Gann Percentage of High & Low Prices for Options - Keanu_RiTz

This Indicator is based on the text from Chapter 4 "Percentage of High & Low Prices" page number "30" from the book "WD Gann 45 years in Wall Street".

This Indicator is to be used on Intraday Timeframes and only on Options Charts (CALL & PUT) and not on any other chart.

The following is the text from that page :-
One of the greatest discoveries I ever made was how to figure the percentage of high and low prices on the averages and individual stocks.
The percentages of extreme high and low levels indicate future resistance levels.

There is a relation between every low price to some future high price and a percentage of the low price indicates what levels to expect the next high price.
At this price you can sell out long stocks and sell short with a limited risk.

The extreme high price or any minor tops are related to future bottoms er low levels.
The percentage of the high price tells where to expect low prices in the future and gives you resistance levels where you can buy with a limited risk.

The most important resistance level is 50% of any high or low price.
Second in importance is 100% on the lowest selling price on the averages or individual stocks.
You must also use 200%, 300%, 400%, 500%, 600% or more, depending upon the price and the Time Periods from High and Low.
Third in importance is 25% of the Lowest price or the Highest price.
Fourth in importance is 121/2% of the extreme Low or extreme High price.
Fifth in importance is 61/4% of the Highest price, but this is only to be used when the averages or individual stocks are selling at very high levels.
Sixth in importance is 33 1/3 and 66 2/3%. These percentages should be calculated and watched for resistance next after 25% and after 50%.

You should always have percentage tables made up on the Industrial Averages and on the individual stocks you trade in in order to know where these important resistance levels are located.

Description :


It plots the Intraday % levels from the highest high and lowest low of that day.
The calculation of these levels is based on the text from Chapter 4 "Percentage of High & Low Prices" page number "30" from the book "WD Gann 45 years in Wall Street".

I developed this indicator to see if those percentages work on Options prices or not,
and from my observation I found that it works wonderfully in Options as well.
These % levels work like magic and act as great Dynamic Support and Resistance levels.
Don't trust my words blindly and see for yourself.

This indicator is for educational and research purpose only.
It does not provide any BUY/SELL signals.