WD Gann Intraday Pivot Indicator Manual

WD Gann Intraday Pivot Indicator Manual

23 May 2017, 13:30
Somsri Sarkar
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Copyrights Notice:
Copyright © 2016-2017 by Somsri Sarkar
All rights reserved. This Manual / Blog post or any portion thereof may not be reproduced or used in any manner whatsoever without the express written permission of the Developer except for the use of brief quotations for Manual review.

Important Risk Disclosure:

The risk of trading can be substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance is not necessarily indicative of future results.It should not be assumed that the methods, techniques, or indicators presented in this product will be profitable or that it will not result in losses. Past results are not necessarily indicative of future results. Examples presented on this Manual are for educational purposes only. These set-ups are not solicitations of any order to buy or sell. The developer assumes no responsibility for your trading results. There is a high degree of risk in trading.

Please read: Product Description & Input Parameters

History: This indicator is developed with WD Gann Mechanism with modern science for the modern market.  Indicator backtest result since 1999 proved it works frequently. Not just 1999. The applied method on 18th-century data also worked with different markets. The method works for anything that has a quote even for cryptocurrencies.

BitCoin

Indicator Usage: Indicator plots acute support & resistance levels, Dynamic Trend lines, Gann Master Chart Grid Layout, Key Times (where the market can change trend) on intraday charts with custom parameters. The indicator also plots Possible Buy/Sell Arrows and shows signals for entries. (Subject to consider with market price action). A perfect and complete tool for swing day traders, scalpers.

Scaling The Indicator:

Indicator has two scaling option, 

  • 0.01 cent or 1 pip
  • $1 or more (Non-FX Instruments, Indices, commodities)

1st is one for forex and crude oils, silvers which get quoted as 19.95 or 123.56 etc. 

2nd one is for Non-Fx instruments, Indices & commodities, for example with US30 which get quoted as 20930.85, "$1 or more" is perfect.

Using Daily Pivots:

Daily Pivots are support and resistance levels, which has two parts 

  • Major Support Resistance levels.
  • Minor Support Resistance levels.

Notes! Among these levels, Major S1 or Major R1 is an important area for breakout or reversal. If breaks Major S1 or Major R1 that indicates a breakout trade.

Somedays major S/R levels works good, some days Minor S/R works good (especially on weak days)

Example 1: GBPUSD

Gann Intraday Pivot Indicator

Using Hourly Pivot:


Hourly pivot is a secondary minor factor which trader use to match up with daily pivot to get weight into their trading decisions. Hourly pivot does works as a standalone system. 

Example 2:


Using Custom Pivots:


Custom Pivots are two types custom pivot price lines, custom pivot timelines. Timelines indicate important key time for the market to change trend.

Both can be plotted with 4 user selected parameters:

from Current day high / Last Day High /  Current Day Low / Last Day Low.

It is not necessary that both time pivot & price pivot will work together. Both systems can works differently for different markets. The user can either use custom price pivot or time pivot or both.

Example 3:

Custom Pivot

In the example above, market formed an intraday top around a "time pivot" which got drawn from the current day high timing.

Example: 4


Using Gann Master Grid Chart Layout:

It contains, dynamic support & resistance levels which are marked as "Bullish Grid"  & "Bearish Grid".  Also, it plots horizontal price levels & vertical time lines.

  • As long as the market stays above any bullish grid lines it's in uptrend from that grid line.
  • As long as the market stays below any bearish grid lines it's in downtrend from that grid line. 

That means the trend here works as a point to point system. 

Grid lines have two types: Major Grid lines & Minor Grid lines. In general case, both together works well like daily pivots.

Example 5:

Gann Grid

Example 6:

For Trendy pairs like GBPJPY, the market works inside the bullish bearish grid channels.

Using custom Timing for Non-FX instruments:

For Non-FX instruments which do get operated with 24 hours market structure them, the user needs to enable custom timing options. In order do that, the first user needs to find out the custom timing for that specific instruments. From Market Watch Window, right click on the instrument & from right click menu click on Specification. To get Instrument Start hour & End hour. Below is the example of US30. 

Custom Timing

Input these data on indicator custom time settings:

Notes on Trend Arrows / Signals:

Trend arrows produce unfiltered trade signals. That's why it is always advised to consider market price action in order to make trading decisions. If arrows say possible buys & market didn't move up rather falls down. Then that signals automatically gets obsoleted.

Download this indicator From Here

For any kind of query regarding this indicator and strategy, please feel free to contact us back.

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