Range Square

Last modified 15:00, 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.

Range Square

The Range Square tool allows you to measure the previous range in points using the cursor, and converts this price range to a Square of that size i.e. equal in time and price. This allows you to quickly draw a Gann Square using the value of the previous significant range in points as the basis of your Square.

It is a Market type square, it can be used to make squares based on the range of a specific market.

Position and Edit

Left mouse-click once on the bar where you wish to start drawing the range, then drag across to the end point of the range and left mouse-click a second time.  As with all squares, the points selected to define the range should be at significant turning points.

Note that as you extend the line for the square, a Gann Square is drawn progressively as the range to be used is defined, and a dotted line will delineate the range selected with two lines at right angles.

The Square will display on the chart, all its sides equal to the size of the range selected.

Toggle the mouse above or below the end point of the range to establish the upward or downward direction, then left mouse-click a third time to secure the Range Square in place:

psdrwrtolsrngsqr.gif

The default setting will display all the lines and angles within the Square, in their default color and line weight.

Using common square functionality users can change the colors of lines, including the range definition line (colored red in the example above) and turn off the display of other lines.

In the example above, the 1/8 Lines and Remaining Lines have been turned off, and the Midpoints to Corners lines have been colored orange and thickness increased.

User Settings

In addition to line display, the Range Square Properties dialog box controls manual settings for Start/End Date/Price, direction, extension by duplication, point size and other common Gann Square settings.

For more details on common functions found in Gann Square Properties dialog boxes, go to the Gann Squares - Common Properties topic.

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