WD Gann: Close Price X Bars Ago with Line or Candle PlotThis indicator is inspired by the principles of WD Gann, a legendary trader known for his groundbreaking methods in time and price analysis. It helps traders track the close price of a security from X bars ago, a technique that is often used to identify key price levels in relation to past price movements. This concept is essential for Gann’s market theories, which emphasize the relationship between time and price.
WD Gann’s analysis often revolved around specific numbers that he considered significant, many of which correspond to squared numbers (e.g., 1, 4, 9, 16, 25, 36, 49, 64, 81, 100, 121, 144, 169, 196, 225, 256, 289, 324, 361, 400, 441, 484, 529, 576, 625, 676, 729, 784, 841, 900, 961, 1024, 1089, 1156, 1225, 1296, 1369, 1444, 1521, 1600, 1681, 1764, 1849, 1936). These numbers are believed to represent natural rhythms and cycles in the market. This indicator can help you explore how past price levels align with these significant numbers, potentially revealing key price zones that could act as support, resistance, or reversal points.
Key Features:
- Historical Close Price Calculation: The indicator calculates and displays the close price of a security from X bars ago (where X is customizable). This method aligns with Gann's focus on price relationships over specific time intervals, providing traders with valuable reference points to assess market conditions.
- Customizable Plot Type: You can choose between two plot types for visualizing the historical close price:
- Line Plot: A simple line that represents the close price from X bars ago, ideal for those who prefer a clean and continuous representation.
- Candle Plot: Displays the close price as a candlestick chart, providing a more detailed view with open, high, low, and close prices from X bars ago.
- Candle Color Coding: For the candle plot type, the script color-codes the candles. Green candles appear when the close price from X bars ago is higher than the open price, indicating bullish sentiment; red candles appear when the close is lower, indicating bearish sentiment. This color coding gives a quick visual cue to market sentiment.
- Customizable Number of Bars: You can adjust the number of bars (X) to look back, providing flexibility for analyzing different timeframes. Whether you're conducting short-term or long-term analysis, this input can be fine-tuned to suit your trading strategy.
- Gann Method Application: WD Gann's methods involved analyzing price action over specific time periods to predict future movements. This indicator offers traders a way to assess how the price of a security has behaved in the past in relation to a chosen time interval, a critical concept in Gann's theories.
How to Use:
1. Input Settings:
- Number of Bars (X): Choose the number of bars to look back (e.g., 100, 200, or any custom period).
- Plot Type: Select whether to display the data as a Line or Candles.
2. Interpretation:
- Using the Line plot, observe how the close price from X bars ago compares to the current market price.
- Using the Candles plot, analyze the full price action of the chosen bar from X bars ago, noting how the close price relates to the open, high, and low of that bar.
3. Gann Analysis: Integrate this indicator into your broader Gann-based analysis. By looking at past price levels and their relationship to significant squared numbers, traders can uncover potential key levels of support and resistance or even potential reversal points. The historical close price can act as a benchmark for predicting future market movements.
Suggestions on WD Gann's Emphasis in Trading:
WD Gann’s trading methods were rooted in several key principles that emphasized the relationship between time and price. These principles are vital to understanding how the "Close Price X Bars Ago" indicator fits into his overall analysis:
1. Time Cycles: Gann believed that markets move in cyclical patterns. By studying price levels from specific time intervals, traders can spot these cycles and predict future market behavior. This indicator allows you to see how the close price from X bars ago relates to current market conditions, helping to spot cyclical highs and lows.
2. Price and Time Squaring: A core concept in Gann’s theory is that certain price levels and time periods align, often marking significant reversal points. The squared numbers (e.g., 1, 4, 9, 16, 25, etc.) serve as potential key levels where price and time might "square" to create support or resistance. This indicator helps traders spot these historical price levels and their potential relevance to future price action.
3. Geometric Angles: Gann used angles (like the 45-degree angle) to predict market movements, with the belief that prices move at specific geometric angles over time. This indicator gives traders a reference for past price levels, which could align with key angles, helping traders predict future price movement based on Gann's geometry.
4. Numerology and Key Intervals: Gann paid particular attention to numbers that held significance, including squared numbers and numbers related to the Fibonacci sequence. This indicator allows traders to analyze price levels based on these key numbers, which can help in identifying potential turning points in the market.
5. Support and Resistance Levels: Gann’s methods often involved identifying levels of support and resistance based on past price action. By tracking the close price from X bars ago, traders can identify past support and resistance levels that may become significant again in future market conditions.
Perfect for:
Traders using WD Gann’s methods, such as Gann angles, time cycles, and price theory.
Analysts who focus on historical price levels to predict future price action.
Those who rely on numerology and geometric principles in their trading strategies.
By integrating this indicator into your trading strategy, you gain a powerful tool for analyzing market cycles and price movements in relation to key time intervals. The ability to track and compare the historical close price to significant numbers—like Gann’s squared numbers—can provide valuable insights into potential support, resistance, and reversal points.
Disclaimer:
This indicator is based on the methods and principles of WD Gann and is for educational purposes only. It is not intended as financial advice. Trading involves significant risk, and you should not trade with money that you cannot afford to lose. Past performance is not indicative of future results. The use of this indicator is at your own discretion and risk. Always do your own research and consider consulting a licensed financial advisor before making any investment decisions.
Timecycle
Customizable Vertical LinesCustomizable Vertical Lines (CVL) Indicator
Version 2.0 (November 2023)
Description:
The Customizable Vertical Lines (CVL) indicator is a powerful tool for traders who want to mark specific times on their charts with vertical lines. This indicator allows users to customize the appearance of these lines, including their color, line style, and width, providing a flexible and visually intuitive way to highlight key time points.
Key Features:
User-Friendly Inputs: Easily set up to five distinct times, each associated with a unique color for the vertical lines.
Color Customization: Choose from a wide range of colors for each vertical line, allowing for clear differentiation.
Line Style Options: Tailor the appearance of the lines with three selectable styles: solid, dotted, or dashed.
Adjustable Line Width: Modify the thickness of the lines to suit your preferred visual style.
Timezone Offset: Account for different time zones by adjusting the timezone offset parameter.
How to Use:
Simply input the desired times, colors, and other parameters in the script settings. The CVL indicator will then automatically plot vertical lines at the specified times on the chart with the chosen customization.
Cycles: 4x dual inputs: Swing / Time Cycles projected forward//Purpose/Premise:
To project forward vertical 'cycle' lines based on user-input anchor points, and to search for confluence.
The idea being that if several well-anchored cycles agree (i.e. we see multiple bunched vertical line confluence in the future), then this may add support to an already existing trade idea, or may indicate an increased likelihood of a shift in direction.
//Usage & notes:
~In the above chart I've anchored to obvious swing lows and swing highs in Btc/Usd from 2020-2022. You could also use fixed time-based cycles from a favored start anchor point. Bars per cycle are printed at the top of each cycle box if your're interested in time cycles. I.e. for 1, 2, 3 month cycles: for BTC you could use 30, 60, 90 bars on daily; for S&P you could use 20, 40, 60 bars on daily.
~On first loading the indicator you will be asked select 'start date', and 'end date' for each of 4 sessions (8x clicks on chart). After this you can easily reset points by clicking the indicator display line three dots>> reset points. Or you can simply drag the vertical box edges (purple lines) to change your cycle anchor points.
~Be sure the start anchor point is before the end anchor point or box/lines won't appear.
~When you drop down to low timeframes you might get bar_index error due to history available: you need then to click the three dots on indicator display line >> reset points >> 8x clicks on the chart.
~Vertical projected lines will match the color of the cycle box they origninate from.
~Lines will project into the future as far as is allowed by tradingview (500 bars max)
//Inputs:
~Time start and end dates for each cycle (change these as described above, or input manually)
~Show/hide each cycle (default is show all 4)
~Formatting options: color of forward projected lines, line width, line style, line / box / text color.
~Box transparancy: Set to 100 to make boxes invisible & declutter the chart. Set to 0 for maximum opacity. Default is 80.
thanks to @Sathyamurthie for his ideas on cycle confluence which caused me to write this.
Time Cycles IndicatorThis script is used to analyze the seasonality of any asset (commodities, stocks, indices).
To use the script select a timeframe D or W and select the months you are interested in the script settings. You will see all the candles that are part of those months highlighted in the chart.
You can use this script to understand if assets have a cyclical behavior in certain months of the year.
Market Time Cycle (Expo)█ Time Cycles Overview
Time cycles are a fascinating and powerful concept in the world of trading and investing. They are all about understanding and predicting the timing of market moves based on the premise that market events and price movements are not random, but instead occur in repeatable, cyclical patterns.
The Concept of Time Cycles: The foundation of time cycles lies in the belief that historical market patterns tend to repeat themselves over specific periods. These periods or cycles could be influenced by a myriad of factors like economic data releases, earnings reports, geopolitical events, or even natural human behavior. For example, some traders observe increased market activity around the start and end of a trading day, which is a form of intraday time cycle.
Understanding time cycles can provide traders with a roadmap, helping them anticipate potential trend shifts and make more informed decisions about when to buy or sell.
█ Indicator Overview
The Market Time Cycle (Expo) is designed to help traders track and analyze market cycles and generate signals for potential trading opportunities. It uses mathematical techniques to analyze market cycles and detect possible turning points. It does this by projecting the estimated cycle timeline and providing visual indications of cyclical phases through the use of color-coded lines and sine wave cycles.
Time cycles offer a compelling way to forecast market trends and time your trades better. By adding time cycles to your trading toolbox, you could potentially gain a new perspective on market movements and refine your trading strategy further. The indicator generates trading signals based on the sine wave's behavior. When the sine wave crosses certain thresholds, the indicator generates a signal suggesting a potential trading opportunity based on cycle behavior.
█ How to use
This indicator can be a valuable tool to help traders understand and predict market trends and time their trades more accurately. By visualizing the cyclic nature of markets, traders can better anticipate potential turning points and adjust their trading strategies accordingly. It helps traders to spot ideal entry and exit points based on the cyclical nature of financial markets.
█ Settings
You can customize the number of bars (NumbOfBars) that are taken into consideration for the cycle. Including a higher number of bars will provide more data, which can be helpful for analyzing long-term trends.
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
bytimeLibrary "bytime"
TODO: to do something at the specified time.
////Return =>> ht = hour , mt = minute , st = second ,Dt = Day, Mt = month, Yt = year , dateTime = full time format./////////////
Note : Remember to always add import when you call our library and change Gtime() to Timeset.Gtime() is used to access internal data.
import hapharmonic/bytime/1 as Timeset
=Timeset.Gtime()
/////////////Set a time to trigger an alert./////////////
ck = false
///hour : minute : second
if ht == TH and mt == TM and st == TS
//some action
//...
//.
ck := true
Gtime()
TM_GANN_LEVELTM_GANN_LEVEL indicator have price values those play an important role in market structure explanation. This indicator is used with Day_Price _Level indicator with common values .
These price level must be draw with common values of swing? day levels and must be used during trading decision.
Value with " * " shows important level or a price cycle between two " * " values
Price respect to these levels if used with proper logic.
All the levels are very important .
Use the Below Contacts to Access this Indicator
intraday trading perioddisplay the intraday trading period (08:30 - 15:00) on chart with high transparent white background.
you can edit the time period by yourself in the pine editor mode.
