Gann Levels (Auto) by RRR

📌 Gann Levels (Auto) — Intraday, Swing & Elliott Wave Precision Tool

Gann Levels (Auto) is a high-accuracy price-reaction indicator designed for intraday scalpers, swing traders, and Elliott Wave traders who want clean, auto-updating support and resistance levels without manually drawing anything.

The indicator automatically detects the latest swing high & swing low and plots the 8 Gann Octave Levels between them. These levels act as a complete price map—showing equilibrium, structure, trend continuation zones, and reversal points with extreme precision.

🔥 Why This Indicator Stands Out
✔ Fully automatic swing detection

Levels update as structure evolves — no manual adjustments.

✔ All Gann Octave levels

Plots 1/8 through 8/8 including the critical 4/8 midpoint.

✔ Intraday-optimized

Exceptional on 1m, 3m, 5m, and 15m charts.

✔ Ultra-clean support & resistance

Levels act as reliable barriers and breakout zones.

⭐ MOST IMPORTANT LEVELS FOR INTRADAY
4/8 – Midpoint (Major Decision Pivot)

Strongest Gann level.
Controls trend or reversal for the session.
Breakout → Trend Day
Rejection → Reversal Day

8/8 & 0/8 – Extreme Structure Edges

Most likely zones for intraday reversals.
Perfect for scalp entries when combined with volume exhaustion.

🎯 How to Trade ELLIOTT WAVE Using Gann Levels

This indicator is exceptionally powerful when combined with Elliott Wave Theory.
Here is how to use it wave-by-wave:

🔵 Wave 2 → Identify Bottom Using 0/8 or 1/8 Levels

Wave 2 typically retraces deep but remains above key structure.

Gann confirmation:

Price stops at 0/8 or 1/8 zone

Rejection wick + low volume breakdown attempt

Bullish intent starts forming

This gives a perfect Wave 3 entry zone.

🔴 Wave 3 → Breakout Above 4/8 Midpoint

Wave 3 is the strongest impulsive wave.
The 4/8 level works like a force-field.

Wave 3 confirmation:

Price breaks and retests 4/8

Strong volume

No deep pullbacks after break

This is one of the most reliable Elliott + Gann trades.

🟡 Wave 4 → Uses 3/8 or 5/8 as Support/Resistance

Wave 4 is corrective and shallow compared to Wave 2.

Gann alignment:

Wave 4 often consolidates between 3/8 and 5/8

Levels act like range boundaries

Avoid trading inside chop; wait for breakout

This gives perfect continuation entries for Wave 5.

🟣 Wave 5 → Ends Near 7/8 or 8/8 Extreme Zone

Wave 5 usually ends in overbought territory.

Gann confirmation:

Price hits 7/8 or 8/8

Momentum weakens

Divergence builds (RSI/MACD optional)

Last push = exhaustion

This is where reversals or major pullbacks begin.

💥 BONUS: Corrective Waves (A-B-C)
Wave A:

Often rejects from 4/8 or 5/8.

Wave B:

Typically trapped between 3/8–5/8.

Wave C:

Usually ends around 0/8 (for bullish trend)
or 8/8 (for bearish trend).

These zones give ultra-high confidence entries.

⚙️ Who This Indicator Is Perfect For

Elliott Wave traders

Intraday scalpers

Swing traders

Price action & structure traders

Traders who want automatic support-resistance levels

Traders who want clean, non-cluttered levels

⚠️ Disclaimer

This indicator is for educational purposes only.
Trading involves risk. Always use proper risk management.