Parabolic Gann

The proposed indicator is based on the method of William D. Gann (1878-1955), which uses the relationship between price and time.

 In this method, the relationship is expressed as follows: Price = Time squared or P = t ² This relationship between price and time can be represented graphically. To do this, a significant Low and a significant High are taken from the chart. A parabola is then constructed using the “Parabolic_Gann” indicator.

Next, a new parabola is constructed from the base that appeared at the Maximum price, and when it is crossed, the asset price is likely to change its trend direction. This principle can be expressed as, "When price meets time, change is inevitable."

  A “straight” parabola is used for selling.

An “inverted” parabola is used for buying.

 

Based on experience using the indicator, it's best to enter a trade in the direction of the main trend.

 After a strong move, the price pulls back, and when the bar completely covers the parabola, the optimal entry point is determined. Moving averages can be used to determine the trend direction.


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5 (2)
Indicators
Advanced calculation made by pure price action to find LH and HL breakouts. It will give you a great reversal points in the market. LH and HL signals can used for the traingle breakouts as well. Once breakout happens its indicate strong reversal. Nice filter for Moving Averages. I highly suggest to use that with trend indicators. Can be used as an extra confirmation for support and resistance , supply demand indicators. The indicator is not repainting. Buffers :   SetIndexBuffer ( 0 ,UpBar);
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