OK I finally decided to post this indicator for others to try. I developed this indicator in conjunction with Patrick Nouvion over at IBFX. My concepts, his coding.
This indicator will plot support and resistance lines based on Ganns Square of 9 formulas. It also plots the Fib Time zones in an approximation of squaring time with price. There certainly is no other way that I have found described as to how best to use that tool.
Anyways, first you need to identify a significant high or low that you wish to use as the reference point. Use a daily or 4hr chart and pick the most recent high or low where the market reversed. Enter that price in the value box.
Next you need to set the angle for the calculations. The smaller the angle the closer the S/R lines will be to each other. Since this is based on 9, I use multiples of 9 for my angles. You can use whatever you like, fib numbers, whatever. I find 18 to be pretty consistent. You will be surprised at how often price pauses or consolidates at these levels.
DisplayFibCycles will plot the Fib Time Zones at the correct levels based on the formulas. The only use I have found for this feature is to use it to draw channels for anticipated price movement. I use the Fibo Channel tool with modified levels. Place start point for channel on the exact high or low you are using. Place second point on the intersection of either the second or third time line and the second or third gann line in the direction of price movement. Third point or start of the other side of the channel goes on the intersection of the start time line and the second or third gann line below the one you used for point two.
Anyways, Play with it and see what you come up with and I hope it is useful..
Does not repaint and does not rely on anything other than the start value you enter.
Square of Nine in Excel link previously noted provided a lot of the insight for this indicator and is good reading.
Steve