OPEN-SOURCE SCRIPT
Gann Square of 9 Vibration Levels [LuxAlgo]
The Gann Square of 9 Vibration Levels indicator provides a technical framework for identifying potential support and resistance levels based on Gann's "Square of 9" mathematical relationships.
🔶 USAGE
This tool calculates price "vibrations" or displacements from a specific anchor point using angular degrees. In Gann theory, specific angles (90°, 180°, etc.) are believed to represent points of high resonance where price action is likely to stall or reverse.
The indicator offers two primary methods for anchoring:
Traders can use these levels to anticipate market turns or set price targets. When price approaches a Cardinal or Ordinal level, it may indicate a zone of exhaustion or a breakout point.
🔶 DETAILS
The script utilizes the core Gann Square of 9 formula to translate angular degrees into price levels:
The indicator distinguishes between two types of vibration levels:
🔹 Cardinal Levels (90°, 180°, 270°, 360°): These represent the "cross" in the Square of 9 and are traditionally considered the strongest points of vibration. They are displayed with solid lines.
🔹 Ordinal Levels (45°, 135°, 225°, 315°): These represent the "corners" of the Square of 9 and provide secondary points of interest. They are displayed with dashed lines.
The inclusion of a real-time dashboard provides a quick reference for the current anchor price, the specific degree of each active level, and its corresponding price value, ensuring traders can see exact targets without cluttering the main chart area.
🔶 SETTINGS
🔹 Calculation Settings
🔹 Visual Settings
🔹 Dashboard
🔶 USAGE
This tool calculates price "vibrations" or displacements from a specific anchor point using angular degrees. In Gann theory, specific angles (90°, 180°, etc.) are believed to represent points of high resonance where price action is likely to stall or reverse.
The indicator offers two primary methods for anchoring:
- Auto Pivot: Automatically detects recent high or low pivots based on a user-defined lookback period. If a new low is found, it calculates upward vibrations; if a new high is found, it calculates downward vibrations.
- Manual: Allows the user to input a specific price point to act as the "Square of 9" center, from which all angular levels are projected.
Traders can use these levels to anticipate market turns or set price targets. When price approaches a Cardinal or Ordinal level, it may indicate a zone of exhaustion or a breakout point.
🔶 DETAILS
The script utilizes the core Gann Square of 9 formula to translate angular degrees into price levels:
Price = (sqrt(Anchor) + (Degree / 180) * Direction)^2
The indicator distinguishes between two types of vibration levels:
🔹 Cardinal Levels (90°, 180°, 270°, 360°): These represent the "cross" in the Square of 9 and are traditionally considered the strongest points of vibration. They are displayed with solid lines.
🔹 Ordinal Levels (45°, 135°, 225°, 315°): These represent the "corners" of the Square of 9 and provide secondary points of interest. They are displayed with dashed lines.
The inclusion of a real-time dashboard provides a quick reference for the current anchor price, the specific degree of each active level, and its corresponding price value, ensuring traders can see exact targets without cluttering the main chart area.
🔶 SETTINGS
🔹 Calculation Settings
- Anchor Type: Choose between "Auto pivot" (dynamic) or "Manual" (static) price anchoring.
- Manual Anchor Price: The price used for calculations when Anchor Type is set to Manual.
- Pivot Lookback: The number of bars used to detect high/low pivots for the Auto mode.
- Vibration Direction: Determines if the indicator projects levels "Up", "Down", or in "Both" directions from the anchor.
🔹 Visual Settings
- Show Cardinal Levels (90°): Toggles the visibility of the primary cross levels.
- Show Ordinal Levels (45°): Toggles the visibility of the secondary corner levels.
- Show Level Labels: Displays the degree and price value next to each line on the chart.
- Cardinal/Ordinal Color: Customizes the colors for the different level types.
🔹 Dashboard
- Dashboard: Enables or disables the on-screen data table.
- Position: Moves the dashboard to different corners of the chart.
- Size: Adjusts the scale of the dashboard text and cells.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Build your own edge with AI: luxalgo.com
All content provided by LuxAlgo is for informational & educational purposes only. Past performance does not guarantee future results.
All content provided by LuxAlgo is for informational & educational purposes only. Past performance does not guarantee future results.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Build your own edge with AI: luxalgo.com
All content provided by LuxAlgo is for informational & educational purposes only. Past performance does not guarantee future results.
All content provided by LuxAlgo is for informational & educational purposes only. Past performance does not guarantee future results.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.