I've been looking over a Gann_SQ9 indicator for MT4.
It's showing promise especially for target lines and projected support and resistance. Using this along with harmonic patterns is looking good.
I was reading (document attached in first post) and playing with Gann method today.
First few pages of the document explain how to square price and time and draw horizontal support/resitance levels, time vertical lines and channels.
Very nicely explained, easy reading, easy math. Recommended.
I checked my indicators directory and found couple of Gann indicators that actually implement the Gann methods logic I was reading out.
If you find some more in your directories, add to this thread please.
can you share what element/method of gann did you use and where?
Originally Posted by kor4x
... so far only the first method presented in the PDF.
Based on any last top/bottom I specify the following Gann forumula calculates next possible support/resistance levels:
Price = MathPow(MathSqrt(Price) + Factor,2)
I played with the main Factors and they seem to work well, especially when swings I analyze are combined from 2-3 different timeframes (confluence).
the indicators I attached previously do this job.
This week I will move further. Still did not work on your favourite Gann method where price and time is both combined.
What drapichrust shiwed - is really amazing.
I need to know this method.
im really interested to participate/test/help in any kind
I will discuss with drapichrust, but most probably this week (or eventually 2 more weeks) will be the last week for this thread to stay as public.
Then we will ask Forum Admin to convert it into private thread for active participants only,... so it's fair with everyone. Who puts the effort will benefit from common research and results.
Yes, this method is very powerfull.
the answer to question when to enter on butterfly pattern
again marked zone are places where price=time from certain point
for all who want to participate, just read .pdf from cover to cover, put formula into excell sheet, experiment on charts and share with thoughts/questions/conclusions/expierience
Originally Posted by Q600
just to add, we have now a butterfly pattern on EURUSD M1/M5. Interesting the butterfly D point is exactly on Gann S/R factor 45degrees measured from 31 Oct swing top. Let's see how it continues...