Preset 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.

Preset Gann Square

The Preset Gann Square drawing tool will allow you to draw a ‘Square' in the dimensions that the market you are analyzing requires. This type of Gann Square is a “Market Square”.

Initially the square will have a default price range of 144, an important “natural” Gann number (refer to the discussion of Natural and Market Squares in the About Gann Boxes and Squares topic). This default can be changed to the size of the square to suit the value of a Market Square for a particular stock or commodity by altering the Box Size setting in the Preset Gann Square Properties dialog box.

Position and Edit

The dimensions of the square are pre-set in the Properties dialog, the 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 and left mouse-click once to anchor the start of the Square. Move the mouse slightly up or down around that point to establish the direction of the Square, click a second time to fix the Square in the chosen direction.


Initially the square will have a default price range (Box Size) of 144, an important “natural” Gann number. This number will have to be changed to conform with the market that your chart represents.

As an example, 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. It pays to ensure you have accurate start date and price details for the anchor point of your Square:


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 recommended that the initial square be Locked in place.

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.

However, the Preset Gann Square display provides 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 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.

For more information on setting the line display and other common Gann Square functionality, go to the Gann Squares - Common Properties topic.

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