Gann Menu

Gann methodologies are followed by a majority of traders from the floor.

If you are unaware of these methods it is time you learnt about them.

The WaveTrader III GANN button opens a new set of tables.

The features available are very varied and some are not exactly strict GANN procedures but they all fit with the GANN style.

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Also special Gann events such as full moon, new moon, equinox, solstice, perigee and so forth will be flagged in this box when they fall due.
Each day before you do anything else it is advisable to inspect the Econoday reports schedule.

For more infomation click here
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The OPEN button also controls the GAP drawing tool if there is a GAP opening on your chart.
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Gann daily swing chart levels – (settings can be changed to between 2 and 9 days for each table) draws the levels High – BP – low. The Days button needs to be checked to access these.
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If you click on it it will draw in the previous days close with the boundaries up and down so you can have a perspective of the possible trading range area for the current trading day.
During session hours another box containing Daily Range will appear below the Average Range box and if you click on it it will insert a horizontal line from the opening print and +/- average daily range similar to the one showing from the close.
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1. GS-OFF/ON = GANN SWINGS-Orange swing lines.
2. L-on/off – this will insert reversal level lines when GS-ON is applied.
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Days – Table displays last 10 days trading ranges used for the Average 10 day Range.
Bars – Table displays the last 10 bars trading range- subject to the time frame chart you are displaying.
Swings – Table displays the last 10 swings on your GS-on/off setting with ratio related to current swing in progress.
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FEATURES:

 

The average daily range we use is the average of the last 10 days.
You can remove the BPL’s and any other boxed levels by clicking the mouse on them. You can remove the GAP line the same way but if you do and want it back you will need to reload the page.

OBP tool:
The open balance point is for sideways markets and tells you the equal distance above or below the open where any reciprocal move would reach its balance point.