OPEN-SOURCE SCRIPT
Updated Gann Single Square Swing Trading System with Gann Angles
Gann Single Square Swing Trading System
This script automatically detects "squares" - geometric patterns where price movement equals time movement. When price moves the same distance as the number of bars (time), it creates powerful support/resistance levels based on Gann theory.
Key Visual Elements
• Box: The detected square pattern
• Dark Blue Line (50%): Most important trading level
• Green Lines: Profit target levels (125%, 150%)
• Red Lines: Stop loss levels (-25%, -50%)
• Colored Angle Lines: Gann angles for trend direction
• Quality Score: Blue label showing setup strength (aim for 70%+)
Simple Trading Rules
LONG Trades (Green 🟢 Square)
1. Entry: Buy when price touches the dark blue 50% line from above
2. Stop Loss: Place below the red -25% line
3. Take Profit: Exit at green 125% line (first target) or 150% line (second target)
SHORT Trades (Red 🔴 Square)
1. Entry: Sell when price touches the dark blue 50% line from below
2. Stop Loss: Place above the red -25% line
3. Take Profit: Exit at green 125% line (first target) or 150% line (second target)
Entry Checklist
✅ Square quality score > 70%
✅ Price touches 50% level (dark blue line)
✅ Volume above average (if volume filter enabled)
✅ Clear square formation visible
Alerts
The script generates automatic alerts when price reaches the 50% trading level. Enable alerts in TradingView to get notified of setups.
Bottom Line: Wait for the alert → Check quality score → Enter at 50% level → Set stop at red line → Take profit at green line.
This script automatically detects "squares" - geometric patterns where price movement equals time movement. When price moves the same distance as the number of bars (time), it creates powerful support/resistance levels based on Gann theory.
Key Visual Elements
• Box: The detected square pattern
• Dark Blue Line (50%): Most important trading level
• Green Lines: Profit target levels (125%, 150%)
• Red Lines: Stop loss levels (-25%, -50%)
• Colored Angle Lines: Gann angles for trend direction
• Quality Score: Blue label showing setup strength (aim for 70%+)
Simple Trading Rules
LONG Trades (Green 🟢 Square)
1. Entry: Buy when price touches the dark blue 50% line from above
2. Stop Loss: Place below the red -25% line
3. Take Profit: Exit at green 125% line (first target) or 150% line (second target)
SHORT Trades (Red 🔴 Square)
1. Entry: Sell when price touches the dark blue 50% line from below
2. Stop Loss: Place above the red -25% line
3. Take Profit: Exit at green 125% line (first target) or 150% line (second target)
Entry Checklist
✅ Square quality score > 70%
✅ Price touches 50% level (dark blue line)
✅ Volume above average (if volume filter enabled)
✅ Clear square formation visible
Alerts
The script generates automatic alerts when price reaches the 50% trading level. Enable alerts in TradingView to get notified of setups.
Bottom Line: Wait for the alert → Check quality score → Enter at 50% level → Set stop at red line → Take profit at green line.
Release Notes
Script Updated,SUMMARY OF UPDATES
1. Individual Ratio Detection Controls
• 7 separate toggles to enable/disable each specific ratio for square detection
• You can now choose exactly which price-to-time ratios the system will recognize as valid Gann squares
• Each ratio (1x4, 1x3, 1x2, 1x1, 2x1, 3x1, 4x1) has its own on/off switch
• Benefit: Create custom detection strategies focusing on specific ratio patterns
2. Individual Gann Angle Display Controls
• 7 separate toggles to show/hide each type of Gann angle line on the chart
• Independent from detection - you can detect all ratios but only display certain angle lines
• Each angle type can be turned on/off individually
• Benefit: Cleaner charts by showing only the angles you want to see
3. Ratio Identification System
• The system now identifies and displays which specific ratio was detected for each square
• Square information labels show the detected ratio (e.g., "2x1", "1x3") alongside quality scores
• Benefit: Know exactly which Gann pattern triggered each square formation
4. Enhanced Alert System
• Trading alerts now include the specific ratio information in the alert message
• More informative notifications that tell you which pattern caused the alert
Summary :
Transformed from a Fixed control system to a fully customizable Gann ratio control system with individual toggles for each ratio type, providing traders with precise control over their Gann square analysis.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.