SW Gann DaysGann pressure days, named after the famous trader W.D. Gann, refer to specific days in a trading month that are believed to have significant market influence. These days are identified based on Gann's theories of astrology, geometry, and market cycles. Here’s a general outline of how they might be understood:
1. **Market Cycles**: Gann believed that markets move in cycles and that certain days can have heightened volatility or trend changes. Traders look for specific dates based on historical price movements.
2. **Timing Indicators**: Pressure days often align with key economic reports, earnings announcements, or geopolitical events that can cause price swings.
3. **Mathematical Patterns**: Gann used angles and geometric patterns to predict price movements, with pressure days potentially aligning with these calculations.
4. **Historical Patterns**: Traders analyze past data to identify dates that historically show strong price reactions, using this to predict future behavior.
5. **Astrological Influences**: Some practitioners incorporate astrological elements, believing that celestial events (like full moons or planetary alignments) can impact market psychology.
Traders might use these concepts to make decisions about entering or exiting positions, but it’s important to note that Gann's methods can be complex and are not universally accepted in trading communities.
Cerca negli script per "gann"
Gann RetracementThe indicator is based on W. D. Gann's method of retracement studies. Gann looked at stock retracement action in terms of Halves (1/2), Thirds (1/3, 2/3), Fifths (1/5, 2/5, 3/5, and 4/5) and more importantly the Eighths (1/8, 2/8, 3/8, 4/8, 5/8, 6/8, and 7/8). Needless to say, {2, 3, 5, 8} are the only Fibonacci numbers between 1 to 10. These ratios can easily be visualized in the form of division of a Circle as follows :
Divide the circle in 12 equal parts of 30 degree each to produce the Thirds :
30 x 4 = 120 is 1/3 of 360
30 x 8 = 240 is 2/3 of 360
The 30 degree retracement captures fundamental geometric shapes like a regular Triangle (120-240-360), a Square (90-180-270-360), and a regular Hexagon (60-120-180-240-300-360) inscribed inside of the circle.
Now, divide the circle in 10 equal parts of 36 degree each to produce the Fifths :
36 x 2 = 72 is 1/5 of 360
36 x 4 = 144 is 2/5 of 360
36 x 6 = 216 is 3/5 of 360
36 x 8 = 288 is 4/5 of 360
where, (72-144-216-288-360) is a regular Pentagon.
Finally, divide the circle in 8 equal parts of 45 degree each to produce the Eighths :
45 x 1 = 45 is 1/8 of 360
45 x 2 = 90 is 2/8 of 360
45 x 3 = 135 is 3/8 of 360
45 x 4 = 180 is 4/8 of 360
45 x 5 = 225 is 5/8 of 360
45 x 6 = 270 is 6/8 of 360
45 x 7 = 315 is 7/8 of 360
where, (45-90-135-180-225-270-315-360) is a regular Octagon.
How to Use this indicator ?
The indicator generates Gann retracement levels between any two significant price points, such as a high and a low.
Input :
Swing High (significant high price point, such as a top)
Swing Low (significant low price point, such as a bottom)
Degree (degree of retracement)
Output :
Gann retracement levels (color coded as follows) :
Swing High and Swing Low (BLUE)
50% retracement (ORANGE)
Retracements between Swing Low and 50% level (RED)
Retracements between 50% level and Swing High (LIME)
Double Numbered Triangle Chart Progression | RegressionThe Double-Numbered Triangle Progression | Regression Indicator enables forecasting of support and resistance levels by progressing or regressing on the Triangle Chart from a user-selected pivot price. The indicator also plots adjustable pivots on both the chart and the Triangle Price and Time Chart.
How to use to forecast support and resistance levels:
1. Select a Pivot Point: Set the correct price to the pivot by selecting High or Low in the indicator.
2. Set Price Increment: Choose a price increment to adjust the starting price on the Triangle Chart (e.g., 1 or -0.01).
3. Rotate to adjust the number of levels on the Triangle Chart.
4. Plot Levels: Choose the Left Edge, Center, or Right Edge of the Triangle Chart to plot support and resistance levels. These levels automatically expand or decrease depending on the number of levels in step 3. The selected angle's price values are applied to the chart with labels on both sides. The left labels represent the time variable, and the right labels indicate the price. The time variable is used in conjunction with my other indicator "Price and Longitude Angles." The same goes for the Double Numbered Square of Nine indicator.
5. Review Levels: Examine the plotted support and resistance levels with recent market pivots.
6. Identify Correlations: Find the Triangle edge or center that aligns with the most market pivots.
7. The indicator plots user-adjustable pivots on both candles/bars and shows their placement on the Triangle Chart in both Progression and Regression. This visualization helps users identify which angles the highs and lows favor from the selected pivot. Pivot levels' colors can be customized. The close price is plotted on the Triangle Chart in real time with a white background.
Each market has its tendencies, favoring specific angles from the Triangle Chart. The basic idea is to choose between the Left edge, Center, or Right edge of the Triangle to forecast support and resistance levels.
Settings:
Overview:
Example of Forecasting Support and resistance level using this indicator:
In the image above, I am regressing from the significant high at a rate of $-0.008 per cell as shown on the main info label. Based on the plotted pivots, I have chosen the right edge of the triangle as it aligns with these recent pivots. I have drawn a lime green vertical line to indicate that as we add layers to the triangle chart, we introduce support and resistance levels based on the identified angle that aligns with these early pivots from the high.
In the image below, I've moved forward in time to illustrate how the initial angle chosen based on the early pivots forecasted support and resistance levels on $DOGE. Do not expect the price to turn sharply at the levels the indicator generates. As P. Mikula mentions in his work, and I apply the same with the Triangle Chart, " The Square of Nine successfully defines market price swings but does not cause the market to form pivots. "
This indicator is inspired by the methodologies detailed by Patrick Mikula in his book, The Definitive Guide to Forecasting using W.D Gann's Square of Nine. I recommend checking it out. He also mentions another use case as a Triangle Price and Time chart in his book, Gann Scientific Method Unveiled, Volume 2, where you can use my open-source indicator "Price and Longitude Angle" alongside both the Doubled Numbered Square of Nine and this Triangle Chart indicator.
FYI, I am not affiliated with Patrick Mikula in any way.
Planned improvements include adding two more angles: Left Center column and Right Center column as additional options to select.
FYI: Please ensure you select the high when regressing from a high. Also, make sure to add enough layers on the Triangle to see all the pivots. Once you've identified an angle, you can hide the table to gain back space on the chart. Use rounding precision for lower prices.
Doubled Numbered Square of Nine Progression | RegressionThe Doubled Number Square of Nine Progression | Regression Indicator enables forecasting of support and resistance levels using the SQ9 progression or regression from a user-selected pivot price. The indicator also plots adjustable pivots on both the chart and the Square of Nine.
How to use to forecast support and resistance levels:
1. Select a Pivot Point: Choose a top or bottom pivot to use as the starting point. Select High or Low in the indicator to set the correct price to the pivot.
2. Set Price Increment or Decrement: Select a price increment to advance the starting price on the Square of Nine (for example 1 or -0.01).
3. Rotate to add or decrease the number of rungs on the Square on Nine: Rotate the Square of Nine and adjust the dimensions. The horizontal levels correlate to the rotation of the Square of Nine.
4. Plot Levels: Select a Square of Nine angle to plot the support and resistance levels based on the selected increments. These levels auto expand and decrease depending on the number of rotations in step 3. The price values from each of the selected diagonal or cardinal cross are applied to the chart with labels on both left and right. Left labels represent the cell the time variable and the right label is price.
5. Review Levels: Conduct a simple review of the plotted support and resistance levels in relation to recent market pivots.
6. Identify Correlations: Identify the Square of Nine cardinal cross or diagonal cross angle that correlates with the most market pivots.
7. The indicator plots user-adjustable pivots on both candles/bars and displays their placement on the Square of Nine in both Progression and Regression. The close price is plotted on the Square of Nine in real-time with a white background. This helps users identify which angles the highs and lows favor from the selected pivot. The pivot levels' colors can be adjusted.
Each market has its tendencies, favoring specific angles from the cardinal or diagonal cross. The basic idea is to choose between the diagonal cross and cardinal cross angles to forecast support and resistance levels.
Settings:
Overview:
Example on Forecasting Support and resistance level using this indicator:
In the image above, I'm progressing from the significant low at a rate of $200 per cell. Based on the plotted pivots, I've selected the 315-degree angle on the diagonal cross as it aligns with a few recent pivots. Now, I've drawn a vertical line to show that as we add rungs to the Square of Nine, we introduce support and resistance levels based on the identified angle that aligns with these early pivots from the low.
In the image below, I've moved forward in time to show how the initial angle selected based on the early pivot forecasted support and resistance levels around the high in BTC. Do not expect the price to turn sharply at the levels the indicator generates, but use it to help identify SQ9 levels that may form market turns. As P. Mikula mentions in his work, "The Square of Nine successfully defines market price swings but it does not make the market form pivots."
This indicator includes enhancements made to the Gann Square of Nine indicator originally created by @ThiagoSchmitz.
This indicator is inspired by the methodologies detailed by Patrick Mikula in his book " The Definitive Guide to Forecasting using W.D Gann's Square of Nine ." I recommend checking it out. He also mentions another use case as a Price and Time chart in his " Gann Scientific Method Unveiled, Volume 2 ." FYI, I am not affiliated with Patrick Mikula in any way.
Known Issues:
Close price plotted on the Square of Nine in Regression "from a high pivot" takes a current candle to close in order to be plotted. Progression works as expected.
Bilson Gann CountGann counting is a method for identifying swing points,trends, and overall market structure. It simplifies price action by drawing short trend lines that summarize moves.
There's essentially 4 types of bar/candle.
Up bar - Higher high and higher low than previous bar
Down bar - Lower high and lower low than previous bar
Inside bar - Lower high and higher low than previous bar
Outside bar - Higher high and lower low than previous bar
We use these determinations to decide how the trendline moves through the candles.
Up bars we join to the high, down bars we join to the low, inside bars are ignored.
There are other indicators that already exist which do this, the difference here is how we handle outside bars.
Other gann counting methods skip outside bars, this method determines how to handle the outside bar after the outside bar is broken.
examples
UP -> OUTSIDE -> UP = Outside bar treated as swing low
UP -> OUTSIDE -> DOWN = Outside bar treated as swing high
DOWN -> OUTSIDE -> UP = Outside bar treated as swing low
DOWN -> OUTSIDE -> DOWN = Outside bar treated as swing high
Gann's square of 9 overextended indicatorThis indicator is inspired by the book “The Definitive Guide to Forecasting Using W.D. Gann’s Square of Nine”. It’s designed to identify overextended price levels in the market.
The indicator uses the concept of Gann’s Square of 9, which is a method for forecasting price movements by observing geometric relationships between price and time. It calculates the square root of the price, then subtracts the square root of a simple moving average of the price. The difference is then converted to degrees to create the indicator values.
The indicator plots four horizontal lines, representing two upper and two lower thresholds. When the indicator crosses these lines, it suggests that the price may be overextended and a reversal could be imminent.
Please note that the Price Multiplier parameter needs to be adjusted for each timeframe and security to ensure accurate results. This is because different securities and timeframes can have different price scales, and the multiplier helps to normalize the price data for the calculation.
The indicator also includes a Moving Average Size parameter, which determines the length of the simple moving average used in the calculation.
This indicator can be a useful tool for traders looking to identify potential reversal points in the market. However, like all indicators, it should be used in conjunction with other forms of analysis and it’s not recommended to rely solely on this indicator for trading decisions.
Gann CalculatorThis indicator plots gann levels.
Go to settings and enter the latest gann level.
Enjoy..
Gann HiLo Activator Strategy█ OVERVIEW
Strategy based on the Gann Hilo Activator . This is a trend following strategy, which means it will go long (and close the previous short position) once the price closes above the high SMA, and go short (and close the previous long position) once the price closes below the low SMA.
█ PARAMETERS
- Length
- Displace (or offset): default is 1
- Begin from start: strategy will run since the beggining
- From year, month, day: Choose an specific date to start backtesting (must disable the parameter above to work)
█ HOW TO USE
After choosing the start date to run the strategy, you can change the length field and look at the backtest results to find the most optimal settings for the current symbol.
This strategy was tested on the stock and crypto market with good results. Hope you enjoy!
Gann HiLo ActivatorThe HiLo Activator study is a trend-following indicator introduced 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.
There are many scripts already published for this indicator, but I've found they didn't match the original one.
So here it is the Gann HiLo Activator as originally developed by Robert Krausz, in a 1998 article in the Stocks & Commodities magazine.
I've also added the option to select the type of Moving Average you would like to use.
Hope you enjoy!
Gann Square 9 Price Line Helper (Experimental)This indicator was intended as educational purpose only for Gann Square 9, specifically to show Cross and Cross Cardinal.
This indicator was build upon The Tunnel Thru The Air Or Looking Back From 1940, written by WD Gann .
Values shown is theoretical for basic understanding and may not represent actual market trend.
This pine script for educational purpose as basic understanding only, not recommend for actual trade and use at your on risk.
Indicator features :
1. Font size for table from tiny to huge.
2. Table can change position or hide.
2. For desktop display only, not for mobile.
3. All values can be selected individually or group to display individual or group lines and labels.
FAQ
1. Credits
WD Gann , The Tunnel Thru The Air Or Looking Back From 1940
2. Page involved
195 - 198
3. Code Usage
Free to use for personal usage.
Gann Fan Analysis v 3.0The openness of this community is amazing and I have gained a lot from being a member. Hopefully you think this is useful so I can give something back.
This indicator constructs a reference framework of Support and Resistance levels based on Gann Fan ratios. Two fans are created: Support or Bullish fan, and a Resistance or Bearish fan. The origin of the analysis is the lowest pivot in the analysis window set by the length input. The upper bound of the analysis is the highest pivot in the analysis window. This is the only user input that affects the fan calculation. The remaining user input controls the visualization of the fans. The fan calculations are updated as the high and low within the analysis window change. The resistance fan range is based on an assumed 70% retracement.
Indicator also highlights the active Support and Resistance lines of each fan. An alert is also included, based on the price crossing one of these active levels.
Currently I can't figure out how to get the analysis to extend beyond 278 or so bars (not sure what the limitation is) so it isn't really useful for intraday timeframes, but it is reliable on daily and above. I use it on a Weekly view with the analysis length set to 52, and on a daily timeframe with the length set to 260.
I included fractal visualization using Ricardo Santos' Fractals v9 script as a means of confirming the Gann Fan pivots. The two methods seems to correlate well, in my opinion.
The coding is terrible, I'm sure, so please overlook that as this my first complex effort. I'm a total amateur!
Gann ProgressionsThis is my attempt at progressions along the Gann wheel. Theoretically this script advances a numeral 45 degrees along the square of nine. The degree chosen (negative for bearish projections) can of course be customized and further subdivided as per your needs, but there is a slight flaw in the calculations that I am asking the community to take a look at, hopefully you all can give me a hand here. While the majority of the figures are correct, there seems to be some very slight discrepancies in the prices projected. If you are a Gann user, then you know how accurate they can be and as such, the discrepancies are not tolerable. Take a peek and let me know what you see that I am missing. Hope this script becomes helpful for all users.
Gann Squares + Midpoints It gives Gann Square and a midpoint closest to the price which act as support and resistance
gann fib levelsDescription of gann fib Levels
Input Value Level:
Purpose: This level is the starting point for calculating support and resistance. Users can input a specific high or low price value that serves as the foundation for subsequent calculations.
Visual Representation: A bold blue line indicates this level prominently on the chart, making it easy to identify. Additionally, a horizontal magenta line provides a reference to this initial price level.
Support Levels:
Definition: Support levels are price points where a downtrend can be expected to pause due to buying interest. They act as a floor that prevents the price from falling further.
Calculation: Support levels are derived by calculating the square root of the input value, adjusting it downward by a defined step (0.25), and squaring the result to find potential support points.
Visual Representation: Each support level is plotted with a red line when the current price is below the support level and changes to green when the price is above it. Every fourth support level is depicted with a bolder line for emphasis.
Resistance Levels:
Definition: Resistance levels are price points where an uptrend can be expected to pause due to selling interest. They serve as a ceiling that prevents the price from rising further.
Calculation: Resistance levels are calculated similarly to support levels, using the square root of the input value but adjusting it upward by the defined step (0.25) before squaring the result.
Visual Representation: Each resistance level is plotted with a green line when the current price is below the resistance level and turns red when the price is above it. Like support levels, every fourth resistance line is bolded for easier identification.
Dynamic Behavior:
Crossing Logic: When the current market price crosses above a resistance level, that level transforms into a support level, effectively changing its role. Conversely, if the price crosses below a support level, it transforms into a resistance level. This dynamic behavior reflects real-time market sentiment and helps traders identify potential reversal points.
Summary
This Pine Script provides a visual representation of dynamic support and resistance levels based on a user-defined input price. With distinct color coding and bold lines for significant levels, traders can quickly assess market conditions, identify potential buy or sell signals, and make informed trading decisions. The system's adaptability allows it to reflect the latest market movements, enhancing its utility as a trading tool.
Gann HiLo Activator [CC]The HiLo Activator was created by W.D. Gann and I was surprised to not see more of his technical indicators on here. I will start adding more of his indicators on here if I get more interest. This is the original version of the indicator that performs like a trailing stop that also works well as a trend line. Buy when the line turns green and sell when it turns red.
Let me know if there are any other indicators you want me to publish!
Gann Angles With VolatilityThis script will calculate the intraday levels using Gann angles and volatility principle.
Gann Trend OscillatorDeveloped by Robert Krausz, the Gann Trend Oscillator is a trend-following indicator used to determine the financial instruments long-term price direction.
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.
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!
