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Gann fan [ALMCorp]
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The Gann fan [ALMCorp] is an indicator that will allow you to use the Gann Fan correctly. I think it's no secret to many that William Gunn often used geometric shapes, astrology, patterns of numbers and degrees between them in his analysis. This indicator is one of those that will help you use its methods correctly.
How does the indicator work?
First you need to set a time stamp labeled "Start" at the very beginning of the pulse, and the second time stamp labeled "End" must be set at the end of the pulse. Thus, the indicator will calculate the price step according to the formula, which will then be used in calculations for the correct construction of angles.
The very first thing we need to do is to mark the beginning and end of the pulse.
After that, the indicator will calculate the price step using the formula. And if this movement is long, then the corners will be built up. In order for this to happen automatically, it is necessary that the "Start" label be lower than the "End" label. If that's the case, the fan will automatically line up. If the "Start" label is higher than the "End" label, then the fan will automatically be built down.
The "⚙️ Long | Short | Auto" parameter is responsible for ensuring that when building corners, they are always built in the direction you need. The default mode is "Auto", but if you see that the indicator builds levels up, for example, and you need to go down, then you can force it to build levels down using the "Short" parameter, and vice versa.
Sometimes it happens that the price step is too large for the correct construction of our levels, and to adjust the price step according to the Gann rules, there is a setting "Multiplier | Divider price step", which will allow us to reduce or increase the price step by the number of times that the Gann fan rules allow.
But to choose whether you want to decrease the step or increase it, we will need to use the "⚙️ Action" setting. There are two modes: these are "Multiplier" and "Divider" respectively.
On the chart, I marked the intersections of global fans and showed that their intersection points are strong dates for the price, and it receives a reaction at this time.
To sum up, the Gann fan is a very powerful tool, and now that you know how to use it correctly, you can improve your trading. Good luck.
How does the indicator work?
First you need to set a time stamp labeled "Start" at the very beginning of the pulse, and the second time stamp labeled "End" must be set at the end of the pulse. Thus, the indicator will calculate the price step according to the formula, which will then be used in calculations for the correct construction of angles.
The very first thing we need to do is to mark the beginning and end of the pulse.
After that, the indicator will calculate the price step using the formula. And if this movement is long, then the corners will be built up. In order for this to happen automatically, it is necessary that the "Start" label be lower than the "End" label. If that's the case, the fan will automatically line up. If the "Start" label is higher than the "End" label, then the fan will automatically be built down.
The "⚙️ Long | Short | Auto" parameter is responsible for ensuring that when building corners, they are always built in the direction you need. The default mode is "Auto", but if you see that the indicator builds levels up, for example, and you need to go down, then you can force it to build levels down using the "Short" parameter, and vice versa.
Sometimes it happens that the price step is too large for the correct construction of our levels, and to adjust the price step according to the Gann rules, there is a setting "Multiplier | Divider price step", which will allow us to reduce or increase the price step by the number of times that the Gann fan rules allow.
But to choose whether you want to decrease the step or increase it, we will need to use the "⚙️ Action" setting. There are two modes: these are "Multiplier" and "Divider" respectively.
On the chart, I marked the intersections of global fans and showed that their intersection points are strong dates for the price, and it receives a reaction at this time.
To sum up, the Gann fan is a very powerful tool, and now that you know how to use it correctly, you can improve your trading. Good luck.
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