Gann Square of 9 Pivots By Dr. P
Who loves Gann Square of 9? Lots of people.
Who likes calculating square of 9 and then manually putting lines on the chart? No one.
Here's a nifty little add-in that you can have draw your Gann Square of 9 pivot lines with just a little bit of configuration based on what is being traded.
Adjust the modifier value to match the price range being traded. I recommend 1 for prices 1-999, 10 for prices above 1000 (like BTC or AMZN), and .001 for Forex.
The base price from which the levels are calculated can be the high, low, hl2, etc. from the Month, Week, Day, Hour previous.
Adjust the rotation to move the levels up or down 360 degrees if the previous period's price was too high or low to put the levels on the current price.
Have fun with it, play with the settings, drop a like, or shoot me a comment for improvements/problems/questions.
Cheers!
Dr. P
Who likes calculating square of 9 and then manually putting lines on the chart? No one.
Here's a nifty little add-in that you can have draw your Gann Square of 9 pivot lines with just a little bit of configuration based on what is being traded.
Adjust the modifier value to match the price range being traded. I recommend 1 for prices 1-999, 10 for prices above 1000 (like BTC or AMZN), and .001 for Forex.
The base price from which the levels are calculated can be the high, low, hl2, etc. from the Month, Week, Day, Hour previous.
Adjust the rotation to move the levels up or down 360 degrees if the previous period's price was too high or low to put the levels on the current price.
Have fun with it, play with the settings, drop a like, or shoot me a comment for improvements/problems/questions.
Cheers!
Dr. P
Phát hành các Ghi chú:
Hi everyone! Small update here, but a useful one, I think.
Based on a couple of user requests for yearly prices, I adjusted the script to allow the input of price manually. This allows the user to choose a price and the Gann Square of 9 levels will calculate on that instead of being based automatically on the timeframe.
To use manual price entry, simply check the manual price box in the settings and change the price to whatever value you wish. Usually, this would be a very significant pivot low from the past, but it can be a high as well.
All other adjustments are the same. I hope that this makes the script more useful... I really found that it made my long-term analysis much cleaner.
The automatic setting still has value, especially when actively trading and there is no time to update price when switching securities.
Enjoy! And, please send any additional requests my way.
Dr P
Based on a couple of user requests for yearly prices, I adjusted the script to allow the input of price manually. This allows the user to choose a price and the Gann Square of 9 levels will calculate on that instead of being based automatically on the timeframe.
To use manual price entry, simply check the manual price box in the settings and change the price to whatever value you wish. Usually, this would be a very significant pivot low from the past, but it can be a high as well.
All other adjustments are the same. I hope that this makes the script more useful... I really found that it made my long-term analysis much cleaner.
The automatic setting still has value, especially when actively trading and there is no time to update price when switching securities.
Enjoy! And, please send any additional requests my way.
Dr P
Phát hành các Ghi chú:
Just updating the screenshots to show the difference between auto and manual square of 9 line drawing. The colors were simply chosen using the preferences. The 90°,180°,270° are one color, while the 45°,135°,225°, and 315° are another.
This is the BTCUSD daily chart from Coinbase, and the modifier is set to 10. The auto script (left) is using the monthly timeframe to choose the pivot low, while the manual script (right) has a value of a pivot low that I chose and typed the value in.
As always, if the lines have the correct spacing (modifier), but are above or below the price, just adjust the rotation. If the lines are too close together, increase the modifier, and if they are too far apart, decrease the modifier. All lines are drawn to the corresponding square of 9 prices multiplied by the modifier and either added or subtracted rotations.
If this tool helps, hit the like button!
If there is something that you are interested in, drop me a message and I'll be happy to see if it can be worked in.
Upcoming ideas for this script:
-Square of 9 time periods
-Yearly timeframe for the auto script
-Somehow working the Law of Vibration into the chart. I don't understand it yet, and Amazon is sending me a few books that I need to read and study.
If anyone has resources that can help me understand Gann's true techniques better so that I can make square and true Gann tools send me all the links, videos, notes, or books that have worked for you.
If you have any effective trade management techniques using square and true methods that work in real life, I would love to have those included in this discussion or in private if they are not for public eyes.
As always, may the markets always be in your favour!
Dr. P
This is the BTCUSD daily chart from Coinbase, and the modifier is set to 10. The auto script (left) is using the monthly timeframe to choose the pivot low, while the manual script (right) has a value of a pivot low that I chose and typed the value in.
As always, if the lines have the correct spacing (modifier), but are above or below the price, just adjust the rotation. If the lines are too close together, increase the modifier, and if they are too far apart, decrease the modifier. All lines are drawn to the corresponding square of 9 prices multiplied by the modifier and either added or subtracted rotations.
If this tool helps, hit the like button!
If there is something that you are interested in, drop me a message and I'll be happy to see if it can be worked in.
Upcoming ideas for this script:
-Square of 9 time periods
-Yearly timeframe for the auto script
-Somehow working the Law of Vibration into the chart. I don't understand it yet, and Amazon is sending me a few books that I need to read and study.
If anyone has resources that can help me understand Gann's true techniques better so that I can make square and true Gann tools send me all the links, videos, notes, or books that have worked for you.
If you have any effective trade management techniques using square and true methods that work in real life, I would love to have those included in this discussion or in private if they are not for public eyes.
As always, may the markets always be in your favour!
Dr. P