OPEN-SOURCE SCRIPT
Gann Solar Noon Candles
Gann 12:15 Candles is an original indicator inspired by W.D. Gann's theory of time. The core idea is that the critical angle points of the Sun's daily cycle (0°, 90°, 180°, 270°) create significant turning points in financial markets.
How It Works?
The Sun reaches its peak at local noon (12:15) each day. This moment corresponds to the 0° angle for that region. 00:15 (midnight) represents 180° — the exact opposite point. The 12:15 moments of New York, London, and China carry the same astrological significance for their respective regions.
The candles formed at these critical times act as support and resistance points in the market. The high and low levels of the candle at that time become critical zones that price tests in subsequent bars. The direction of the breakout determines the short-term trend direction.
For example, if the low of the 12:15 candle (Turkey time) is broken, the decline may continue; if the high is broken, the rally may gain strength. The same logic applies to the 12:15 candles of other countries — New York's 05:15 candle, London's 10:15 candle, and China's 17:15 candle can all be evaluated as support and resistance zones.
In line with Gann's principle that "time is the most important factor," these times are not randomly selected. Each corresponds to a specific angle in the Sun's daily journey and may trigger simultaneous reactions across global markets.
Colors:
🟣 Purple → Turkey / India times (0° and 180°)
🟢 Green → New York times
🟠 Orange → London times
🔴 Red → China times
Usage Recommendation:
The indicator does not provide buy/sell signals on its own. For best results, observe the direction and breakout of the candle at that time, then confirm with other technical indicators. It has been particularly tested on 15-minute charts.
Settings:
Base Country → If Turkey is selected, 8 critical times calculated according to Turkey time are marked. If India is selected, the times corresponding to India's 12:15 and 00:15 are marked.
Note: All times are displayed in Turkey time (UTC+3). Make sure your chart time is set to UTC+3.
How It Works?
The Sun reaches its peak at local noon (12:15) each day. This moment corresponds to the 0° angle for that region. 00:15 (midnight) represents 180° — the exact opposite point. The 12:15 moments of New York, London, and China carry the same astrological significance for their respective regions.
The candles formed at these critical times act as support and resistance points in the market. The high and low levels of the candle at that time become critical zones that price tests in subsequent bars. The direction of the breakout determines the short-term trend direction.
For example, if the low of the 12:15 candle (Turkey time) is broken, the decline may continue; if the high is broken, the rally may gain strength. The same logic applies to the 12:15 candles of other countries — New York's 05:15 candle, London's 10:15 candle, and China's 17:15 candle can all be evaluated as support and resistance zones.
In line with Gann's principle that "time is the most important factor," these times are not randomly selected. Each corresponds to a specific angle in the Sun's daily journey and may trigger simultaneous reactions across global markets.
Colors:
🟣 Purple → Turkey / India times (0° and 180°)
🟢 Green → New York times
🟠 Orange → London times
🔴 Red → China times
Usage Recommendation:
The indicator does not provide buy/sell signals on its own. For best results, observe the direction and breakout of the candle at that time, then confirm with other technical indicators. It has been particularly tested on 15-minute charts.
Settings:
Base Country → If Turkey is selected, 8 critical times calculated according to Turkey time are marked. If India is selected, the times corresponding to India's 12:15 and 00:15 are marked.
Note: All times are displayed in Turkey time (UTC+3). Make sure your chart time is set to UTC+3.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.