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.
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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
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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."
Gannanalysis
Gann swings [promuckaj]This indicator is a tool that could help the users what the market trend is at any time, based on legendary trader, Mr. William D. Gann .
Gann it self called this the “Trendline Indicator”, but modern traders call it Swing.
Gann’s primary use his techniques in correlation with this trading tool helping him achieve his phenomenal trading results.
Gann swings automatically displays the swing chart and trend on any timeframe you choose. There is option to set desired color and width of the trend line.
There is 3 types of settings to determine the swings, from 1 to 3 which represent the number of bars as confirmation for the swing bar. Default is 2.
There is labels on bars that gives information about each bar, is it up, down, inside or outside bar. This can be turned off/on.
🡱 - Up bar
🡳 - Down bar
⬍ - Outside bar
x - Inside bar
Indicator is also fully customizable to display break-out lines, which indicate potential trend changes ahead of time. There is option to choose whether you want to mark only first breaks in a row or you want all of them in case there is multiple ones in the same direction.
Gann swings is an indicator that EVERY trader and investor should have, it can provide vital information that can help to determine the trend of any market and information about the upswings and downswings.
Everyone enjoy trading !
P.S.:
I have in my mind some additional features as upgrade that can include data about each swing, like data for tops/bottoms date, time, price, range in % between swings, and bar count of each swing that is formed on the chart.
Gann Intraday Retracement Levels, by PVSharmaOne of the greatest technical analyst the world has seen, was The Legendary William Delbert Gann. He had simple, creative principles based on astronomical computations. Although he wasn't an intraday trader, his theories produced outcomes that are just as impressive as delivery trading.
On the basis of his approach, I have created an indicator based on intraday trades that offers high profits at extremely brief stop-losses.
This indicator has been well evaluated, and I can declare with confidence that its excellent performance are based on "buy at dip and sell on peak" principle. Although this indicator has been tested, it does not perform well enough in some instruments, such as Forex, some cryptocurrencies, and a few international commodities.
Please take note that this indicator is excellent for speculating on NSE indexes and is applicable to practically all NSE instruments (apart from Forex). I'm also working on several errors, that I plan to remedy and present to you in the near future
Magic levelsIt is by far the simplest on chart presentation of Gann square of 9. It calculates the levels based on previous day closing. These levels usually acts as support and resistance.
Gann Seasonal Dates V1.1Gann Seasonal Dates
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This script helps you spot important events in the market using Gann seasonal dates and cycles
This script inludes 4 major seasonal dates and 6 minor seasonal dates. All of which are very powerful if you are a time trader.
This script also complements the Gann ToolBox that I have on my tradingview page giving you good measurement of the market and some of its volatility dates.
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To get access to this add-on or for the full package including the toolbox you can see my information below.
GannLevelsHow to setup
This script gives ability to quickly add Gann levels on the chart. After adding this indicator on the chart, click setting and set base level. The base-level could be any number in Gann square.
This script will automatically calculate 7 levels below & above the base level. Each level will be at an angle of 22.5 deg in Gann square.
How to trade
This script will draw significant Gann levels on the chart. One may use this like a pivot level to trade.
Work of caution
This script is just an additional help to take trading discussion. This script does not give any buy or sell signals.
Let me know your feedback.
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.
