- #2,824
- Jun 29, 2012 11:24pm Jun 29, 2012 11:24pm
- Joined Sep 2011 | Status: Minor crosses. Major pips. | 3,701 Posts
Time turns trend. - W.D. Gann
- #2,826
- Jun 30, 2012 7:43am Jun 30, 2012 7:43am
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
Very good auto gann fine lines - how does it determine the direction?
Is there a setting?
Strange thing happening. Now I open a new chart in H1, the gannfan is now pointing backwaards same as D1. How to fix this?
I tried on different time frames and you can see the attachment.
Using D1, the lines are draw backwards. I did it on H1, it is forward.
I did it in M15, it is backward. How do I set the direction of the gann fan? upwards, downwards, forward and backwards.
Thanks
"Millionaires don't use astrology, billionaires do"
- #2,827
- Edited 8:44am Jun 30, 2012 8:31am | Edited 8:44am
- | Joined Oct 2011 | Status: Trader | 107 Posts
When the 1x1 line is a different color the fan is active meaning dbl/single click that 1x1 line line and adjust it the rate of time/price ratio to your desire which ever direction, when the fan is all 1 color fan is closed, simple drag the adjustment script to the screen over the 1x1 line and that fan is now adjustable again set it and turn off the script again once set, Hope it helps
- #2,828
- Jun 30, 2012 8:55am Jun 30, 2012 8:55am
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
"Millionaires don't use astrology, billionaires do"
- #2,830
- Jun 30, 2012 7:20pm Jun 30, 2012 7:20pm
- Joined Sep 2011 | Status: Minor crosses. Major pips. | 3,701 Posts
Time turns trend. - W.D. Gann
- #2,831
- Jun 30, 2012 9:10pm Jun 30, 2012 9:10pm
- Joined Sep 2011 | Status: Minor crosses. Major pips. | 3,701 Posts
Time turns trend. - W.D. Gann
Hey FEP, nice angles
can i ask what scaling method youre using though? I usually stick with 4 digit SQRT method and my prices/time lines are different to yours. I realise plenty of folks prefer 3 digit, or extrapolating the duration and price length of first leg/wave of a move, or even using a fixed scale like ILPs often cited 100pips/1 day.
can i ask what scaling method youre using though? I usually stick with 4 digit SQRT method and my prices/time lines are different to yours. I realise plenty of folks prefer 3 digit, or extrapolating the duration and price length of first leg/wave of a move, or even using a fixed scale like ILPs often cited 100pips/1 day.
- #2,833
- Jul 2, 2012 5:02pm Jul 2, 2012 5:02pm
- Joined Sep 2011 | Status: Minor crosses. Major pips. | 3,701 Posts
Hey FEP, nice angles
can i ask what scaling method youre using though? I usually stick with 4 digit SQRT method and my prices/time lines are different to yours. I realise plenty of folks prefer 3 digit, or extrapolating the duration and price length of first leg/wave of a move, or even using a fixed scale like ILPs often cited 100pips/1 day.
Time turns trend. - W.D. Gann
- #2,834
- Edited 7:48pm Jul 2, 2012 5:14pm | Edited 7:48pm
- Joined Sep 2011 | Status: Minor crosses. Major pips. | 3,701 Posts
Time turns trend. - W.D. Gann
Thanks. Whenever I draw up a chart, I don't even check the Scale Fix One to One or the Scale Fix option. I really haven't even looked into all of that, yet. Still experimenting and learning with this way of trading. I'll take the swing high and the swing low, add the two, then divide it by two, for the median price. Then add that price to the high and divide by two for the next line, and so on. And the same with the low and median. And if I get a number like 1.31299543 after adding and dividing the price, I'll put that exact number in there and...
OK thanks FEP, still not sure I understand as if you were to add the median price of the previous move to its peak and divide by two and repeat you would you have uniform boxes? But maybe Ive misunderstood, thats the beauty of trading financial markets, theres so many ways to skin the proverbial cat
- #2,836
- Jul 3, 2012 5:53pm Jul 3, 2012 5:53pm
- Joined Sep 2011 | Status: Minor crosses. Major pips. | 3,701 Posts
Time turns trend. - W.D. Gann
- #2,837
- Jul 3, 2012 7:44pm Jul 3, 2012 7:44pm
- Joined Sep 2011 | Status: Minor crosses. Major pips. | 3,701 Posts
Time turns trend. - W.D. Gann
- #2,838
- Jul 3, 2012 8:45pm Jul 3, 2012 8:45pm
- Joined Sep 2011 | Status: Minor crosses. Major pips. | 3,701 Posts
OK thanks FEP, still not sure I understand as if you were to add the median price of the previous move to its peak and divide by two and repeat you would you have uniform boxes? But maybe Ive misunderstood, thats the beauty of trading financial markets, theres so many ways to skin the proverbial cat
First I find a swing high and swing low. Then I'll put a horizontal line on the high and another one on the low. Then I'll go into the trendline properties and put the actual price in there, instead of just guessing with my eye.
Then I'll put a vertical line on the high date, and one on the low. So, now I just squared my time period that I'm using. After that, I'll put a big old X in the box. All my horizontal lines are based on math, and no guessing or eyeing it just right. So, I'll add the high and the low, then divide it by two, which will give me the median price for that swing.
I'll then put a vertical line right in the center of the X. And this part, to me, is important. If the center vertical line does NOT line up perfectly, then it's null and void. That means that I did something wrong. So, I'll go back and double check my trendlines to make sure that they're lined up just right. That's why, if you notice, I'll usually go a little bit past the vertical line, when drawing my trendlines. It helps with telling me that it's perfect. Also, I zoom all the way in, to make sure that the center vertical line is right on the money.
Now I'll make four smaller X's within the big X. And I make sure when drawing the smaller X's on the right of the big X, to start from the left top to the bottom right and from the bottom left to the right top. So that way, those lines extend into the future, for my future price box.
Next, I'll take the swing high and median price, add the two, then divide it by two, and put a horizontal line in between those two. And I'll do the same with the low and median for another horizontal line below. Then place more vertical lines in those smaller X's.
And once the trendlines are drawn the first time with the smaller X's, you'll notice the two trendlines sticking out to the right. That's where I'll line up a vertical line at the end of those two trendlines, so I can make my future price box there. And then repeat.
I've noticed what has worked the best for me, out of the different methods that I've experimented with, is that the historical high and low price works the best when I do this. 1.60350 and 0.82250, with a median price of 1.2130.
I hope this is what you were asking for. If not, feel free to elaborate. And if you have any other questions, ask away.
Time turns trend. - W.D. Gann
- #2,839
- Edited 10:35pm Jul 3, 2012 9:23pm | Edited 10:35pm
- Joined Sep 2011 | Status: Minor crosses. Major pips. | 3,701 Posts
Time turns trend. - W.D. Gann