PROTECTED SOURCE SCRIPT
DOCLAD_TEAM_TRADING_PROJECT
DOCLAD_SYSTEM - Combined Indicator Description
This TradingView indicator implements W.D. Gann's Square of 9 concept with several visual enhancements to help traders identify key support and resistance levels. The indicator automatically adapts to different market types (forex or stocks) and includes the following features:
Key Features
Support and Resistance Levels: Automatically calculates and displays multiple support and resistance levels based on Gann's Square of 9 theory, with customizable colors (green for support, red for resistance by default).
Daily Open Line: Shows the daily opening price as a reference point, which serves as the base for all Gann calculations.
Previous 4H Range Box: Displays a rectangular box showing the high-low range of the last 4-hour candle from the previous day, helping traders identify important price zones.
Vertical Time Lines: Optional time-based vertical lines that mark 4-hour intervals, helping to visualize potential time-based turning points.
Deviation Mode: Allows for fine-tuning of support and resistance levels with percentage-based deviations.
Customization Options
Line Styles: Choose between solid, dashed, or dotted lines
Colors: Customize colors for support lines, resistance lines, daily open line, 4H rectangle, and time lines
Line Width: Adjust the thickness of all lines (1-5 pixels)
Opacity Settings: Control the transparency of various elements
Deviation Settings: Apply percentage-based adjustments to support and resistance levels
Technical Implementation
The indicator:
Automatically determines appropriate pip values based on the instrument
Calculates Gann levels using the Square of 9 mathematical principle
Finds the nearest support and resistance levels relative to the current price
Creates both plot-based and line-based visualizations
Updates dynamically as price moves
Usage
This indicator is particularly useful for swing traders and day traders who follow Gann methods. The combination of price-based levels (support/resistance) and time-based markers (vertical lines) helps identify potential reversal zones where price and time align according to Gann's principles.
The 4-hour rectangular box from the previous day often serves as an important reference zone that price may revisit or respect.
The indicator works on all timeframes but is most effective on 15-minute to 4-hour charts, where the time-based components provide the most value.
This TradingView indicator implements W.D. Gann's Square of 9 concept with several visual enhancements to help traders identify key support and resistance levels. The indicator automatically adapts to different market types (forex or stocks) and includes the following features:
Key Features
Support and Resistance Levels: Automatically calculates and displays multiple support and resistance levels based on Gann's Square of 9 theory, with customizable colors (green for support, red for resistance by default).
Daily Open Line: Shows the daily opening price as a reference point, which serves as the base for all Gann calculations.
Previous 4H Range Box: Displays a rectangular box showing the high-low range of the last 4-hour candle from the previous day, helping traders identify important price zones.
Vertical Time Lines: Optional time-based vertical lines that mark 4-hour intervals, helping to visualize potential time-based turning points.
Deviation Mode: Allows for fine-tuning of support and resistance levels with percentage-based deviations.
Customization Options
Line Styles: Choose between solid, dashed, or dotted lines
Colors: Customize colors for support lines, resistance lines, daily open line, 4H rectangle, and time lines
Line Width: Adjust the thickness of all lines (1-5 pixels)
Opacity Settings: Control the transparency of various elements
Deviation Settings: Apply percentage-based adjustments to support and resistance levels
Technical Implementation
The indicator:
Automatically determines appropriate pip values based on the instrument
Calculates Gann levels using the Square of 9 mathematical principle
Finds the nearest support and resistance levels relative to the current price
Creates both plot-based and line-based visualizations
Updates dynamically as price moves
Usage
This indicator is particularly useful for swing traders and day traders who follow Gann methods. The combination of price-based levels (support/resistance) and time-based markers (vertical lines) helps identify potential reversal zones where price and time align according to Gann's principles.
The 4-hour rectangular box from the previous day often serves as an important reference zone that price may revisit or respect.
The indicator works on all timeframes but is most effective on 15-minute to 4-hour charts, where the time-based components provide the most value.
Script protegido
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Script protegido
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.