Enhanced Gann Time-Price Squares

5 Jul

Enhanced Gann Time-Price Squares Indicator
A comprehensive Pine Script indicator that identifies and visualizes W.D. Gann's time-price square formations on your charts. This tool helps traders spot potential market turning points where time and price movements align according to Gann's legendary market theories.
Key Features:

Automatic Square Detection - Identifies completed squares where price movement equals time movement
Future Projections - Shows forming squares with projected completion points
Pivot Integration - Automatically detects pivot highs/lows as square starting points
Visual Clarity - Clean box outlines with customizable colors and styles
Smart Filtering - Prevents overlapping squares and includes minimum move thresholds
Real-time Status - Information table showing current square formations

How to Use:
The indicator draws boxes when price moves from pivot points equal the time elapsed (number of bars). Green squares indicate upward movements, red squares show downward movements. Dashed lines show forming squares, while dotted lines project where they might complete.
Settings:

Adjust pivot sensitivity and minimum price moves
Customize tolerance for time-price matching
Toggle projections, labels, and visual elements
Fine-tune colors and line styles

Perfect for Gann theory practitioners and traders looking for time-based market analysis. The squares often coincide with significant support/resistance levels and potential reversal points.
Compatible with all timeframes and instruments.

More updates to follow

6 Jul

Nota Keluaran

Script updated with following ,
1)1. Extended Pivot Lookback Range:

Extended from 50 to 200 - Now allows much longer lookback periods for pivot detection.

2)Additional enhancements done to the table for better visulaizations along with additional features like perfomance monitoring,situation awarenessrealtime decision support etc..

3)Automatically Cleans old chart buffer to avoid overlapping of formed squares

Check and share your comments.Cheers!!

10 Jul

Nota Keluaran

Enhanced Gann Time-Price Squares Script:
This Pine Script implements W.D. Gann's geometric market theory by identifying when price and time movements achieve mathematical balance, creating powerful trading signals at market equilibrium points.
Core Mechanism
The Square Concept: A "square" forms when the distance price moves from a pivot point equals the time (in bars) it takes to make that move. This creates a geometric relationship that Gann believed reveals natural market cycles.
Mathematical Foundation:

Price Movement = Current Price - Pivot Price
Time Movement = Current Bar - Pivot Bar
Square Condition = |Price Movement - Time Movement| ≤ Tolerance

Step-by-Step Process

Pivot Detection:

Scans price action using configurable lookback periods
Identifies confirmed highs and lows that won't change (anti-repainting)
Only processes pivots after confirmation period to ensure reliability


Square Monitoring:

Upward Squares: Tracks price rising from pivot lows
Downward Squares: Tracks price falling from pivot highs
Continuously calculates price/time ratios for active pivots


Formation States:

Forming: Square is developing but not yet complete
Complete: Perfect or near-perfect price-time balance achieved
Projected: Shows where forming squares might complete



Visual Components
Completed Squares: Solid rectangles drawn from pivot to completion point

Green boxes for upward squares (bullish completions)
Red boxes for downward squares (bearish completions)

Forming Squares: Dashed lines showing current progress

Updates in real-time as squares develop
Shows partial completion status

Future Projections: Dotted lines predicting completion zones

Calculates where price should be when square completes
Provides early warning of potential reversal points

Information Dashboard: Real-time metrics including:

Completion percentages for active squares
Price and time movement values
Efficiency ratings (how closely movements align)
Last pivot levels for reference

Advanced Features
Anti-Repainting Protection:

Uses confirmed bar data to prevent signals from changing
Offers "bar close only" updates vs. real-time updates
Requires minimum confirmation bars before showing projections

Performance Optimization:

Memory management to handle long trading sessions
Overlap prevention to avoid cluttered displays
Configurable cleanup frequencies

Strength Analysis:

Measures how precisely price and time movements align
Filters weak formations from strong geometric relationships
Provides confidence levels for each square

Trading Applications
Reversal Signals: Completed squares often mark trend exhaustion points where price direction changes
Price Targets: Forming squares provide objective targets based on geometric relationships rather than subjective analysis
Market Timing: Projections help time entries by showing when squares are likely to complete
Risk Management: Failed square formations provide clear invalidation levels for trade management
Configuration Options
Sensitivity Controls: Adjust tolerance levels and minimum move requirements to filter noise
Visualization Settings: Customize colors, line styles, and transparency for different market conditions
Alert System: Notifications for square completions, formations, and high-strength signals
Performance Tuning: Optimize processing frequency and memory usage for different trading styles
Why It Works
Market Psychology: Traders subconsciously recognize geometric balance points, creating self-fulfilling prophecies
Natural Cycles: Gann believed markets follow mathematical laws, with squares representing cycle completions
Equilibrium Points: Equal price/time movements suggest balance between buying and selling pressure, often preceding significant moves
This indicator transforms Gann's classical geometric theories into a practical, automated trading tool that identifies high-probability reversal and continuation points based on natural market mathematics.

12 Jul

Nota Keluaran

Script updated: More Robust,Minimized repainting,Gann angles plotting reference improved etc

12 Jul

Nota Keluaran

Error corrected and updated