Gann Square Properties

Last modified 15:08, 5 Nov 2012

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Gann Squares - Common Properties

Gann Square tools of both Natural and Market types draw 1:1 squares from the initial point selected by the user. The size is determined by the type of Square, e.g. 52, 144, 168, etc. or by the user selecting a range, e.g. Range of Square or Preset Gann Square.

In any event, the formation will be a 1:1 square and duplicate squares, arranged in rows and columns, can be set to be plotted to extend out from the initial square onto the chart.

All Squares in Your SOFTWARE shares many of the same properties, and their Properties dialog boxes resemble one another to a large degree.

In this topic we will explain the following common properties shared by the Gann Square tool group:

Position and Direction

psdrwrtolsqrproppositn1.gifThe initial point and direction can be determined by the initial mouse clicks.

For an upward trending market, begin the square in the lowest historical low. For a short market, begin at the highest historical High.

At this point the cursor will remain active, and the Square's particular icon will display next to the cursor.

Drag the cursor in a circular motion around the initial point and the direction of the square will change depending on which quadrant the cursor is in.

When the correct direction is displayed, single left-mouse click to accept the setting.

Both the initial point and the direction can be changed in the Square's Properties dialog Box.

Change the Date and Price

For Natural Squares (i.e. ones whose size cannot be altered, for example the 52 Gann Square) the Start Date and Start Value can be changed. Either type in new dates using the keyboard or the drop-down calendar selector tool.

For Market Squares, such as the Range Square, both the Start and End Dates and Values are initially set by mouse-click and all can be later edited in the square's Properties dialog box.

The Preset Gann Square is a Market Square whose dimensions can be set by the user. The user picks the initial point with the cursor, this Start Date and Start Value can be later be altered in the Properties dialog. The length of the square's side is then set in the Size parameter text box, rather than setting an End Date and Value.

Note - The Gann Square tool shares is a hybrid and like the Gann Box its sides are not necessarily equal. It therefore has controls for both the Start and End Dates and Values.

Change Direction

drawtool_squarpositnprops.pngThe direction of the square, and the direction of any extension of the initial square (see discussion below), can be altered in the Properties dialog box.

Click on the downward arrow in the Direction text box to open its drop-down menu.

Select one of the directions and single mouse click.

When the dialog box is closed the Square will reposition itself in the direction selected.

Square Size Settings

The size of the square will depend on what type of square it is: Natural Square or Market Square

Natural Squares are based on a 1:1 ratio of mathematically significant numbers that frequently are repeated in nature. Examples include the 52 Gann Square which is partly related to the number of days in a year and the 144 Gann Square which also uses another mathematically significant number as its size parameter.

Market Squares allow the size of the square to be set by the user. For example, the length of the Preset Gann Square's side is then set in the Size parameter text box, while the size of the Range Square depends on the second date selected by the user, initially using the mouse but able to be changed in the Properties dialog box.

Point Size

By default the point size is the system data's point size for the current instrument.

Users can change this, for example if they change the chart's compression to weekly. Changes to point size will affect the price side of the square.

Interval Type

By default the interval type is daily.

For many Gann Squares this can be altered to weekly.

Extension by Duplication

Normally Gann Squares are positioned to begin at a significant historical low or high. The initial square may be quite small in comparison to the subsequent price data for the instrument.

In order to extend the square's analysis to include current and prospective price activity, the initial square can duplicated in any number of columns and rows to cover the existing price data.

For example, assume you are studying a market with an all-time low of $2.47. Position the Preset Gann Square on the chart at the point of the all-time low.

Open Preset Gann Square Properties dialog box. In the Settings tab, change the Box Size from the default of 144 to 247 points, this will draw a Square of 247 starting from the all-time low on the chart you are studying:


Next you will want to duplicate the square and extend it over the whole of the market that you are analyzing.

This is done by changing the Rows and Columns in the Preset Gann Square Properties dialog box so that they cover the entire range of the market:


The numbers used will depend on how long ago the lowest low occurred. In this case 4 rows and 4 columns are adequate to cover all the data up to the present date.

It is a good idea to Lock the initial square.

Note - The Properties dialog box is only accessible by clicking on the original square, not the duplicates created using the Rows and Columns function.

Only the original square can have ‘handles’ indicating that it is selected.

Click OK to apply the settings:


The market square has now been extended across the entire price data.

Line Display

The Gann Square with its numerous resistance and support lines and intersections is displayed.

However, the default setting of many of the Gann Squares provide too much visual information. Unless you are very proficient in reading Gann Squares you will want to adjust the appearance of the graphic, to emphasize the more important lines and intersections.

Select the original square along its bottom margin, and open the Lines tab of the Preset Gann Square Properties dialog box:


By default all lines are turned on and have the same color and weighting. As seen in the previous graphic, this results in a chart that is too ‘busy’ for most beginners.

Turn off some of the secondary lines and change the color and weighting of the major resistance lines:


This will make the important lines easier to identify and apply to the price formations.

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