For Mathew Verdouw's article on how Gann Fan Angles are constructed please click here.

Transcription

1 Gann Fan Angles Overview The main concept that needs to be understood when using a Gann Fan is the relationship between time and price that Gann proposed. This means that for one unit of time the market will rise (or fall) by one unit of price, resulting in a one-by-one line (1 1). For Mathew Verdouw's article on how Gann Fan Angles are constructed please click here. Click to enlarge 1. To add a Gann Fan, select it from the Gann tool group. Your mouse pointer will change into a pencil. 2. Select your starting point (the origin for the angles) and then move your mouse pointer to start creating the Gann Fan Angles. 3. Select your end point to set the Gann Angles. Your end point can be forward or backward in time, up or down in price, allowing full control over how you draw the fan. The length of the line is determined by how far in time your second click is from your first click. As with the other tools, you can manipulate this at a later stage if you require. Market Analyst determines what the price value movement should be from the scale of the chart to which you have applied the Gann tool. However, if it doesn't seem to 'fit' the chart you can manually adjust the Price Unit field in the Properties panel (see below).

2 Video Actions & Properties Actions

3 Add Line Alert: Creates an alert based on the selected line. See here for more information on Line Alerts. Add New Level: Allows new angles to be added or existing angles to be edited. See Gann Levels in the Properties section below for more information. Add to Toolbar: Click this action to add the selected tool to your custom tool bar. Apply Settings to All: When multiple Dynamic Gann Fann Angles have been applied to a chart, page or workbook, this action can be used to apply the settings of the one selected to other instances of the tool. This is a great time saver if an adjustment is made to the tool - such as changing colours - as this allows all the other Dynamic Gann Fann Angles in the chart, page or entire workbook to be updated instantly. Copy Tool: Allows the selected tool to be copied, which can then be pasted onto a different chart window. Delete: Deletes the tool from the chart. Flip the Tool: Adds an additional Gann Fan using the same settings as the original, however the tool is flipped horizontally. This action does not remove the original Fan. Move to Back: If the lines of the tool are displaying in front of other tools or indicators clicking this action will move the lines view to the background. Move to Front: If the lines of the tool are displaying behind other tools or indicators on the chart, clicking this action will bring the lines to the forefront. Restore Default Settings: Click this action if you have adjusted the default settings of the tool, and wish to return to the standard properties originally installed with Market Analyst 7. Reverse the Tool: Adds a mirror image of the Dynamic Gann Fan using the same settings as the original with the angles moving in the reverse direction. This action does not remove the original Fan. Save Settings as Default: If you have adjusted any of the tool's properties (such as the colour) you can save the adjustments as your new default setting. Each time you subsequently apply the tool to a chart it will display using the new settings. Properties

4 Tool Name: Allows for the name of the tool to be changed, as displayed in the Structure Panel. Use Chart's Price Unit: By default the price unit of the chart is used in the tool calculation. Untick the box to manually adjust the value in the Price Unit property. Price Unit: This option is available when the Use Chart's Price Unit box is unticked (see above). Enter a new value to manually determine what one unit of price is equal to in the tool's calculation (eg 0.1). Data Type: Sets the data style used in calculating the Gann Fan Angles. Can be set to either Bars (Trading Days) or Calendar Days. Extend Lines: Check this box to extend the angle lines. Show Labels: Check this box to display the angle values (e.g. 2 1, 1 1). Uncheck the box to hide these values. Reverse Prices: Check this box to display the price values in reverse e.g. 8 1 instead of 1 8. Font Size: If 'Show Labels' is selected you can adjust the size of the text displayed for each label. Moving the slider bar to the right increases the font size. Gann Levels: Click on this option to display the different Gann Fan Angle levels. To add a new level to the chart, left-click on the blue (+) button and enter the values as needed. Value: - Sets the time/price ratio for the angle (e.g. 1 2). To change the value amount, click in the field and enter the new value. Line Style - Sets the line type, thickness, colour and transparency of the angle lines. Visible - To hide a level, deselect the check box with the green tick. Base Line Style: Allows you to adjust the style, width, colour and visibility of the horizontal and vertical base lines.

5 Tool Transparency: Use this slider bar to adjust the transparency of the tool. Moving the slider to the left will increase the transparency of the tool. Visible: Un-tick this checkbox to hide the tool from the chart.