Gann Square of 9 Calculator

The Gann Square of 9 Calculator is an invaluable tool for forex traders looking to uncover potential support and resistance levels in the market. Developed by renowned trader and analyst W.D. Gann, the Square of 9 method is a unique and highly effective approach to technical analysis. In this comprehensive guide, we'll explore the inner workings of the Gann Square of 9 Calculator, explain the formula behind it, and demonstrate how to use it effectively in your trading strategies.

Understanding the Gann Square of 9

Origins and Purpose

The Gann Square of 9 is a mathematical and geometric concept that was introduced by W.D. Gann in the early 20th century. Gann was a legendary trader who developed various technical analysis tools and techniques, many of which are still widely used today. The Square of 9 aims to predict key price levels by identifying the relationship between time and price movement.

The Gann Square of 9 Formula

The Gann Square of 9 is based on the concept of square roots and their relationship to price movement. The formula for calculating Gann Square of 9 levels is as follows:

Level = (Square Root of Pivot Price + (Angle / 360)) ^ 2

Where:

• Level represents the support or resistance price level.
• Pivot Price is the current market price or any other significant price level.
• Angle is the angle in degrees (0, 45, 90, 135, 180, 225, 270, 315, 360).

Using the Gann Square of 9 Calculator

How to Calculate Gann Levels

To use this calculator, follow these simple steps:

1. Input the current market price or any other significant price level as the Pivot Price.
2. Click the "Calculate" button to generate the Gann Square of 9 levels.
3. Observe the resulting support and resistance levels, which are displayed in a Gann Square grid and separate tables.

Interpreting the Results

The Gann Square of 9 Calculator will display the support and resistance levels in a visually appealing Gann Square grid, as well as in separate tables for easier interpretation. Support levels are marked in green, while resistance levels are marked in red. Each level corresponds to a specific angle, ranging from 0 to 360 degrees.

Conclusion

The Gann Square of 9 Calculator is a powerful and unique tool that can help forex traders identify potential support and resistance levels in the market. By understanding the Gann Square of 9 formula and incorporating it into your trading strategy, you can make more informed decisions about entry and exit points, as well as stop loss and take profit levels.