Linear GANN Levels - Adib Noorani

The Linear GANN Levels - Adib Noorani indicator plots pre-calculated mathematical levels based on W. D. Gann logic to identify dynamic support and resistance zones.

Usage

The Usage section describes how the script can be used to identify potential market reversals or continuations. These levels act as static price benchmarks derived from Gann's mathematical principles, serving as areas where price action frequently reacts.

• Buy Setup: Traders should monitor these levels for bullish candlestick patterns. When a bullish reversal pattern (such as a Hammer or Bullish Engulfing) forms on or near a GANN level, it may indicate a long opportunity.
• Sell Setup: Traders should look for bearish candlestick patterns at these levels. A bearish reversal pattern (such as an Inverted Hammer or Bearish Engulfing) at a GANN level suggests a potential short opportunity.
• Execution: For optimal results, it is recommended to trade during high liquidity periods, such as the first two hours of a market or session open.

Details

The indicator is constructed using a fixed array of mathematical values based on W. D. Gann’s linear logic. Unlike dynamic indicators that recalculate based on recent volatility, these levels are absolute and remain consistent across different timeframes.

The script utilizes a comprehensive array of levels ranging from 1 to over 200,000, ensuring compatibility with various asset classes including stocks, forex, and cryptocurrencies. The script execution is optimized to draw these levels once at the start of the chart using the line.new function with extend.both, ensuring the levels are visible across the entire price history without taxing system resources.

Settings

• Line Color: Determines the color of the horizontal GANN levels displayed on the chart.
• Line Width: Adjusts the thickness of the horizontal lines (range 1–5) to improve visual clarity depending on the chart background and zoom level.

FAQ

How do I use the Linear GANN Levels - Adib Noorani indicator? The indicator displays horizontal levels that act as support and resistance; look for price reactions or candlestick patterns around these levels to inform your trading decisions.

Does this indicator work on all instruments? Yes, the mathematical nature of Gann levels allows the tool to be used across all financial instruments, including equities, commodities, and digital assets.

How can I access this indicator? You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.