Price and Time squaring is one of the main concepts that W.D. Gann introduced and talked about in his books. This script uses those techniques to Square a Range that you specify on the chart.
Using this script you can square the chart based on:
- Price
- Time
- Both Price and Time
You can also choose to square based on the price, price squared or square root of the price with a lot of customization and coloring options. You have the overall control to change any part of the script including lines colors, style, thickness, fill colors and so on.
Please note that although the script tries to set the direction and the price per point automatically for you, sometimes for very fast or very slow instruments you will need to define the price per point for the instrument that you are dealing with.
How to use
Once you add the script, you will need the 2 points associated with the Range you want to square. The script will prompt you to select the first point on the chart then the second point.
The script will calculate the price per point and the trend direction for you automatically.
If needed, you can change the price per point and the direction from the settings.
You can also select to add multiple boxes for the same squared range
Please PM me for access or for any question.
Release Notes:
January 28, 2022
Speed enhancements
Speed enhancements
Release Notes:
Adding more line colours options