milkhoneytv

gannoddsquare levels from DAY high low

Gann Square of 9
Odd square to odd square

Start is auto chosen based upon :
day_close greater than day_open
then start equals day_low
or
day_close less than day_open
then start equals to day_high

Gap == 4 then distance is odd to odd square, Example = 121 -169 , 169-225,...

If Gap is increased to 8 then distance will be double the odd square, Example = 121 -225, 225-289,...,

- 1 odd square distance has been filled with purple background
- total 16 targets
-Any doubt feel free to ask.
Release Notes: trend line added
feedback needed
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Comments

Hi

I dont understand the logic used to consider the price..i see for previous day, close is > open. But next day , i see sell signal and trend lines....how is that calculated?
Reply
@pavan29, skip trend lines
gann levels draw from low if close>open else from high
Reply
milkhoneytv milkhoneytv
@milkhoneytv, trend lines consider lots of conditions previous day OHLC and CURRENT day OHLC
Reply
pavan29 milkhoneytv
@milkhoneytv, thanks for replying....so is it the previous day close / open / low / high ? or is todays first 15min candle? also, if i see the sell signal first, is it possible the indicator will repaint and show new SL and reverse entry?
Reply
So this indicator works based on previous day/week low and current day/week open? Can you name tag the thick lines, this will help identify the levels that pumps up or down the price most of the times in most of the charts. Thanks
Reply
Sir, if close price is 2932 and open price is 2887 , so how the price consider for input ...??
Reply
@Kiransu, from low
Reply
@Kiransu, then gann levels draw from day low
Reply
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