Gann Square of 9 for Intraday , Which input value is Preferred?

General
1
  • Based on Yesterday’s Close.
  • Based on Today’s Open.
  • Based on LTP at 10.15.
  • Based on Last Traded Price.

0 voters

2

Default gann square of 9 values.

1 Like
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The user need to input one of the above data point to generate the values. Wanted to know what is the most commonly used data point for Intraday Traders.

4

@portfolioplus911
for gunn Square of 9 I have used Ltp at 10 to 10.15 am
another gunn calculator which calculates angles such as 1x1 or 2x1 1x2 etc. I have used high, low, midpoint after 9.30 am.
but it was not suit me hence i dumped this technique 18 months ago. I have old papers where i used to store EOD result if you want i can send you pics

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5

Thanks for the input.

Most of the videos and articles I came across on this topic Suggested your method too, Calculating Output based on the price at 10.15am.

Even I found calculating Intraday Gann values based on LTP at 10.15am was not logical, Since a portion of the demand and supply was already discounted at around 10.15am.

The above poll suggests most traders are using Yesterday’s Close as the Input, need to observe it closely next week.

Co-incidence that Nifty reversed at Gann Resistance 2 on Friday, this was based on Thursday’s close.

The values based on Previous day’s close looks more promising, as majority of traders confluence are on these values.

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@portfolioplus911
there are more parameter to enter ex. yesterdays close, todays open, ltp after 10 Am, (high+low)/2 After 10 am,(O+H+L+C)/4 after 10 am or same for yesterday… eehhhh
hence i moved out
hope you find correct input !!

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7

For intraday trading, I usually prefer using the LTP around 10:15 AM rather than yesterday’s close or today’s open.

The first 30–60 minutes of the market are often very volatile because of overnight news, gap adjustments, and opening order flow. If you calculate Gann Square of 9 levels based on yesterday’s close or the opening price, those levels can become less relevant once the market stabilizes.

Waiting until around 10:15 AM gives a better reference price because by then the market has usually established its initial intraday structure.

So the workflow many intraday traders follow is something like this:

• Wait for the first hour of trading • Take the current LTP around 10:15 • Calculate Square of 9 levels from that price • Use the levels as potential intraday buy/sell zones

Some traders do use yesterday’s close for swing trading or positional setups, but for pure intraday trades I’ve found the 10:15 LTP reference works better.

If you want to experiment with it without doing the manual calculations, you can try a simple Gann Square of 9 calculator where you just enter the current price and it generates the levels automatically:

https://stockmaniacs.net/freebies/free-tools/gann-square-of-9-calculator/

It works for Nifty, Bank Nifty, stocks, forex and commodities, so you can test different inputs and see which one suits your trading style.

But like any tool, it works best when combined with price action and proper risk management, rather than trading the levels blindly.