Using a Square of Nine Grid with Pivot-Based Price Progressions
Summary
This chart indicator anchors a Square of Nine grid to a user-selected significant high or low. It detects subsequent pivot highs and lows using configurable bars on each side, then displays pivot prices in a numbered grid whose cell increments and rotation count can be adjusted. The user can select a high or low anchor and set the price increment’s direction, allowing the grid to represent progression or regression from the chosen starting point.
The display can mark equal high and low pivots, show the current close in the grid, and draw selected angular lines as potential support or resistance references. These are technical-analysis visualization choices, not validated price forecasts. The document gives no backtest, statistical evidence, or rules for acting on levels; pivot identification also depends on bars to the right of a candidate, so recognition is delayed until those bars form. Grid levels should therefore be treated as exploratory references rather than demonstrated predictive signals.
Key ideas
- A selected high or low pivot provides the anchor for a Square of Nine price grid.
- Subsequent pivot highs and lows are identified with configurable left and right bar counts.
- Cell price increments, rotation count, rounding, and selected angle lines shape the grid display.
- Equal pivot prices can be highlighted, and the current close can be marked in the grid.
- The indicator provides no empirical validation, and pivot confirmation requires later bars.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.