Alan Square Price-Action Levels and Angles for Trading

Summary

The Alan Square, also called DaBox, is a price action framework built from the prior period’s high and low. It marks the range boundaries, midpoint, quarter levels, and extensions, then projects diagonal lines from key levels. Major angles are described as potential opportunity areas, while parallel minor angles from the quarter levels are mainly used for protection. Traders use the structure to organize possible entries, targets, and protective decisions, favoring strong setups with follow-through and avoiding trades against a zone’s support or resistance role.

The accompanying indicator description says the square can be plotted from daily, weekly, monthly, or yearly ranges. The method was developed around ten-minute Dow Jones futures, with reported use on other futures, currencies, stocks, and timeframes. These are suggested applications rather than a complete rule set, and the document supplies no performance testing. It encourages experimentation; its levels and angles should therefore be treated as a discretionary chart framework rather than a validated standalone strategy.

Key ideas

• The square maps a prior period’s high-low range into boundaries, a midpoint, quartiles, and extensions.
• Major diagonal angles are presented as opportunity areas, while minor angles serve mainly as protection references.
• The framework emphasizes high-quality setups, follow-through, and respecting support and resistance zones.
• The description spans multiple range horizons and instruments but provides no systematic performance evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.