"The Square of nine or Gann Square or Master Chart is also known as the square root calculator and finds it basis from Gann's methods which is squaring price and time. The square of 9 is a spiral of numbers with the initial value "1" starting off at the center. Starting from this central value, the number is increased as we move in a spiral form and in a clockwise direction. According some experts, each cell in Gann’s square of nine represents a point of vibration" - from iSaham website
- Based on Gann Square 9 Table - Lines act as Support and Resistance - Lines can also be used as guide for Take Profit or Cut Loss level - Indicator will plot 8 nearest lines at current price.
Generally, trade will refer : - Red Line - Stronger Support and Resistance - Blue Line - Support and Resistance
Notes : Only suitable for Bursa Malaysia stocks Currently lines only cover price below RM5
Please pm me if you interested to use :)
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- update to RM6 -
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- update label -
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Added Info Panel :
i. Current Price ( CP ) ii. Risk = CP - Gann Support ii. Reward = Resistance - CP
Info Panel can be turn on or off at Indicator Setting
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- Minor changes : Change Info Panel Location
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Added Table with new features : i.- Automatic Calculation of Risk Reward Ratio based on Gann Lines and current price ii- Table will display the next resistance and closet Support iii- Table Color will match Gann Square color ( blue = less strong Support/Resistance) and Red = stronger Support/Resistance iv- If RRR is good = Table info will display the message "Good RRR" and if RRR is lower than Reward = will display message "Bad RRR"
- Thanks 😎
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- Updated with a more simplified and clean look. - It displays Gann's support and resistance and Reward/Risk value inside the bracket - Users have the choice to select color for text
Thanks
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Minor Adjustment : Solid Line = Stronger Resistance/Support Dashed Line = Resistance/Support