Circles

Circles - Support & Resistance Levels
Overview
This indicator plots horizontal support and resistance levels based on W.D. Gann's mathematical approach of dividing 360 degrees by 2 and by 3. These divisions create natural price magnetism points that have historically acted as significant support and resistance levels across all markets and timeframes.
How It Works

360÷2 Levels (Blue): 5.63, 11.25, 33.75, 56.25, 78.75, etc.
360÷3 Levels (Red): 7.5, 15, 30, 37.5, 52.5, 60, 75, etc.
Both Levels (Yellow): 22.5, 45, 67.5, 90, 112.5, 135, 157.5, 180 - These are "doubly strong" as they appear in both calculations

Key Features

Auto-Scaling: Automatically adjusts for any price range (from $0.001 altcoins to $100K+ Bitcoin)
Manual Scaling: Choose from 0.001x to 1000x multipliers or set custom values
Full Customization: Colors, line widths, styles (solid/dashed/dotted)
Historical View: Option to show all levels regardless of current price
Clean Display: Adjustable label positioning and line extensions

Use Cases

Identify potential reversal zones before price reaches them
Set profit targets and stop losses at key mathematical levels
Confirm breakouts when price decisively moves through major levels
Works on all timeframes and all markets (stocks, crypto, forex, commodities)

Gann Theory
W.D. Gann believed that markets move in mathematical harmony based on geometric angles and time cycles. These 360-degree divisions represent natural balance points where price often finds support or resistance, making them valuable for both short-term trading and long-term analysis.
Perfect for traders who use:

Support/Resistance trading
Fibonacci levels
Pivot points
Mathematical/geometric analysis
Multi-timeframe analysis

Note di rilascio

The code will now attempt to scale the range above and below what is detected. This way you can see more levels based on the current multiplier.

Note di rilascio

Levels with a digital root of 9 now show in a different colour

Note di rilascio

Rebuilt the code. Now it will show correctly on percentage based charts too!

Note di rilascio

Small bug fix

Note di rilascio

Fixed the auto scaling for a few charts.

Note di rilascio

Minor Fix

Note di rilascio

Bug fix

Note di rilascio

Another bug fix for low caps in crypto

Note di rilascio

Another bug fix

Note di rilascio

Another attempt at clean level identification checks

Note di rilascio

Returning to an earlier version of the script which seemed to perform more consistently across charts until I have a better solution.

Note di rilascio

Script updated. Way more reliable across different charts. Works with percentage charts too.
There's also a repeat option to add levels on top of the range.

Note di rilascio

The nearest circle level now has a different style option so you can clearly see what the dominate level is.

Note di rilascio

Made the text size consistent

Note di rilascio

Updated the script so that if "Repeat levels" is turned on, it will always show the active level.

Note di rilascio

Added filter - so you only need to see the nearest, active level.

Note di rilascio

Summary of Changes
1. Autofilter Enhancement
When Autofilter is enabled, now shows 3 levels instead of 1:

Active level (green, closest to price)
First level above active (gray)
First level below active (gray)

New inputs added under "Active Level Colors" group:

Adjacent Level Line Color (default: gray)
Adjacent Level Label Background (default: gray)
Adjacent Level Label Text (default: white)

2. Update on Candle Close Only
New toggle in "Mode Settings" group:

Update Levels on Candle Close Only (default: true)

When enabled, the active level and multiplier calculations lock to the confirmed close price and won't flicker/change during live candle formation.

3. Symbol-Specific Multiplier Overrides
New "Symbol Overrides" input group with 10 slots:

Symbol 1 + Multiplier 1
Symbol 2 + Multiplier 2
... through to Symbol 10 + Multiplier 10

How it works:

Enter symbol name (e.g., BTCUSDT.P, ETHUSDT, SPY)
Uses flexible matching (partial match works)
Override takes priority over Auto Mode when matched

Debug table added (top-right corner) showing:

Current symbol
Override status (YES/Auto)
Active multiplier value

4. Removed Features

Real-time price line
Mirror price line
Price-to-active-level box (gradient fill)

Note di rilascio

Small Bug Fix

Note di rilascio

Updated the table so you compare the auto multiplier with the custom multiplier for more granular levels.

Script open-source

Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.

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Declinazione di responsabilità

Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.

Script open-source

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