OPEN-SOURCE SCRIPT
Dynamic GANN Square Of 9 Bands
Dynamic GANN Square Of 9 Bands
Created on 3 Sept 2023
Adjust Increment Value:
Green Line:
Red Lines:
Grey Lines:
Key Features:
Additional Tips:
Additional Resources:
GANN Square Of 9 Pivots:
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:
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