you mechanisms adjust themselves to their environment. From simple thermostats that react to air temperature to computer chips in modern cars that respond to changes in engine temperature, r.p.m.'s, torque, and throttle position. It was only a matter of time before fast desktop computers applied the mathematics of self-adjustment to systems that trade the financial markets.
Unlike basic systems with fixed formulas, an adaptive system adjusts its own equations. For example, start with a basic channel breakout system that uses the highest closing price of the last N bars as a threshold for detecting breakouts on the up side. An adaptive and improved version of this system would adjust N according to market conditions, such as momentum, price volatility or acceleration.
Since many systems are based directly or indirectly on cycles, another useful measure of market condition is the periodic length of a price chart's dominant cycle, (DC), that cycle with the greatest influence on price action.
The utility of this new DC measure was noted by author Murray Ruggiero in the January '96 issue of Futures Magazine. In it. Mr. Ruggiero used it to adaptive adjust the value of N in a channel breakout system. He then simulated trading 15 years of D-Mark futures in order to compare its performance to a similar system that had a fixed optimal value of N. The adaptive version produced 20% more profit!
This DC index utilized the popular MESA algorithm (a formulation by John Ehlers adapted from Burg's maximum entropy algorithm, MEM). Unfortunately, the DC approach is problematic when the market has no real dominant cycle momentum, because the mathematics will produce a value whether or not one actually exists! Therefore, we developed a proprietary indicator that does not presuppose the presence of market cycles. It's called CFB (Composite Fractal Behavior) and it works well whether or not the market is cyclic.
CFB examines price action for a particular fractal pattern, categorizes them by size, and then outputs a composite fractal size index. This index is smooth, timely and accurate
Essentially, CFB reveals the length of the market's trending action time frame. Long trending activity produces a large CFB index and short choppy action produces a small index value. Investors have found many applications for CFB which involve scaling other existing technical indicators adaptively, on a bar-to-bar basis.
What is Jurik Volty used in the Juirk Filter?
One of the lesser known qualities of Juirk smoothing is that the Jurik smoothing process is adaptive. "Jurik Volty" (a sort of market volatility ) is what makes Jurik smoothing adaptive. The Jurik Volty calculation can be used as both a standalone indicator and to smooth other indicators that you wish to make adaptive.
What is the Jurik Moving Average?
Have you noticed how moving averages add some lag (delay) to your signals? ... especially when price gaps up or down in a big move, and you are waiting for your moving average to catch up? Wait no more! JMA eliminates this problem forever and gives you the best of both worlds: low lag and smooth lines.
Ideally, you would like a filtered signal to be both smooth and lag-free. Lag causes delays in your trades, and increasing lag in your indicators typically result in lower profits. In other words, late comers get what's left on the table after the feast has already begun.
Included
-Toggle bar color on/off
CFB Adaptive, Jurik-Filtered Gann HiLo Activator [Loxx]CFB Adaptive, Jurik-Filtered Gann HiLo Activator is a Composite-Fractal-Behavior-adaptive Gann HiLo activator that has been smoothed using Jurik Filtering to reduce noise and better identify trending markets. This indicator is the CFB adaptive version of Jurik-Filtered, Gann HiLo Activator .
What is Gann HiLo
The HiLo Activator study is a trend-following indicator introduced by Robert Krausz as part of the Gann Swing trading strategy. In addition to indicating the current trend direction, this can be used as both entry signal and trailing stop.
Here is how the HiLo Activator is calculated:
1. The system calculates the moving averages of the high and low prices over the last several candles. By default, the average is calculated using the last three candles.
2. If the close price falls below the average low or rises above the average high, the system plots the opposite moving average. For example, if the price crosses above the average high, the system will plot the average low. If the price crosses below the average low afterward, the system will stop plotting the average low and will start plotting the average high, and so forth .
The plot of the HiLo Activator thus consists of sections on the top and bottom of the price plot. The sections on the bottom signify bullish trending conditions. Vice versa, those on the top signify the bearish conditions.
What is Composite Fractal Behavior (CFB)?
All around you mechanisms adjust themselves to their environment. From simple thermostats that react to air temperature to computer chips in modern cars that respond to changes in engine temperature, r.p.m.'s, torque, and throttle position. It was only a matter of time before fast desktop computers applied the mathematics of self-adjustment to systems that trade the financial markets.
Unlike basic systems with fixed formulas, an adaptive system adjusts its own equations. For example, start with a basic channel breakout system that uses the highest closing price of the last N bars as a threshold for detecting breakouts on the up side. An adaptive and improved version of this system would adjust N according to market conditions, such as momentum, price volatility or acceleration.
Since many systems are based directly or indirectly on cycles, another useful measure of market condition is the periodic length of a price chart's dominant cycle, (DC), that cycle with the greatest influence on price action.
The utility of this new DC measure was noted by author Murray Ruggiero in the January '96 issue of Futures Magazine. In it. Mr. Ruggiero used it to adaptive adjust the value of N in a channel breakout system. He then simulated trading 15 years of D-Mark futures in order to compare its performance to a similar system that had a fixed optimal value of N. The adaptive version produced 20% more profit!
This DC index utilized the popular MESA algorithm (a formulation by John Ehlers adapted from Burg's maximum entropy algorithm, MEM). Unfortunately, the DC approach is problematic when the market has no real dominant cycle momentum, because the mathematics will produce a value whether or not one actually exists! Therefore, we developed a proprietary indicator that does not presuppose the presence of market cycles. It's called CFB (Composite Fractal Behavior) and it works well whether or not the market is cyclic.
CFB examines price action for a particular fractal pattern, categorizes them by size, and then outputs a composite fractal size index. This index is smooth, timely and accurate
Essentially, CFB reveals the length of the market's trending action time frame. Long trending activity produces a large CFB index and short choppy action produces a small index value. Investors have found many applications for CFB which involve scaling other existing technical indicators adaptively, on a bar-to-bar basis.
What is Jurik Volty used in the Juirk Filter?
One of the lesser known qualities of Juirk smoothing is that the Jurik smoothing process is adaptive. "Jurik Volty" (a sort of market volatility ) is what makes Jurik smoothing adaptive. The Jurik Volty calculation can be used as both a standalone indicator and to smooth other indicators that you wish to make adaptive.
What is the Jurik Moving Average?
Have you noticed how moving averages add some lag (delay) to your signals? ... especially when price gaps up or down in a big move, and you are waiting for your moving average to catch up? Wait no more! JMA eliminates this problem forever and gives you the best of both worlds: low lag and smooth lines.
Ideally, you would like a filtered signal to be both smooth and lag-free. Lag causes delays in your trades, and increasing lag in your indicators typically result in lower profits. In other words, late comers get what's left on the table after the feast has already begun.
Included
-Toggle bar color on/off
GANN Level (Salil Sir)GANN Level Indicator Description
This Pine Script calculates and plots Gann Levels based on a user-defined price input. It creates horizontal lines at key support and resistance levels derived from the input price, applying Gann's theory of market structure. The levels are dynamically calculated and squared for enhanced precision.
Key Features:
Manual Price Input:
The user inputs a round off of square root of base price (Manual_Input), which serves as the foundation for calculations.
Support and Resistance Levels:
Six resistance levels (R1 to R6) and six support levels (S1 to S6) are calculated by incrementing or decrementing the base price in steps of 0.25.
Squared Levels:
Each level is squared (level^2) to align with Gann's mathematical principles.
Visualization:
All levels, including the base price squared (GANN), are plotted as horizontal dotted lines:
Black Line: Base price squared (Gann Level).
Green Lines: Resistance levels.
Red Lines: Support levels.
Purpose:
The indicator helps traders identify potential support and resistance zones based on Gann's methodology, providing a mathematical framework for decision-making.
Usage:
Adjust the Manual Price in the settings to the desired value.
Observe the plotted levels for key support and resistance zones on the chart.
Use these levels to make informed trading decisions or to validate other indicators.
Gann SqrootGann indicators—based on trading techniques developed by W.D. Gann—are used in predicting support and resistance levels, as well as predict tops, bottoms, and future price moves.
Gann studies have been used by active traders for decades, and even though the futures and stock markets have changed considerably, they remain a popular method of analyzing an asset's direction.
Gann angles are a popular analysis and trading tool that are used to measure key elements, such as pattern, price, and time
Gann High Low StrategyGann High Low is a moving average based trend indicator consisting of two different simple moving averages.
The Gann High Low Activator Indicator was described by Robert Krausz in a 1998 issue of Stocks & Commodities Magazine. It is a simple moving average SMA of the previous n period's highs or lows.
The indicator tracks both curves (of the highs and the lows). The close of the bar defines which of the two gets plotted.
[RS]Fractal Auto Gann LinesEXPERIMENTAL:
GANN lines projection based on zigzag tops/bottoms, use at your own risk.
CM Gann Swing High Low V2CM Gann Swing High Low V2
Added Improvements:
Used PineScript “linebr" code so solid lines plot only when condition = true.
Via Inputs Tab:
Ability to Turn On/Off Highlight Bars When Crossing Above/Below Swing High Low
Ability to Turn On/Off Back Ground Highlights When Crossing Above/Below Swing High Low
Ability to Turn On/Off linebr plots.
Other Features: All Available Via Inputs Tab
Ability to Adjust Moving Average Values to adjust Sensitivity.
Ability to Turn On/Off Triangles Above/Below Bars based on Indicator.
Ability to Turn On/Off Triangles at Top And Bottom Of Screen Showing Direction of Indicator.
***Basically you have Option to View Indicator about every way possible.
***Special Thanks to Glaz for Original Code.
