Gann Square of 9
The GANN Square of 9 calculator is a tool used in technical analysis, particularly in intraday trading, that is based on the theories and techniques developed by W. D. Gann, a famous American trader, and analyst who lived in the early 20th century.
This calculator helps traders identify key support and resistance levels in the market based on a geometric grid pattern.
How to execute trades based on this system
To do intraday trades based on this system,
You need to take the LTP of the index or stock after 9:05 AM i.e. the opening time in the morning!
The full form of LTP is the Last Traded Price. The price at which the last trade occurs between the buyer and a seller in the stock exchange. The LTP value varies in the live market.
Ideally, You should take the Weighted Average Price between 9:00 AM — 9:15 AM (Pre-market Range) because of volatility caused due to price discovery in the initial minutes.
However, after 9:30 AM, You can just take the LTP!
This is in the context of the Indian Share Market when the pre-market starts from 9:00 AM and the market starts from 9:15 AM.
This system is not developed by Gann. It merely shows a vague use case for the Gann Square of 9 Calculator with…