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Circles - Support & Resistance Levels
Overview
This indicator plots horizontal support and resistance levels based on W.D. Gann's mathematical approach of dividing 360 degrees by 2 and by 3. These divisions create natural price magnetism points that have historically acted as significant support and resistance levels across all markets and timeframes.
How It Works
360÷2 Levels (Blue): 5.63, 11.25, 33.75, 56.25, 78.75, etc.
360÷3 Levels (Red): 7.5, 15, 30, 37.5, 52.5, 60, 75, etc.
Both Levels (Yellow): 22.5, 45, 67.5, 90, 112.5, 135, 157.5, 180 - These are "doubly strong" as they appear in both calculations
Key Features
Auto-Scaling: Automatically adjusts for any price range (from $0.001 altcoins to $100K+ Bitcoin)
Manual Scaling: Choose from 0.001x to 1000x multipliers or set custom values
Full Customization: Colors, line widths, styles (solid/dashed/dotted)
Historical View: Option to show all levels regardless of current price
Clean Display: Adjustable label positioning and line extensions
Use Cases
Identify potential reversal zones before price reaches them
Set profit targets and stop losses at key mathematical levels
Confirm breakouts when price decisively moves through major levels
Works on all timeframes and all markets (stocks, crypto, forex, commodities)
Gann Theory
W.D. Gann believed that markets move in mathematical harmony based on geometric angles and time cycles. These 360-degree divisions represent natural balance points where price often finds support or resistance, making them valuable for both short-term trading and long-term analysis.
Perfect for traders who use:
Support/Resistance trading
Fibonacci levels
Pivot points
Mathematical/geometric analysis
Multi-timeframe analysis
Overview
This indicator plots horizontal support and resistance levels based on W.D. Gann's mathematical approach of dividing 360 degrees by 2 and by 3. These divisions create natural price magnetism points that have historically acted as significant support and resistance levels across all markets and timeframes.
How It Works
360÷2 Levels (Blue): 5.63, 11.25, 33.75, 56.25, 78.75, etc.
360÷3 Levels (Red): 7.5, 15, 30, 37.5, 52.5, 60, 75, etc.
Both Levels (Yellow): 22.5, 45, 67.5, 90, 112.5, 135, 157.5, 180 - These are "doubly strong" as they appear in both calculations
Key Features
Auto-Scaling: Automatically adjusts for any price range (from $0.001 altcoins to $100K+ Bitcoin)
Manual Scaling: Choose from 0.001x to 1000x multipliers or set custom values
Full Customization: Colors, line widths, styles (solid/dashed/dotted)
Historical View: Option to show all levels regardless of current price
Clean Display: Adjustable label positioning and line extensions
Use Cases
Identify potential reversal zones before price reaches them
Set profit targets and stop losses at key mathematical levels
Confirm breakouts when price decisively moves through major levels
Works on all timeframes and all markets (stocks, crypto, forex, commodities)
Gann Theory
W.D. Gann believed that markets move in mathematical harmony based on geometric angles and time cycles. These 360-degree divisions represent natural balance points where price often finds support or resistance, making them valuable for both short-term trading and long-term analysis.
Perfect for traders who use:
Support/Resistance trading
Fibonacci levels
Pivot points
Mathematical/geometric analysis
Multi-timeframe analysis
Nota Keluaran
The code will now attempt to scale the range above and below what is detected. This way you can see more levels based on the current multiplier. Nota Keluaran
Levels with a digital root of 9 now show in a different colour Nota Keluaran
Rebuilt the code. Now it will show correctly on percentage based charts too! Nota Keluaran
Small bug fixNota Keluaran
Fixed the auto scaling for a few charts. Nota Keluaran
Minor FixNota Keluaran
Bug fixNota Keluaran
Another bug fix for low caps in cryptoNota Keluaran
Another bug fixNota Keluaran
Another attempt at clean level identification checks Nota Keluaran
Returning to an earlier version of the script which seemed to perform more consistently across charts until I have a better solution. Nota Keluaran
Script updated. Way more reliable across different charts. Works with percentage charts too. There's also a repeat option to add levels on top of the range.
Nota Keluaran
The nearest circle level now has a different style option so you can clearly see what the dominate level is. Nota Keluaran
Made the text size consistent Nota Keluaran
Updated the script so that if "Repeat levels" is turned on, it will always show the active level. Nota Keluaran
Added filter - so you only need to see the nearest, active level. Nota Keluaran
Summary of Changes1. Autofilter Enhancement
When Autofilter is enabled, now shows 3 levels instead of 1:
Active level (green, closest to price)
First level above active (gray)
First level below active (gray)
New inputs added under "Active Level Colors" group:
Adjacent Level Line Color (default: gray)
Adjacent Level Label Background (default: gray)
Adjacent Level Label Text (default: white)
2. Update on Candle Close Only
New toggle in "Mode Settings" group:
Update Levels on Candle Close Only (default: true)
When enabled, the active level and multiplier calculations lock to the confirmed close price and won't flicker/change during live candle formation.
3. Symbol-Specific Multiplier Overrides
New "Symbol Overrides" input group with 10 slots:
Symbol 1 + Multiplier 1
Symbol 2 + Multiplier 2
... through to Symbol 10 + Multiplier 10
How it works:
Enter symbol name (e.g., BTCUSDT.P, ETHUSDT, SPY)
Uses flexible matching (partial match works)
Override takes priority over Auto Mode when matched
Debug table added (top-right corner) showing:
Current symbol
Override status (YES/Auto)
Active multiplier value
4. Removed Features
Real-time price line
Mirror price line
Price-to-active-level box (gradient fill)
Nota Keluaran
Small Bug FixNota Keluaran
Updated the table so you compare the auto multiplier with the custom multiplier for more granular levels. Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.