Gann Square

Last modified 15:01, 5 Nov 2012

sitmicon34.gifThis content is provided in support of the Safety in the Market (SITM) module for Your SOFTWARE and may not be applicable to your package. For more information, go to the Modules topic of this help.

Gann Square

The Gann Square tool is a transitional tool having attributes of both Gann Squares and Gann Boxes.

Unlike the Gann Box, it contains the pressure point lines and angles of the Gann Square, but unlike a Gann Square, its time and price dimensions are determined by the user, i.e. not strictly constructed on a 1:1 basis.

In addition, like the Gann Box, it can be copied and pasted by the user onto the chart at a point determined by the user. It can also be duplicated in the manner of Gann Squares, the Gann Box does not have this facility.

For an explanation of the relationship between these tool types, refer to the About Gann Boxes and Gann Squares topic.

Position Initial Square

Click on the beginning of the price formation, then hold down the right mouse key and drag the cursor to the end of the formation.

The user sets the time and price dimensions, they do not have to be a 1:1 ratio as they are in squares.

A Gann Box with all the intersecting lines typical of a Gann Square will be plotted by the software.

Superimpose Square Formation

Right mouse-click on the initial Gann Square to access the Copy to Clipboard function in the square's popup menu:

psdrwrtolgnsqrpopup.png

Place the cursor over a price formation that you want to compare, right mouse-click and select Paste from the chart's pop-up menu. After pasting, select the new Gann Square and open its Properties dialog to accurately position it at the beginning of the price formation.

Superimposing an exact copy of a Gann Square representing a previous cycle in terms of both price and time over the top of a future cyclic high or low can provide key insights into the future market movements based upon the previous movements.

Duplicate Square Formation

In addition to the ability to copy and paste comparisons, the initial Gann Square can also be extended across the chart using the Row and Column parameters in the Settings tab of its dialog box:

drawtool_gansqarowcols.png

Using this tool you can have both extended squares, set by the Rows and Columns function, together with pasted squares, on the same chart. If you do this, you should change the line colors of the different types so that they can be distinguished from each other.

User Settings

The following settings can be altered by the user in the Gann Square Properties dialog:

Start and End Dates and Values

The first and most important point is that the reference Square has the precise start and end points in terms of both time and price that you are after. These values should be the exact dates and prices of the highs/lows that signify the start and end of the cycle you wish to study.

Rows / Columns

Add multiples of the Square across the chart in the direction of price (rows) and time (price). This is one of primary difference (along with additional angles) between the Gann Square and the Gann Box.

Locked

Check to lock the tool in place once it is set correctly.

Appearance

Alter the Color, Weighting (thickness) and Style (solid, dotted, dashed) of the lines used to display the box to suit your personal analysis preferences.

If you are applying a Gann Square on the same chart as you may have applied a other Gann Squares it can very useful to change the colour or style to as to clearly distinguish between the two.

Lines

The Gann Square tool displays all Gann Square type pressure point lines and angles. Users can change the number of lines displayed in the Gann Square.

Remove the tick from the list for any angle you do not wish to appear.

Default

You can change the default settings here by clicking on the Default tab and choosing to save changes as the new default settings.

Page statistics
987 view(s) and 5 edit(s)
Social share
Share this page?

Tags

This page has no classifications.

Comments

You must to post a comment.

Attachments