DOCLAD_SYSTEM - Combined Indicator Description This TradingView indicator implements W.D. Gann's Square of 9 concept with several visual enhancements to help traders identify key support and resistance levels. The indicator automatically adapts to different market types (forex or stocks) and includes the following features:
Key Features
Support and Resistance Levels: Automatically calculates and displays multiple support and resistance levels based on Gann's Square of 9 theory, with customizable colors (green for support, red for resistance by default). Daily Open Line: Shows the daily opening price as a reference point, which serves as the base for all Gann calculations. Previous 4H Range Box: Displays a rectangular box showing the high-low range of the last 4-hour candle from the previous day, helping traders identify important price zones. Vertical Time Lines: Optional time-based vertical lines that mark 4-hour intervals, helping to visualize potential time-based turning points. Deviation Mode: Allows for fine-tuning of support and resistance levels with percentage-based deviations.
Customization Options
Line Styles: Choose between solid, dashed, or dotted lines Colors: Customize colors for support lines, resistance lines, daily open line, 4H rectangle, and time lines
Line Width: Adjust the thickness of all lines (1-5 pixels) Opacity Settings: Control the transparency of various elements Deviation Settings: Apply percentage-based adjustments to support and resistance levels
Technical Implementation
The indicator:
Automatically determines appropriate pip values based on the instrument Calculates Gann levels using the Square of 9 mathematical principle Finds the nearest support and resistance levels relative to the current price Creates both plot-based and line-based visualizations Updates dynamically as price moves
Usage This indicator is particularly useful for swing traders and day traders who follow Gann methods. The combination of price-based levels (support/resistance) and time-based markers (vertical lines) helps identify potential reversal zones where price and time align according to Gann's principles.
The 4-hour rectangular box from the previous day often serves as an important reference zone that price may revisit or respect. The indicator works on all timeframes but is most effective on 15-minute to 4-hour charts, where the time-based components provide the most value.
Skrip terproteksi
Skrip ini diterbitkan sebagai sumber tertutup. Namun, anda dapat menggunakannya secara bebas dan tanpa batasan apa pun – pelajari lebih lanjut di sini.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Skrip ini diterbitkan sebagai sumber tertutup. Namun, anda dapat menggunakannya secara bebas dan tanpa batasan apa pun – pelajari lebih lanjut di sini.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.