OPEN-SOURCE SCRIPT
Gann Static Step-Cycle (Two-Way) v.3
This Pine Script indicator implements a Static Step-Cycle logic based on the Gann Square of 9, specifically designed to track price movements relative to a fixed "Anchor" (like an All-Time High) through 360° cycles.
Core Mechanism: Static vs. Dynamic
Unlike most indicators that recalculate with every new swing, this script remains Static. It stays fixed on an Anchor price (e.g., 25,476.40) and only updates when price completes a full 360° vibration.
Step-by-Step Working
1. Anchoring and Initialization
The script starts with a user-defined ath_price (Anchor).
It calculates the square root of this anchor to find its base vibration: \sqrt{\text{Anchor}}.
2. The Shift Logic (The "Step" System)
This is the heart of the indicator. It defines a "trading box" of one full Gann cycle:
Upper Boundary (+360°): calculated as (\sqrt{\text{Anchor}} + 2)^2.
Lower Boundary (-360°): calculated as (\sqrt{\text{Anchor}} - 2)^2.
The Shift: If the price closes above the +360° line or below the -360° line, the indicator "steps" up or down. That boundary becomes the new Anchor, and a fresh set of levels is plotted.
3. Calculating Gann Degrees (Vibrations)
Within the active cycle, the script plots specific geometric angles:
90° (Cardinal): Root increment of \pm 0.5.
180° (Opposition): Root increment of \pm 1.0.
270° (1.5 Vibration): Root increment of -1.5. In Gann theory, this is known as the "Trend Exhaustion" or "Death Zone," often coinciding with the end of an Elliott Wave 5.
Key Features for Trading
Core Mechanism: Static vs. Dynamic
Unlike most indicators that recalculate with every new swing, this script remains Static. It stays fixed on an Anchor price (e.g., 25,476.40) and only updates when price completes a full 360° vibration.
Step-by-Step Working
1. Anchoring and Initialization
The script starts with a user-defined ath_price (Anchor).
It calculates the square root of this anchor to find its base vibration: \sqrt{\text{Anchor}}.
2. The Shift Logic (The "Step" System)
This is the heart of the indicator. It defines a "trading box" of one full Gann cycle:
Upper Boundary (+360°): calculated as (\sqrt{\text{Anchor}} + 2)^2.
Lower Boundary (-360°): calculated as (\sqrt{\text{Anchor}} - 2)^2.
The Shift: If the price closes above the +360° line or below the -360° line, the indicator "steps" up or down. That boundary becomes the new Anchor, and a fresh set of levels is plotted.
3. Calculating Gann Degrees (Vibrations)
Within the active cycle, the script plots specific geometric angles:
90° (Cardinal): Root increment of \pm 0.5.
180° (Opposition): Root increment of \pm 1.0.
270° (1.5 Vibration): Root increment of -1.5. In Gann theory, this is known as the "Trend Exhaustion" or "Death Zone," often coinciding with the end of an Elliott Wave 5.
Key Features for Trading
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.