Gann AFL
Gann AFL involves using Amibroker AFL to create indicators or tools based on the principles of W.D. Gann’s trading methods. Traders can develop Gann-related indicators for analyzing price movements, geometric patterns, or time cycles. Integration with Amibroker data feed provides accurate market data for effective implementation of Gann techniques.
/_SECTION_BEGIN("GANN 9");
a=Param("Price",5143,1,6000,1);
m=0.125;
b=a^(1/2);
x2=floor(b);
x1=x2-1;
x3=x2+1;
// Generating Gann Square //
for(i=1;i<=8;i++)
{
g[i]=(x1+m*i)^2;
}
for(i=9;i<=16;i++)
{
j=i-8;
g[i]=(x2+m*j)^2;
}
for(i=17;i<=24;i++)
{
k=i-16;
g[i]=(x3+m*k)^2;
}
// Plotting gann lines //
for(m=2;m<=24;m++)
{
if((g[m]<=a)AND(g[m+1]>a))
{ z=m;
t=Param("Resistance Step No.",1,1,24,1);
u=Param("Support Step No.",1,1,z,1);
Plot(g[z],"",colorRed, styleThick | styleDashed);
// Go short bellow red line with stop loss at green line and for targets look at the support lines //
Plot(g[z+1],"",colorGreen, styleThick | styleDashed);
// Go long above green line with stop loss at red line and for targets look at the resistance lines //
for(n=z+2;n<=z+1+t;n++)
{ g[n]=g[n]*0.9995;
Plot(g[n],"",colorBlue, styleThick |styleDashed );
}
for(n=z-1;n>=z-u;n--)
{ g[n]=g[n]*1.0005;
Plot(g[n],"",colorBlue, styleThick |styleDashed);
}
}
}
_SECTION_END();