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Gunn Square Levels
ที่อัปเดต:
Greetings, dear friend. I want to present an indicator based on another interesting method of analyzing support and resistance levels by William Gunn - Gunn Square Levels.
1. Structure of the Square of 9:
- The Square of 9 is a 9x9 grid where each cell corresponds to a specific numerical value.
- Each number in the square has its unique properties and meanings in the context of market analysis.
2. Price Levels:
- The square helps identify key support and resistance levels. For example, if an asset's price approaches the edge of the square, it may indicate potential reversals or trend continuations.
3. Time Cycles:
- Gann believed that time could be measured in cycles, and each cycle could repeat. The Square of 9 helps identify these cycles, allowing traders to see when a trend change might occur.
4. Harmony and Numerical Ratios:
- Gann used numbers that held special significance in his methods, such as 1, 2, 3, 5, 8, 13, 21, etc. These numbers frequently appear in nature and have harmonious relationships, which also apply to markets.
5. Application in Trading:
- Traders can use the Square of 9 analysis methods to determine entry and exit points, as well as to set stop-loss and target levels. For instance, if the price reaches a certain level in the square, it may signal a trading opportunity.
6. Complexity and Practice:
- The method requires practice and an understanding of market dynamics. It can be complex for beginners, but when applied correctly, it can yield results.
The indicator allows for the automation of level construction using this method. Moreover, it includes not only the Square of 9 but also the Square of 4 and the Circle of 12, which are also very important in William Gann's methods.
So, how do you work with this indicator? Let's break it down step by step. The first thing you need to do when activating the indicator is to select two bars that will denote the beginning and the end of the impulse. This is necessary for the indicator to calculate the price step, which is very important for correctly constructing levels. Here’s an example of how I defined the first impulse, and you can see how well the price reacts to it:
In the upper right corner, there is a table that will display information regarding the modes of the indicator's operation.
Now, let’s discuss the modes of its operation in more detail:
Parameter 1 - mode, is intended for switching the indicator's operation modes. You can choose which square you want to use to view the levels. The options include calculations based on the Square of 9, Square of 4, and Circle of 12. Each of these options was utilized by Gann.
Parameter 2 - "Long|Short|Auto". It is responsible for constructing your levels in the desired direction. By default, the mode is set to "Auto," allowing the direction of the levels to be determined automatically based on built-in logic. However, if you notice that the indicator is building levels incorrectly, you can always force it to construct levels in the direction you need using the "Long" and "Short" settings.
The next parameters "Degree for square 9", "Degree for square 4", and "The degree for the circle 12" are responsible for selecting the degree on the square or circle, depending on the chosen mode.
In the Square of 9, there are cardinal and diagonal crosses, and I have designated a specific direction for each cross. If you are using calculations for the Square of 9, you should use the "Degree for square 9" settings. This parameter includes options for selecting the numerical sequence direction that corresponds to the diagonal and cardinal crosses in the Square of 9. For example, if we choose the direction as ↗️, it means we are taking the diagonal cross in the Square of 9, with the direction from the center moving diagonally up to the right. The levels will correspond to this specific direction. The same applies to all other levels and modes.
Very important parameters are "Multiplier | Divider price step" and "Action." Now, let me explain their purpose. Sometimes, the calculated price step may be either too large for our chart or too small. This affects the levels, which can be either too narrow or too wide.
"Multiplier | Divider price step" allows us to adjust the price step within the rules that must be followed according to Gann's methods, enabling us to be more flexible in our analysis.
"Action" is used to choose whether to increase or decrease the price step. For example, if I want to reduce the price step by a factor of 10, I set the "Action" mode to "Divider," and then assign the most suitable value to the "Multiplier | Divider price step" parameter. The options range from 1 to 1000. The same applies when increasing the price step.
Now you know how to use this indicator. To summarize, the most important thing is to correctly identify the impulse, and then the indicator will do the rest for you.
1. Structure of the Square of 9:
- The Square of 9 is a 9x9 grid where each cell corresponds to a specific numerical value.
- Each number in the square has its unique properties and meanings in the context of market analysis.
2. Price Levels:
- The square helps identify key support and resistance levels. For example, if an asset's price approaches the edge of the square, it may indicate potential reversals or trend continuations.
3. Time Cycles:
- Gann believed that time could be measured in cycles, and each cycle could repeat. The Square of 9 helps identify these cycles, allowing traders to see when a trend change might occur.
4. Harmony and Numerical Ratios:
- Gann used numbers that held special significance in his methods, such as 1, 2, 3, 5, 8, 13, 21, etc. These numbers frequently appear in nature and have harmonious relationships, which also apply to markets.
5. Application in Trading:
- Traders can use the Square of 9 analysis methods to determine entry and exit points, as well as to set stop-loss and target levels. For instance, if the price reaches a certain level in the square, it may signal a trading opportunity.
6. Complexity and Practice:
- The method requires practice and an understanding of market dynamics. It can be complex for beginners, but when applied correctly, it can yield results.
The indicator allows for the automation of level construction using this method. Moreover, it includes not only the Square of 9 but also the Square of 4 and the Circle of 12, which are also very important in William Gann's methods.
So, how do you work with this indicator? Let's break it down step by step. The first thing you need to do when activating the indicator is to select two bars that will denote the beginning and the end of the impulse. This is necessary for the indicator to calculate the price step, which is very important for correctly constructing levels. Here’s an example of how I defined the first impulse, and you can see how well the price reacts to it:
In the upper right corner, there is a table that will display information regarding the modes of the indicator's operation.
Now, let’s discuss the modes of its operation in more detail:
Parameter 1 - mode, is intended for switching the indicator's operation modes. You can choose which square you want to use to view the levels. The options include calculations based on the Square of 9, Square of 4, and Circle of 12. Each of these options was utilized by Gann.
Parameter 2 - "Long|Short|Auto". It is responsible for constructing your levels in the desired direction. By default, the mode is set to "Auto," allowing the direction of the levels to be determined automatically based on built-in logic. However, if you notice that the indicator is building levels incorrectly, you can always force it to construct levels in the direction you need using the "Long" and "Short" settings.
The next parameters "Degree for square 9", "Degree for square 4", and "The degree for the circle 12" are responsible for selecting the degree on the square or circle, depending on the chosen mode.
In the Square of 9, there are cardinal and diagonal crosses, and I have designated a specific direction for each cross. If you are using calculations for the Square of 9, you should use the "Degree for square 9" settings. This parameter includes options for selecting the numerical sequence direction that corresponds to the diagonal and cardinal crosses in the Square of 9. For example, if we choose the direction as ↗️, it means we are taking the diagonal cross in the Square of 9, with the direction from the center moving diagonally up to the right. The levels will correspond to this specific direction. The same applies to all other levels and modes.
Very important parameters are "Multiplier | Divider price step" and "Action." Now, let me explain their purpose. Sometimes, the calculated price step may be either too large for our chart or too small. This affects the levels, which can be either too narrow or too wide.
"Multiplier | Divider price step" allows us to adjust the price step within the rules that must be followed according to Gann's methods, enabling us to be more flexible in our analysis.
"Action" is used to choose whether to increase or decrease the price step. For example, if I want to reduce the price step by a factor of 10, I set the "Action" mode to "Divider," and then assign the most suitable value to the "Multiplier | Divider price step" parameter. The options range from 1 to 1000. The same applies when increasing the price step.
Now you know how to use this indicator. To summarize, the most important thing is to correctly identify the impulse, and then the indicator will do the rest for you.
เอกสารเผยแพร่
Now there is an option to change the color and size of the text that displays the price values of the levels.เอกสารเผยแพร่
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