OPEN-SOURCE SCRIPT
Angled Gann Time-Price Squares with S/R

This is a Pine Script indicator that implements Angled Gann Time-Price Squares based on W.D. Gann's trading theory. Here's what it does:
Core Functionality
Detects pivot highs and lows using a configurable lookback period
Creates angled squares by connecting pivot points to current price action when specific geometric conditions are met
Validates square formation by checking if the price movement follows proper Gann angles (typically 45°, 135°, etc.) within a tolerance range
Key Features
Real-time square tracking: Shows both completed squares and forming squares in progress
Support/Resistance levels: Automatically generates S/R lines from:
Square edge extensions
Diagonal extensions (pivot centers)
Quarter/half levels within squares (25%, 50%, 75%)
Visual feedback: Color-coded squares (green for up, red for down, orange for forming)
Projection lines: Predicts where squares might complete based on Gann angle theory
Gann Theory Application
The indicator follows Gann's principle that time and price move in geometric harmony. It looks for price movements that form perfect squares when plotted on a chart, where the diagonal of the square represents the natural flow of price and time at specific angles.
The generated support/resistance levels are particularly valuable because they're based on completed geometric patterns rather than just horizontal price levels, making them potentially more significant according to Gann methodology.
Core Functionality
Detects pivot highs and lows using a configurable lookback period
Creates angled squares by connecting pivot points to current price action when specific geometric conditions are met
Validates square formation by checking if the price movement follows proper Gann angles (typically 45°, 135°, etc.) within a tolerance range
Key Features
Real-time square tracking: Shows both completed squares and forming squares in progress
Support/Resistance levels: Automatically generates S/R lines from:
Square edge extensions
Diagonal extensions (pivot centers)
Quarter/half levels within squares (25%, 50%, 75%)
Visual feedback: Color-coded squares (green for up, red for down, orange for forming)
Projection lines: Predicts where squares might complete based on Gann angle theory
Gann Theory Application
The indicator follows Gann's principle that time and price move in geometric harmony. It looks for price movements that form perfect squares when plotted on a chart, where the diagonal of the square represents the natural flow of price and time at specific angles.
The generated support/resistance levels are particularly valuable because they're based on completed geometric patterns rather than just horizontal price levels, making them potentially more significant according to Gann methodology.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menjadikannya sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Hormat untuk penulisnya! Meskipun anda dapat menggunakannya secara gratis, ingatlah bahwa penerbitan ulang kode tersebut tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
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 open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menjadikannya sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Hormat untuk penulisnya! Meskipun anda dapat menggunakannya secara gratis, ingatlah bahwa penerbitan ulang kode tersebut tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
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.