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Registered User
Joined: 11/4/2010
Posts: 1
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is a gann box available or can one be created as an indicator for any of your software? thank you (email removed by moderator)
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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A Gann Box is not currently available as a Drawing Tool in either TeleChart or StockFinder.
-Bruce
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Registered User
Joined: 12/31/2004
Posts: 18
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Gann tool in ver 11
how do you place and draw it. I have used gann for a number of years and i know i am doing something wrong here tks in advance
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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The trainers can't give setting, interpretation or investment advice. I can tell you how to use the Gann Fan Drawing Tool in that you select the Gann Fan Tool and then left-click on the chart where you want to start drawing and keep holding down the mouse and dragging until letting up on the mouse left button where you want to stop drawing. I can't tell you however how to use a Gann Fan in that I cannot give you advice on why you would want to start or stop drawing at any given point on the Chart.
Drawing Tools and Price/Trendline Alerts
-Bruce
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Registered User
Joined: 12/31/2004
Posts: 18
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Bruce, tks for getting back to me.
I asked teck support and tech support told me to ask you.
the problem is when i drag the fan to the price chart, the angles get drawn way off the price grid ( wrong angles) to make any sence.
I tried using the center line parellel to the starting point, as a trend line etc, and none of it makes sence.
the only edit features i saw were for color etc.
for gann tools to work right, there needs to be some type of scaling.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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It reads like you do not like how Gann Fans have been implemented in the TC2000.com version 11 beta. The best way to influence what will be in TC2000.com is to actively participate in the TC2000.com version 11 beta. All questions, comments and suggestions related to the TC2000.com version 11 beta should be addressed to:
feedback@tc2000.com
-Bruce
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Registered User
Joined: 12/31/2004
Posts: 18
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Bruce, I am not trying to be a hard guy. I have a ton of respect for the Worden products and crew.
That is what i did and they sent me an email to ask the trainer in the forums. I am just trying to figure out are you are trying to make it work. other than getting it to draw a trend line, the rest doesn't make any sence
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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I don't use Gann Fans. I can't tell you how to use Gann Fans beyond the basics of click and drag already given above. I can give you a basic description of Gann Fans gleaned from reading a variety of internet sources and previous discussions however.
A Gann Fan has nine lines with different runs to rise or angles.
The center line by definition has a run to rise of 1 to 1 and an angle of 45 degrees.
The two lines on either side by definition have a run to rise of:
1 to 2 or 63.434948822922010648427806279547 degrees
2 to 1 or 26.565051177077989351572193720453 degrees
In both cases, the line is offset from the center line by 18.434948822922010648427806279547 degrees.
The next two lines by definition have a run to rise of:
1 to 3 or 71.565051177077989351572193720453 degrees
3 to 1 or 18.434948822922010648427806279547 degrees
In both cases, the line is offset from the center line by 26.565051177077989351572193720453 degrees.
The next two lines by definition have a run to rise of:
1 to 4 or 75.963756532073521417107679840837 degrees
4 to 1 or 14.036243467926478582892320159163 degrees
In both cases, the line is offset from the center line by 30.963756532073521417107679840837 degrees.
The final two lines by definition have a run to rise of:
1 to 8 or 82.874983651098202438046699158793 degrees
8 to 1 or 7.1250163489017975619533008412068 degrees
In both cases, the line is offset from the center line by 37.874983651098202438046699158793 degrees.
Different sources might quote slightly different values for the degrees used, but they all seem to be pretty close to these values.
That said, absolute angles from the horizontal or vertical are absolutely meaningless on a Chart. Change the Scroll and/or Zoom and the angle changes as well.
Some solutions to this can be to have a preferred Scale and Zoom in which to calculate the angles, to have a function to "square" the angle to the given Scroll and Zoom or to adjust the run to rise of the other eight lines by defining the run to rise of the center line as 1 to 1 and recalculate the angles of the other eight lines based on the actual run to rise of the centerline.
The TC2000.com version 11 beta uses a different method however. It seems to define the centerline as 45 degrees. The other eight lines are just drawn the prescribed offset angles from the centerline.
If this is not what you want your Gann Fans to do, you need to make a detailed suggestion of your desired behavior to feedback@tc2000.com as previously mentioned.
-Bruce
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Registered User
Joined: 12/31/2004
Posts: 18
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Bruce, a big THANK YOU that is what I have been trying to say. your tool doesn't provide a way to show where 45 degrees is to draw or place the line.
and 2 when it is placed, the other 8 lines are out of proportion. If you look at a chart with a gann fan or box you will see wha i mean. If you simplefy your post to me, or plot it 1 time even in an approx manner, you will understand what i am trying to say. From what I am seeing, your gann fan does not do what your above description says. It is a beta, i understand, and that is why they said to ask a trainer. Take a chart and just try 1 of the calculations. If you want to email direct or call you have the info on file instead of taking up forum space. If you want to just end the chat, i understand, no offencee taken. I am generalizing here, but from past experience, if one doesn't understand the basics of gann, they will most likely get lost trying to understand the rest. a few of us used to joke that one doesn't understand gann until they have dug a hole in their yard from walking in circles trying to figure it out.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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QUOTE (mar955) From what I am seeing, your gann fan does not do what your above description says.
It does exactly what I said it does, "It seems to define the centerline as 45 degrees. The other eight lines are just drawn the prescribed offset angles from the centerline."
QUOTE (mar955) I am generalizing here, but from past experience, if one doesn't understand the basics of gann, they will most likely get lost trying to understand the rest. a few of us used to joke that one doesn't understand gann until they have dug a hole in their yard from walking in circles trying to figure it out.
I don't use Gann, but I have researched and discussed it previously and do understand the mathematics of what is involved. I also understand why you would object to the method used in the TC2000.com version 11 beta (although my understanding doesn't rise to the point of my being able to say the method is wrong).
I'm going to distill it down into a single compound objection.
The TC2000.com version 11 beta fixes the relative angles to the center line which can be drawn at something besides 45 degrees. This can most obviously be demonstrated as undesirable in that the resulting angles can go to, and even beyond, vertical.
Any method setting the run to rise of the center line as one to one and using this to determine the run to rise of the other eight lines instead of offsetting the lines from the centerline by a fixed number of degrees would avoid this issue.
Any method fixing the drawing of the centerline to exactly 45 degrees would avoid this issue.
Using both methods to resolve the issue is exactly the same as using only the second method.
QUOTE (mar955) your tool doesn't provide a way to show where 45 degrees is to draw or place the line.
This is the point where in my experience different Gann Fan practitioners will disagree with each other.
Some would force the centerline to be 45 degrees when the Gann Fan is drawn.
Some would force the centerline to change to 45 degrees from the origin of the Gann Fan as the Chart is Scrolled and Zoomed (automatically squaring it).
Some wouldn't change the centerline automatically, but would allow you to select the Gann Fan in some fashion to square it to the current Scroll and Zoom when desired (setting the centerline to 45 degrees from the origin of the Gann Fan).
Some insist the run and rise should be based on a certain number of Price Bar widths to a certain number of Price Bar heights. But the ratio of Bar width to Bar height also normally changes with Scroll and Zoom because the Range or Average True Range normally changes over time.
Some think the centerline being 45 degrees is an artificial construct and that the only thing that matters is the ratios of run to rise between the lines.
QUOTE (mar955) It is a beta, i understand, and that is why they said to ask a trainer.
But I'm just that, a trainer. I'm not a programmer and I'm not in development. You need to make a detailed suggestion of what you actually want and why through the feedback@tc2000.com email address if you want to get it implemented.
-Bruce
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