This indicator is based on W. D. Gann's Square of 9 Chart and can be interpreted as the Gann Circle / Gann Wheel / 360 Degree Circle Chart or Square of the Circle Chart.
Spiral arrangement of numbers on the Square of 9 chart creates a very unique square root relationship amongst the numbers on the chart. If you take any number on the Square of 9 chart, take the square root of the number, then add 2 to the root and re-square it, resulting in one full 360 degree cycle (i.e. a 360 degree Circle) out from the center of the chart.
For example, the square root of 121 = 11, 11 + 2 = 13, and the square of 13 = 169
The number 169 is one full 360 degree cycle out (with reference to 121) from the center of the Square of 9 chart.
Similarly, if you take any number on the Square of 9 chart, take the square root of the number, then subtract 2 from the root and re-square it, resulting in one full 360 degree inward rotation towards the center of the chart.
For example, the square root of 565 = 23.77, 23.77 - 2 = 21.77, and the square of 21.77 = 473.93 (approximately equal to 474, which is directly below 565 on the Square of 9 chart)
The number 474 is one full 360 degree inward rotation (with reference to 565) towards the center of the chart.
How to Use this Indicator ?
This indicator is useful for finding coordinate squares on the Gann Circle that are making hard aspects to a previous position (such as a significant top or bottom) on the circle.
Input :
Swing Point (Significant price point, such as a top or a bottom) Low / High ? (Is it a bottom or a top) Number of Gann Levels (Number of Gann Cycles to be projected)
Output :
Gann Support or Resistance Levels (color coded as follows) : Swing High or Swing Low (BLUE) Support levels calculated with reference to the Swing High (RED) Resistance levels calculated with reference to the Swing Low (LIME)
Информация о релизе
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Usability changes. Configurable colors for Support, Resistance and Swing Level. Adjustable label position.
How does it find a significant swing high or low? Pls can you explain
PriceTimeSquare
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@SMRITI42252, this indicator dose not find the swing point by itself. In fact it uses the swing point (high /low) provided manually in the scritp input to project Gann levels. You may want to check out an indicator like ZigZag to find significant swing points on your chart.
Magic_xD
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Great work mate! need the time part " vertical lines" and gann star. was trying to code one... but i know nothing about programing.. hope i can get help from nice persons like u.