Dynamic GANN Square Of 9 BandsDynamic GANN Square Of 9 Bands
Created on 3 Sept 2023
Adjust Increment Value:
Customize increment to match symbol and price characteristics for accuracy.
Green Line:
200 EMA. Identifies trend direction; moves with the prevailing trend.
Red Lines:
Mark prominent reversal levels closer to the red range; ideal for mean reversion strategies.
Crossing red levels may indicate trend continuation to the next red level.
Grey Lines:
Show immediate target reversal levels; watch for potential reversals.
Key Features:
Levels are different from Standard Deviation Lines.
Levels remain fixed and parallel, unaffected by volatility.
Despite its dynamism, it can serve as a leading indicator, revealing potential trend changes.
Primarily designed for trend-following strategies.
Additional Tips:
Use additional confirmations
Manage predefined risk and quantity
Additional Resources:
GANN Square Of 9 Pivots:
Gannsqaure
GANN Square Of 9 PivotsGANN Square Of 9 Pivots
How to use for Intraday ?
Method 01 (From 9:05 am to 9:15 am or pre-open market)
Take the Weighted Average Price or Volume Weighted Average Price (VWAP) or Time Weighted Average Price (TWAP) of any stock or index.
You can use TWAP for Index as volume is not available.
Method 02 (From 9:05 am to 9:15 am or pre-open market)
Take the Last Traded Price (LTP) of index or stock
Method 03 (After 9:30 am or after 1st 15 min)
Only take Last Traded Price (LTP) of stock or index
Ideal Time
15min to 1hr after market opens
Indicator Features
Lines
Gray Dashed Line: Calculation Price
Teal Solid Line: Long Above
Red Solid Line: Short Below
3 Teal Dotted Lines: Bullish Targets 1, 2 & 3
3 Red Dotted Lines: Bearish Targets 1, 2 & 3
Labels
1st Numbers: Price
2nd Numbers in (): % change from LTP to that Level
For Index
As VWAP is not available for Index, TWAP (Time Weighted Average Price) values can be used for Index.
Custom Price Inputs
Price of your choice can be given manually by selecting:
Source > Custom
Enter Price > (type the price)
Timeframe
Higher timeframes like Weekly, Monthly can be changed using Timeframe Option
For More Reading
Reading: traderji.com/community/threads/intraday-trading-using-gann-calculator.39185/#post-419677
Calculator: stockmaniacs.net/freebies/free-tools/gann-square-of-9-calculator/
