Doubled Numbered Square of Nine Progression | RegressionThe Doubled Number Square of Nine Progression | Regression Indicator enables forecasting of support and resistance levels using the SQ9 progression or regression from a user-selected pivot price. The indicator also plots adjustable pivots on both the chart and the Square of Nine.
How to use to forecast support and resistance levels:
1. Select a Pivot Point: Choose a top or bottom pivot to use as the starting point. Select High or Low in the indicator to set the correct price to the pivot.
2. Set Price Increment or Decrement: Select a price increment to advance the starting price on the Square of Nine (for example 1 or -0.01).
3. Rotate to add or decrease the number of rungs on the Square on Nine: Rotate the Square of Nine and adjust the dimensions. The horizontal levels correlate to the rotation of the Square of Nine.
4. Plot Levels: Select a Square of Nine angle to plot the support and resistance levels based on the selected increments. These levels auto expand and decrease depending on the number of rotations in step 3. The price values from each of the selected diagonal or cardinal cross are applied to the chart with labels on both left and right. Left labels represent the cell the time variable and the right label is price.
5. Review Levels: Conduct a simple review of the plotted support and resistance levels in relation to recent market pivots.
6. Identify Correlations: Identify the Square of Nine cardinal cross or diagonal cross angle that correlates with the most market pivots.
7. The indicator plots user-adjustable pivots on both candles/bars and displays their placement on the Square of Nine in both Progression and Regression. The close price is plotted on the Square of Nine in real-time with a white background. This helps users identify which angles the highs and lows favor from the selected pivot. The pivot levels' colors can be adjusted.
Each market has its tendencies, favoring specific angles from the cardinal or diagonal cross. The basic idea is to choose between the diagonal cross and cardinal cross angles to forecast support and resistance levels.
Settings:
Overview:
Example on Forecasting Support and resistance level using this indicator:
In the image above, I'm progressing from the significant low at a rate of $200 per cell. Based on the plotted pivots, I've selected the 315-degree angle on the diagonal cross as it aligns with a few recent pivots. Now, I've drawn a vertical line to show that as we add rungs to the Square of Nine, we introduce support and resistance levels based on the identified angle that aligns with these early pivots from the low.
In the image below, I've moved forward in time to show how the initial angle selected based on the early pivot forecasted support and resistance levels around the high in BTC. Do not expect the price to turn sharply at the levels the indicator generates, but use it to help identify SQ9 levels that may form market turns. As P. Mikula mentions in his work, "The Square of Nine successfully defines market price swings but it does not make the market form pivots."
This indicator includes enhancements made to the Gann Square of Nine indicator originally created by @ThiagoSchmitz.
This indicator is inspired by the methodologies detailed by Patrick Mikula in his book " The Definitive Guide to Forecasting using W.D Gann's Square of Nine ." I recommend checking it out. He also mentions another use case as a Price and Time chart in his " Gann Scientific Method Unveiled, Volume 2 ." FYI, I am not affiliated with Patrick Mikula in any way.
Known Issues:
Close price plotted on the Square of Nine in Regression "from a high pivot" takes a current candle to close in order to be plotted. Progression works as expected.
Squareof9
Gann Square of 9Here it is, the Gann Square of 9. An easy-to-use tool to determine possible support and resistance levels. Input a starting value to be the starting point of the square. Then the increasing value will be used to get the value of each cell on the table.
It's possible to show the diagonals and a spot number to see what cell value the current price is close to. The diagonals are known to be the key support and resistance levels in Gann's analysis. That way, it's possible to show those diagonals in the chart for easy reading of those levels.
Gann Spiral / Square of 9The Gann Spiral, more commonly known as the Square of 9 is one of the most well known tools that Gann used. Today, it is most commonly used to find possible support and resistance levels, and possible reversals in time.
This indicator is a more flexible version of the traditional Gann Spiral / Square. This is achieved by allowing you to change:
Price and Time direction
The timeframe
How often to draw lines based on degrees
Toggles for Price and Time
Price and Time line customization
How to use:
1 - Select your desired starting value of Price and Time.
2 - Choose the direction of Price and Time.
3 - Choose the amount of lines to display.
4 - Choose how often for lines to be drawn (Rotation Degree Value).
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Side Note:
This uses a more proper and more accurate formula to "navigate the square". (Sqr x + 2)^2 is not the formula used, but rather (Sqr x + 1)^2.
If you wish to use the formula you're used to, change Full Revolution Value to 180.
The reasoning behind this formula change is because I re-created the square in the form of an actual spiral. The issue with such a conversion is that the formula used to construct it uses one Pi. If you understand circles, you should know that we're off by 180 degrees. A full rotation is 360, not 180.
Correcting for this error requires a slight but important change in the formula, that being +1 instead of +2. This not only corrects it to fit for a proper spiral, but also makes it easier to use fractions. 1/360 results in 1 degree. This slight formula change makes it incompatible when used on the actual Square of 9, however it is technically the more accurate formula.
Gann Circle Intraday LevelsThis indicator is an intraday version of Gann Circle Swing Levels indicator. It further divides the Gann Circle into the Eighths in order to generate intraday Levels.
Introduction
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 for intraday usage.
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. If we further divide the circle in eight equal parts of 45 degree each, following intermediate resistance levels (ascending) would be generated:
127 (45 degree)
133 (90 degree)
139 (135 degree)
145 (180 degree)
151 (225 degree)
157 (270 degree)
163 (315 degree)
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. If we further divide the circle in eight equal parts of 45 degree each, following intermediate support levels (descending) would be generated:
553 (45 degree)
541 (90 degree)
529 (135 degree)
518 (180 degree)
507 (225 degree)
496 (270 degree)
485 (315 degree)
How to Use this Indicator ?
This indicator is designed to generate Gann Circle Intraday Levels based on HIGH and LOW of the opening bar for the day. You may use the bar interval (1 minute, 3 minutes, 5 minutes, 15 minutes etc.) which is suitable for the underlying instrument. Support and resistance lines for the day would be generated only after confirmation of the opening bar of the day.
Input :
Number of Gann Levels (Number of Gann Levels to be projected)
Color codes for the Support and Resistance Levels
Output :
Gann Support or Resistance Levels:
HIGH and LOW of the Opening bar for the day (dashed BLUE lines)
Support levels calculated with reference to the HIGH of the opening bar
Resistance levels calculated with reference to the LOW of the opening bar
Gann Circle Swing LevelsThis 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)
Gann Square Of 9 LevelsThis script uses the last hlc3 value of 1H, 4H, D and/or W and rotates it 360º up/down with four increments of 90º to find out potential support and resistance areas. Can be used as a dynamic support & resistance tool or just to gauge how overbought/oversold the market is. Special thanks to @Nv56 for his assistance in writing this script.
