Dynamic GANN Square Of 9 Bands
Created on 3 Sept 2023
Adjust Increment Value:
Customize increment to match symbol and price characteristics for accuracy.
Green Line:
200 EMA. Identifies trend direction; moves with the prevailing trend.
Red Lines:
Mark prominent reversal levels closer to the red range; ideal for mean reversion strategies.
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The Murrey Math lines are created by dividing the range between the high and low of the monthly timeframe prices into equal parts based on the division factor from 2 to 12.
No matter which timeframe you will use, because the calculations based on the most high and low price values.
Better to use > monthly timeframe for faster calculations.
These lines serve as...
It is by far the simplest on chart presentation of Gann square of 9. It calculates the levels based on previous day closing. These levels usually acts as support and resistance.
GANN Square Of 9 Pivots
How to use for Intraday ?
Method 01 (From 9:05 am to 9:15 am or pre-open market)
Take the Weighted Average Price or Volume Weighted Average Price (VWAP) or Time Weighted Average Price (TWAP) of any stock or index.
You can use TWAP for Index as volume is not available.
Method 02 (From 9:05 am to 9:15 am or pre-open market)
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TM_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 " *...
![1000XECUSDT.P: Murrey Math Horizontal/Diagonal + Subharmonics 0 - 12 [All-Time]](https://s3.tradingview.com/c/CVK62XWV_mid.png "Murrey Math Horizontal/Diagonal + Subharmonics 0 - 12 [All-Time]")
