The Gann Fan Indicator

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Gann Fans

What are Gann Fans?

Gann fans are a form of technical analysis based on the idea that the market is geometric and cyclical in nature. A Gann fan consists of a series of lines called Gann angles. These angles are superimposed over a price chart to show potential support and resistance levels. The resulting image is supposed to help technical analysts predict price changes.

Key Takeaways

  • The Gann Fan was developed by W.D. Gann.
  • The Gann Fan is a series of angled lines. The user selects the starting point and the lines extend out into the future.
  • Gann believed the 45-degree angle to be most important, but the Gann Fan also draws angles at 82.5, 75, 71.25, 63.75, 26.25, 18.75, 15, and 7.5 degrees.
  • The Fan is started at a low or high point. The resulting lines show areas of potential future support and resistance.

How to Calculate Gann Fans

Gann fans don’t require a formula although they do require an understanding of slope degrees.

Think of a piece of a grid paper, with lots of little squares on it. If the price ascends the height of the square, within a one square time frame, a line can be drawn from the bottom left to the top right of the square. That line’s slope degree will be 45.

If it takes two time boxes to ascend the height of one box (2:1), the angle of ascent will be flatter than 45 degrees. If the price ascends two box heights within the time frame of one box (1:2) that angle is steeper than 45 degrees. The Gann Fan incorporates angles based on price-to-time moves in the following ratios: 1:8, 1:4, 1:3, 1:2, 1:1, 2:1, 3:1, 4:1, and 8:1.

What Does a Gann Fan Tell You?

Angled lines are drawn above and below a central 45-degree line to help determine trend direction and strength.

Gann fans were developed by W. D. Gann. In his research, he found the 45-degree angle to be the ideal angle for charting based on his theories regarding the balance of time and price.

Gann fans are drawn from a central 45-degree angle line that extends out from a specified trend reversal level. Traders will draw a Gann fan at a reversal point to see support and resistance levels extended into the future.

The 45-degree angle line of the Gann Fan should be aligned with a 45-degree angle on the chart. To find the 45-degree angle, use the degree angle tool on your charting platform.

The 45-degree line is known as the 1:1 line, because the price will rise or fall at a 45-degree angle when the price moves up/down one unit for each unit of time. All other lines in the Gann fan are drawn above and below the 1:1 line. Traders can use a varying number of lines above and below the 1:1 line in a Gann fan chart. The other angles are associated with 2:1, 3:1, 4:1, 8:1 and 1:8, 1:4, 1:3, and 1:2 time-to-price moves.

The 1:1 line is the primary indicator. However, chartists have choices for adding additional lines at their discretion. In both an uptrend and a downtrend, the 1:1 line can help to detect a reversal. In a downtrend, a price that stays below the 1:1 line is considered bearish. In an uptrend, a price that stays above the 1:1 line is considered bullish. Thus the 1:1 line can serve as a resistance and support line.

Additional lines drawn in a Gann fan diagram are also used as resistance and support lines. Gann believed that if the price moved through one angle, it would likely head to the next angle. For example, if the price dropped below the 45-degree angle (1:1), it would drop to the 26.25-degree angle (2:1). A price that drops below 1:1 doesn’t necessarily mean the overall uptrend is over. The price may find support at 2:1 and then keep rising. That said, the fall below 1:1 could indicate at least short-term weakness if the price drops to the 2:1 line.

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The Difference Between a Gann Fan and Trendlines

The Gann Fan is a series of lines drawn at specific angles. The 45-degree line should extend out 45-degrees from the starting point. A hand-drawn trendline connects a swing low to a swing low, or a swing high to swing high, and then extends out the right. The trendline is matched to recent price action and is not drawn at a specific angle.

Limitations of Using the Gann Fan

While some charting platforms may provide the Gann Fan, they may not provide an angle tool in order to set the 45-degree line at a true 45-degree angle for that chart. Since different assets have different prices, they may not be scaled at 1:1 ($1 for one day, for example). They could be scaled quite differently.

Upon placing the Gann Fan on multiple charts, it is evident that the Gann Fan isn’t always useful. The price may stay between the levels, but not reach them, or the price may continue to rise even though it is below the 1:1 line, for example. The lines may not mark important support or resistance areas, and the price may seemingly disregard the Fan levels.

The lines continually spread out of the time, making the distance between the lines extremely large. The distance between the lines may become so large that the indicator does not function for trading purposes since the price would need to move a considerable distance before reaching the next level/trading signal.

Gann Fans should be used in conjunction with other technical indicators, price action, and other forms of analysis.

Индикаторы. Собрание сочинений. Tankk.

Tankk

GANN FAN FULL TT [x8]
например конечно, здесь надо хорошо знать не только теорию углов. но и логику построения, прописанную в коде индюка.
индюк заказной, поэтому тестовый период до января.

сам веер не рисует!
но угол может чуть менять своё значение в течении ТФ [ TimeFrame ], если вы включили авто-расчёт угла [при GannScale=0 ].
при этом GannAutoScale = adrFirstImpulse , adrCostPip , adrTank = рисуют до закрытия старшего TimeFrame .
adrPeriodATR = не рисует, если ATRShift >= 1

и вообще, прежде чем ставить любого индюка на ваш рабочий ТФ и открывать по нему сделки:
изучите! внимательно! его настройки, проверьте! его на самых младших ТФ: понаблюдайте! за его работой

как торговать с помощью углов Ганнна!?
ищите материал в Интернете! я обучением НЕ занимаюсь!

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jacik

Новичок форума
Почетный гражданин

вот тебе и весь ганн, обычный тех анализ

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Tankk

Gann Box
или коробка Ганна. здесь можно отключить лишние углы, оставить только главные.
высоту коробки = обычно определяют по количеству пунктов [пипсов] последнего тренд-движения [как вариант: ATR от старшего ТФ].
длина коробки = кратное количество свечей входящих в последнее тренд-движение.

в архиве несколько разных версий. вроде все рабочие.
последний скрин = пресет в архиве!

всем успехов в изучении Ганна!

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Tankk

Silent RSI v1-07 TT

целая система множество настроек.
здесь и RSI, и Bollinger на RSI, и МАшки, и TMA. куда ж без него!?
разные сетапы для Стрелок/Сигналов. даже есть ScreenShoter

N.B.
Индикатор работает! с библиотекой! = MyWinUser32.mqh,
которую необходимо положить в C:\Program Files\брокер MT4\MQL4\Include

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Tankk

All MACD Adaptive MTF IgorAD+TT sw & cw
так вроде всё работает. MTF подтормаживает, обрезайте историю.
а вот за расчёты МАшек – я не уверен. например: T3 Coral отличается от др.версий, что есть в сети
но расчёты Игоря исправлять не стал.

всего в составе 26 МАшек.
адаптивность
включается настройкой UseAdaptive=true , режимы OsMA и PPO = точно так же.

в общем, успехов в торговле!
и в частности, Rem`у и его другу Константину!

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Tankk

VZO DynZone Bands LinReg Divergence TT

Вложения

Tankk

Bigger TF Candles WeekDay KB+TT

Tankk привет!
мне иногда требуется посмотреть как вела себя цена в определенные дни недели и сравнить их между собой. т.е. выделить, скажем, пятницы на часовом ТФ .
иначе говоря требуется индюк способный на часовом графине нарисовать дневные свечи, но только определенного дня недели
примерно как на картинке. но если это не сложно и не отнимет у тебя много твоего времени

у меня есть индюк отображающий дни недели (на втором скрине белым) но не совсем удобно для глаза.

Вложения

Tankk

Вложения

Tankk

шлак какой-то испанцы не смогли ничего умней придумать!?

чтоб редактировать файлы = нужен открытый код = mq4.

Вложения

Tankk

Вложения

Tankk

коллективными усилиями создали адаптивный алгоритм для определения дивергенций

чтоб его включить: DiverAdaptive > 0 и предел для поиска диверов расширяется с каждой новой свечой.
настройка AutoDeleteAdaptive = автоматическая перенастройка диверов в соответствии с текущим пределом.

что бы отключить каналы: тоже ставим им период 0 ну и 15 индексов для сравнения.

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Tankk

VWAP Template AA MTF TT
Грааль даром читаем вкладку “О программе”.

HMA+HMACD и VWMA+VWMACD HST Asymmetric Bands TT

Граали пошли. :rolf: наконец-то доделал 16-канал :rolf: не рисуют!
Все сетапы достаточно хорошо видно на графике, но “загнать их в стрелки” пока проблематично.
Каналы серии LR = что-то вроде дополнительной “линейной регрессии”.
в расчёте Канала могут участвовать сразу несколько МАшек. с опережением или с опозданием.
для более тонкой подстройки линий/гисто/канала = применяйте различные коэффициенты.

индюки на 5 пар: EURUSD, USDJPY, AUDUSD, USDCAD, EURCAD.

HMACD X2 AA MTF TT ++

по мотивам индюка TMA Index True: контр-трендовые стрелочники: не забываем ставить стопы!
НЕ рисуют, даже в MTF. за исключением TMA в каждом: 3 расчёта для Стрелок: ArrowsFOR=ххх .

индюки на 5 пар: EURUSD, USDJPY, AUDUSD, USDCAD, EURCAD.

Вложения

Tankk

X17 Template AA MTF TT

Вложения

Tankk

Bollinger Bands 2MA AA MTF IK+TT [FS]
достаточно простая система: BBands + МАшки + Price Action
основная версия работает на 6 парах: GBPUSD, GBPJPY, USDCHF, USDJPY, EURCAD, EURJPY. тестовая до января.

Keltner X4 AA MTF BDG+TT
на выходные вам. “информация к размышлению” оочень слоожная контр-тренд-система зеркальных трендов
кто не знает что такое “каналы Кельтнера” и как с ними работать = НЕ берите в руки этого индюка!

основная версия на 6 пар: USDJPY, USDCHF, USDCAD, EURUSD, EURJPY, EURCAD.
тестовая до октября 2020. + в архиве пресеты для М1-М5.

Вложения

Tankk

Price CO Dynamic Zone = настройки по умолчанию для GBPUSD, M15.
основная версия работает на 6 парах: GBPUSD, GBPJPY, USDCHF, USDJPY, EURCAD, EURJPY. тестовая до января.

Dynamic zone indicators .

Вложения

Tankk

Trend Speed 2 или измерительная линейка
индикатор по идее камрада ПОРУЧИКа подшаманил по-быстрому.

сам индюк не виден на графике: для этого надо взять тренд.линию с панели Графические инструменты,
растянуть линию на необходимое расстояние, и подождать новый тик.
при AutoDelete = false надписи-артефакты удаляются каждую минуту, поэтому ждите.
а с AutoDelete = true надписи удаляются по-тиково, поэтому возможно работать только! с одной! тренд.линией
см. скрин. думаю, с остальными настройками разберётесь самостоятельно!?

Introduction to Gann Methodology: MT4 Tools

Table of Contents

William Gann is one of the most famous traders of the 20 th century. His trading strategy has caused quite a stir among the trading community. Gann seemed to have superhuman intellectual abilities. Let’s start with the key qualities that, according to Gann, make a successful trader. Without these traits, you have little chance to make it in the trading world. First of all, Gann was convinced that a trader must be a perfectionist. A good trader always aspires for a better result and keeps honing their skills.

Gann theory and method

Gann was a religious man. He revered the Bible considering it the greatest book ever written. He was a 32nd degree Freemason. Gann was proficient in ancient mathematics. Furthermore, he showed great interest in the cultures of Ancient Greece and Ancient Egypt.

In his predicative strategies, Gann used a variety of methods applied in geometry, astronomy, astrology, and ancient mathematics. Plus, Gann authored a number of books on stock trading. There is no unanimity among experts on the usefulness and relevance of the techniques developed by Gann.

Biography

William Delbert Gann was born to the parents Samuel and Susan on June 6, 1878 in Lufkin, Texas.

Gann came from an impoverished family. The eldest of 8 children, the little William had to walk 7 miles to grammar school every day. Gann never attended college.

At the age of 13, Gann was making a living by selling cigars and newspapers on the trains. At that time, he frequently heard people talking about investments and markets.

Gann wondered whether one can predict the future. He often heard people talking about predicting cotton prices. But was it really possible?

In 1903, at the age of 25, Gann came to New York and started to work for a major brokerage company on Wall Street. When World War I broke out, Gann and his family moved from Manhattan to Brooklyn. He predicted Kaiser Wilhelm’s abdication on November 9, 1918 and the end of the war.

Gann started to study the fundamentals of price models and wealth accumulation strategies. His ambition was to find out why market trends have a tendency to repeat at certain times. To solve this mystery, he started to study ancient geometry and astrology. By the same of his death on June 18, 1955, Gann’s fortune amounted to a whopping 50 mln dollars.

Gann was the only financial astrologist of his time. Here is what the Commerce journal wrote about Gann on January 15, 1921: “His calculations are based on scientific works, numbers, and astrology.” According to some reports, Gann used airplanes to predict the harvest. However, it’s highly unlikely as Gann knew exactly what was going on in the market. In his book “The Tunnel Thru The Air”, he forecast an increase in the cotton price to 24.40 USD on September 8, 1927 (page 196).

In his another book, “How To Make Profits In Commodities” he predicted that the stock exchange would close due to a panic selling on October 3, 1931; the market would hit bottom on October 5; the price would trade in the range between 85.51 and 119.15 on November 9, as he predicted in “The Tunnel Thru The Air” on pages 321-323. The book was published on May 9, 1927.

After his death, Gann became a legend in the financial community. His talent to make mind-blowing profits on everything from trading to racing to the Cuban lottery, earned him an almost mystical reputation. His ability to make accurate predictions fascinated people. They said that he once made a bet in Cuban lottery. Then he flew to Cuba on his own plane, with a young woman as a pilot, to receive his winnings before the results were even announced.

Also, Gann predicted the start of World War I in 1914 and the stock market frenzy that followed. In March 1918, he predicted the end of the war and Kaiser Wilhelm’s abdication. Furthermore, he predicted a positive tendency in the market in 1921 and the end of the bullish trend on September 3, 1929. During the 20s and 30s, wheat and cotton prices didn’t change much. In 1935, Gann profited from 83 out of his 98 trades on cotton, grain, and rubber. His percentage of winning trades hovered above 90%. Traders lost all sleep wondering how he achieved such stellar results.

Gann wrote a series of books on trading in which he hinted at the secret of his success. However, the real meaning behind his reflections escapes us. In his works, Gann mentioned the mystical nature of his methods. In his book, “The Magic Word”, Gann talks about “health, happiness and prosperity achieved through the Magic Word, Jehovah.” He takes his readers through the most mystical sections of the Bible, saying that Jehovah— whom he also calls “the Lost Word” — is the key force guiding us to a better life.

The allusion to Jehovah as “the Lost Word” indicates that Gann belonged to the Royal Arch Masons. Gann was a member of Commonwealth-Stella Lodge No. 409, Free & Accepted Masons, New York City. Nonetheless, his involvement with the masons was not the key to his Wall Street success. Becoming a mason on December 15, 1922, Gann was “promoted” to the rank of Master Mason on March 27, 1923. In 1939, Gann left the Lodge. According to the scholar himself, he made his “biggest discovery” in New York in 1908. Whatever that secret was, Gann discovered it long before joining the Masonic community.

As you can see, Gann had a controversial and odd personality. In this course, we’ll discuss the following tool developed by this extraordinary scholar:

  • Gann Line;
  • Gann Fan;
  • Gann Grid;
  • Gann Angles;
  • Square of Nine;
  • Swing Chart;
  • price and time forecast.

This article is dedicated to Gann Line, Gann Fan, and Gann Angles.

To install these tools in Metatrader4, go to: Insert -> Gann-> Angles \ Fan \ Line.

Gann Line

Let’s start with the Gann line which is also called “one to one” (1×1) meaning one change of the price within one unit of time. The Gann line is plotted as a line with the angle of 45°.

According to Gann, this is a long-term trend line that goes upwards or downwards. If the price is above the rising Gann line, there is a bullish trend. If the price is below the falling Gann line, the market is dominated by the bears. If the price crosses the Gann line, there is a reversal is underway. If the price goes down to the rising Gann line, time and price reach a balance. Further intersections of the Gann line signals that the balance has been disrupted.

The Gann line is plotted through two points.

Gann Fan

Now let’s move to the Gann Fan. The Gann fan is plotted at different angles from a major high or low on the price chart. According to Gann, the 1х1 ray is the most important of all. If the price is above the 1×1 line, we’re looking at the bullish market. The price hovering above the 1×1 line is indicative of the bearish market. If the trend is going up, the 1х1 line acts as a strong support line. If the line is broken, this is a reversal signal. Gann outlines nine basic angles, with the 1х1 angle being the most important of them all:

  • 1х8 — 82.5 degrees;
  • 1х4 — 75 degrees;
  • 1х3 — 71.25 degrees;
  • 1х2 — 63.75 degrees;
  • 1х1 — 45 degrees;
  • 2х1 — 26.25 degrees;
  • 3х1 — 18.75 degrees;
  • 4х1 — 15 degrees;
  • 8х1 — 7.5 degrees.

The X and Y axes must have identical scales to ensure that the ratios of price and time increments have corresponding angles (in degrees). This means that a unit of time on the X axis (hour, day, week, month, etc.) must be the same as on the Y axis. To make sure your coordinate system is correct, check the slope of the 1×1 line. The slope angle must be 45 degrees.

Gann found out that each of the specified rays can act as a support/resistance level, depending on the direction of a trend. If there is an uptrend, the 1х1 ray usually acts as a powerful support level. If the price drops below the 1х1 line, this is a reversal signal. According to Gann, the price should then drop down to the next trendline (the 2х1 ray). In other words, if one of the Gann Fan rays is broken, the market is about to consolidate around the next ray.

Gann Grid

The last tool for today is the Gann Grid. The Gann Grid is an array of trend lines plotted at the angle of 45°. As you might’ve already guessed, these trend lines are the Gann lines which we’ve covered above. A line sloping at 45°is a long-term trend line that goes upwards or downwards. If the price is above the ascending line, the market is bullish. If the price holds below the descending line, bears are having the upper hand. If the price crosses the Gann Line, a reversal is underway. If there is an uptrend and the price is going down to the trend line, time and price become balanced. If the Gann Line is crossed again, the price-time balance is violated and there is a possibility of a reversal.

To draw the Gann Grid, you need to identify two points that define the size of the cells. If used correctly, the Gann Grid tells the trader where a consolidation will occur.

Bottom line

In this article, we’ve made a good start by learning about three basic Gann tools (Gann Line, Gann Fan, and Gann Grid). Coming next are more complicated trading strategies developed by Gann. Stay tuned for the next lessons!

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