NOW...buy long eurusd 28 bars 5 min...27 bars 1 min
double fibo...I will put chart later
double fibo...I will put chart later
Michael S. Jenkins teachings
- #2,077
- Edited 12:18pm Jun 21, 2024 10:27am | Edited 12:18pm
@carbonmimeti, sharing an indicator you can experiment with, since you are into geometric trading.
It's not a state-of-the-art kind of a thing given my limited programming skill, but helps you to draw any shape given the relevant offset angles.
I find MT4's Trend Line By Angle not being stable, sometimes off by a few degrees when you off/re-start MT4 and very much dependent on scaling. Gann Line fixes this problem for me and does not necessarily need a Scale Fix One to One to draw regular polygons (having scale 1-1 will give you a visually perfect shape though). A pentagon, for example, is drawn with the angles shown in the input section of the indicator.
Hopefully you'll find it useful. Many thanks to you and all who have contributed.
It's not a state-of-the-art kind of a thing given my limited programming skill, but helps you to draw any shape given the relevant offset angles.
I find MT4's Trend Line By Angle not being stable, sometimes off by a few degrees when you off/re-start MT4 and very much dependent on scaling. Gann Line fixes this problem for me and does not necessarily need a Scale Fix One to One to draw regular polygons (having scale 1-1 will give you a visually perfect shape though). A pentagon, for example, is drawn with the angles shown in the input section of the indicator.
Hopefully you'll find it useful. Many thanks to you and all who have contributed.
- #2,078
- Jun 22, 2024 1:54am Jun 22, 2024 1:54am
- Joined Jun 2012 | Status: Trader | 1,452 Posts
first of all thanks for the indicator you posted, as soon as I have 5 minutes I'll try it (today is Saturday :
)..)
then 2 things:
1) I also noticed that when I turn the MT4 off and on again, the angular trendlines that I drew by hand differ by about 1/2 degrees... but it is not a problem to reset them, furthermore my platforms are always turned on 24 hours a day 24 from early Monday morning to Friday evening.
2) I have read other times that to scale the graph you need to set the fixed scale 1 to 1... nothing could be more wrong!!! I write it for the umpteenth time: every currency, every index, every stock has its own PRICE/TIME conversion factor and also every time frame obviously. The geometry of the market helps me understand the reversal points but, as I have already written, I combine the circles with the bar count as I have already explained with many examples even in real time... the bar count is fundamental (for me ) and the fact that it also appears on the GANNTRADER should give pause for thought. I am 55 years old and many of you have probably never used the Ganntrader as it is a software that requires Windows XP....so: I have an old PC like I do and I keep it solely for the Ganntrader or do like one of mine friend who installed a virtual machine to make it work. Why is Ganttrader important? because inside there are original Gann tools and if you download the user manual you will immediately understand what I'm saying. Honestly it's not very intuitive to use, the commands are all in DOS... but it's worth it. it goes without saying that you can find everything on the web.....
I put this link in Italian where you can find further information...use google translator
https://www.gannworld.it/software/ga...n%20dal%201979.
enjoy the reading
I read that today the heir of the Ganntrader is the OPTUMA software, the same one mentioned at the beginning of this 3D DIAMONDMINER... but I honestly have never tried it and I don't even think about buying it since for now I have everything what I need
)..)then 2 things:
1) I also noticed that when I turn the MT4 off and on again, the angular trendlines that I drew by hand differ by about 1/2 degrees... but it is not a problem to reset them, furthermore my platforms are always turned on 24 hours a day 24 from early Monday morning to Friday evening.
2) I have read other times that to scale the graph you need to set the fixed scale 1 to 1... nothing could be more wrong!!! I write it for the umpteenth time: every currency, every index, every stock has its own PRICE/TIME conversion factor and also every time frame obviously. The geometry of the market helps me understand the reversal points but, as I have already written, I combine the circles with the bar count as I have already explained with many examples even in real time... the bar count is fundamental (for me ) and the fact that it also appears on the GANNTRADER should give pause for thought. I am 55 years old and many of you have probably never used the Ganntrader as it is a software that requires Windows XP....so: I have an old PC like I do and I keep it solely for the Ganntrader or do like one of mine friend who installed a virtual machine to make it work. Why is Ganttrader important? because inside there are original Gann tools and if you download the user manual you will immediately understand what I'm saying. Honestly it's not very intuitive to use, the commands are all in DOS... but it's worth it. it goes without saying that you can find everything on the web.....
I put this link in Italian where you can find further information...use google translator
https://www.gannworld.it/software/ga...n%20dal%201979.
enjoy the reading
I read that today the heir of the Ganntrader is the OPTUMA software, the same one mentioned at the beginning of this 3D DIAMONDMINER... but I honestly have never tried it and I don't even think about buying it since for now I have everything what I need
