OPEN-SOURCE SCRIPT

Angled Gann Time-Price Squares with S/R

258
This is a Pine Script indicator that implements Angled Gann Time-Price Squares based on W.D. Gann's trading theory. Here's what it does:
Core Functionality

Detects pivot highs and lows using a configurable lookback period
Creates angled squares by connecting pivot points to current price action when specific geometric conditions are met
Validates square formation by checking if the price movement follows proper Gann angles (typically 45°, 135°, etc.) within a tolerance range

Key Features

Real-time square tracking: Shows both completed squares and forming squares in progress
Support/Resistance levels: Automatically generates S/R lines from:

Square edge extensions
Diagonal extensions (pivot centers)
Quarter/half levels within squares (25%, 50%, 75%)


Visual feedback: Color-coded squares (green for up, red for down, orange for forming)
Projection lines: Predicts where squares might complete based on Gann angle theory

Gann Theory Application
The indicator follows Gann's principle that time and price move in geometric harmony. It looks for price movements that form perfect squares when plotted on a chart, where the diagonal of the square represents the natural flow of price and time at specific angles.
The generated support/resistance levels are particularly valuable because they're based on completed geometric patterns rather than just horizontal price levels, making them potentially more significant according to Gann methodology.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.