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Sunday, 29 September 2013

One of the Software that i use to Draw the Gann Angles is Gannlyst - i have also given the link to download this software in the Download section - i feel Ganalyst is the only software which has the Capability to Draw gann Angles in a more Precise way








In  drawing Gann Angles Scaling of the Angle is most important part of drawing Geometric angle - once we understand this it will become more effective

Scaling is nothing but Vibration of the particular Stock  or commodity - As W.D.Gann have Mention that Price and Time are the Same thing - Thus we have to scale the price in Direct correlation toTime


Let See The Types of Gann Angles


W.D.Gann Have Discover nine Different important angles -With 1*1 is the most Important Angle


1*8 = 82.5Degree

1*4 =  75  Degree
1*3 = 71.25 Degree
1*2 =63.75 Degree
1*1 =45 Degree
2*1= 26.25 Degree
3*1= 18.75 Degree
4*1= 15 Degree
8*1= 7.5 Degree

Now let See How to Measure The Scale of a Particular Stock or Index


Method 1)


For Up Trend


( Main Bottom 2 - Main Bottom 1 ) / Time Difference Between (Bottom 2 and Bottom 1 )


For Down Trend


(Main Top 1 - Main Top 2 )  / Time Difference Between (Bottom 2 and Bottom 1 )



Note - Here the Time Difference We can Take Either Trading Days Or Calender Days - By Plotting both the time frames we will come to Know which one will workout more better out of two - and thus we can use that time difference in our further Analysis



Method 2) 


Here we simply Take the Main Top or bottom Which has Formed Recently and Take the Square root of it for 2 time and insert that number in the Price Scale


For Example The


The All time High of Nifty is 6349



√6349
√79.68


  8.93 = Scale Factor for that particular High - is 8.93 

To illustrate i have given you in a Graphically Form by taking the Low of 10 April 2013 Low that is 5477




                                                          Click On the Image To Enlarge





42 comments:

  1. it is still not clear to me how u have used 8.93 value in the chart,how u r applying this factor in the chart,please clarify a bit more,how this 8.93 factor is being utilised in scale

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    Replies
    1. I think that factor 8.93 is derived by sqrtng 6349,the answer 79.68 is again sqrted.The answer is 8.93,a factor based on the principle (Price = Time square.).Hence it is sqrted twice.Thanks.

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  2. If you want to draw the angle towards upward take the low - in the above chart i have taken a low of 5477 and if we take take the square root for 2 times of that particular number(5477) the value comes to 8.6- Just click on the chart and enlarge it - u will get a better understanding - How to utilize it .

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  3. sir,i have seen the enlarged chart,as such things are looking normal,1x1 gann angle from 5477 LOW has given resistance to NIFTY in end july 2013 & NIFTY given good fall from there.problem is i am not able to understand where is this 8.93 factor incorporated in chart,where this factor is entered in chart?.have u made any changes to x-axis or y-axis? i appologise for my lack of understanding,but i want to understand GANN method in detail i dont want to keep any loophole in my understanding.i have GANNALYST software but i dont have metastock data,so i am not able to draw GANN fan myself on NIFTY chart.i use Chartnexus software.pls clarify how this 8.93 factor being introduced in chart thanx & regards.
    Technically yours

    Biplab palit

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  4. In Ganalyst Software - the developer have given a tool by name Angles - And if you click on that tool it displays Both Upward angles and Downward angles - in the above chart i have used Upward angles - once you click on the upward angles it asks for Price Scaling - Where we have to enter the scale - and thus the software plots the angle by itself - no need to change the Axis - and Distort the chart .

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  5. In Gannalyst software,when i click on Angle,a series of down angles on left side & series of up angles on right side open.when i click on 1:1(45 degree) up angle, a single line is generated ,which i placed at the bottom,when i click on the angle line,Gann angle 1:1 properties window opens,where there is an option PRICE STEP,which by default is 1,do i need to change this Price Step to 8.6 in this case.Is this price factor- same as SCALE or something else?pls clarify.i think this step will clear all my doubts. kindly upload NIFTY charts,with up angles from NIfty 4531 DEC 2011 LOW(scale-8.20) & 5118 AUGUST 2013 LOW(scale-8.458),which will give more case study for GANN angle with SCALE

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  6. Yes Biplab Whatever U have said is right - and its correct - But still if u face any doubts - u can ask me - Take care

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  7. if i want to add similarly 1:2,1:3,1:4,2:1,3:1,4:1 angles to the pivot LOW,do i have to change the PRICE STEP 1(default) to 8.6 for each of the angle line?

    kindly upload the NIFTY charts as requested above for clarity of concepts for new learners.
    also pls show a chart plotting down GANN ANGLE from a pivot TOP,providing solid support to NIFTY for a good bounce after a decline

    Is this ANGLE concept applicable in Short time frame,like 5,15 min. for intraday trading?
    I think the METHOD1 mentioned by u above to measure scale is called TIME GOAL DAYS.Is it right?

    kindly suggest resource where can i get GANN METHODs to study in detail.
    I hope in due course of time u will take various GANN method one by one and throw light on it

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  8. so,whenever i try to draw GANN ANGLE from a Top or Bottom i have to take double sqr root of the LOW or High and use that as the scale for drawing Gann angle. Right? if i am wrong please correct it

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  9. double sqr root of LOW or HIGH is PRICE STEP or SCALE for drawing GANN angle

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  10. Hi GP...Nice information about gann angles...I would like to ask some question / doubts..hope you will help me out...
    - which chart (weekly/monthly/daily) is suitable to apply gann angles?
    - How to decide for a important bottom / top to draw gann angle. and in which chart.(weekly/monthly/daily)
    -Is it ok to apply gann angles in all stocks or it works in nifty only?
    - suppose one gann angle line is showing support in weekly chart, but showing support very far from current price. then how to conclude this.?

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  11. You can Apply gann angles on any time frame and on any stock - but it is better if you apply the angles on larger time frame - to avoid Whipsaw - Don't think much about the weekly support or Resistance if your trader just follow the current market price and create a trading system - where your Mathematical Numbers will tell you whether the market is positive or negative above or below that level - don't make it too complicated - Keep the things Simple and use the gann angle just to Gauge the Momentum of the Stock or any other Instrument .

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  12. Hi sir...i was working with gann angle as you directed...but i am facing some problems...
    - i am drawing gann angle from all major & minor trend / cycle (tops & bottoms) in a daily chart with trading days mode.
    gann angles i am using are (1:1, 1:2, 1:3, 1:4 etc up to 1:16 and visa versa..2:1, 3:1...16:1)....now thr are so many support/ resistance lines and angle intersection points / line....now price movements are around these points, but it is quite difficult to consider all the points...because distance between points are very small...due to this it seems difficult to take position.
    - now my question is how to decide for important intersection and angles and angles & intersections which can be ignored.
    - and how to use gann angle from zero level..???

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  13. Above query came to me when i was working with gann angle @ nifty daily chart...

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  14. The Most Basic rule of Gann Angle is Above 1 by 1 angle the market is Bullish and below its bearish - so take positional calls accordingly on the closing value basis - it should sustain that value above or below that value - with volume - and maintain stop loss of max 20 points - and enter at least risk level - This are very simple things - but very hard to follow - Happy Trading

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  15. DEVEN, r u using NIFTY daily chart of GANNALYST software.if yes, how ru downloading EOD data in it?

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  16. I am using metastock software EOD data, provided by my vendor..and the same data can be used in gannalyst software..

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  17. ok.so, ur exporting that metastock Eod data in GANNALYST software.can u give steps for the process.

    i have heard there is also another process of downloading data from nseindia.com in .csv format & using it in GANNALYST

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  18. metastock eod data works fine in gannalyst without any conversion. No idea about nse data.
    Biplab...can you send me that sq9 excel file, which is referred in this blog (page - sq9)..my mail id is msg.deven@gmail.com

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  19. GP sir...
    <1>
    I was practicing gann angle it works fine in NIFTY with trading day mode in gannalyst software. But when I use this in other stock, result is not that much accurate with trading days & calender day mode...pl. explain how to apply in stocks to get good result.
    <2>
    My second question is regarding scale factor..as we are using two time square root of any high / low to calculate the scale factor...but somewhere I found 3-times sq. root of the high / low...my question is - both are the same concept with same importance or somthing else....pl. explain with some example....as you shown for nifty...

    thanks & regards,
    Devender

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  20. @Deven
    For every individual Stock or index it has individual vibration or cycle - you can say a fixed pattern of cycle - which you have to find out with some trial and error - for nifty i have found taking the square root two times works fine with nifty - so in order to find for stock or commodites you have to apply a particular scale on the chart for over a period of 10 years and see which vibration scale is working

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  21. GP sir..tried a lot with both the methods...but results are not same as nifty accuracy ....
    1st method values are very small and have no result...sir help ot in this...is it related to vibration of individual high/low..then how to calculate single digit vibration no. of a decimal no.....
    pl. help...
    thanks n regards,
    Deven

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  22. @Deven
    Stocks and Human are one and the same – I Will Explain you with an Example – Say for example you just got Married – Here for first couple of months you will not understand your Spouse vibration – like what she likes – what she loves the most – what she does not like or hate – to understand her it will take couple of days or months or a year – but as the time passes say after one year –you can understand and anticipate her vibration (feelings) well – this happens because you have spent the time with her to understand her vibrations – now if I say tomorrow to tell the feelings or nature of your friends wife – you will not able to judge her or anticipate her nature –coz you don’t have her Chart (of vibration) -here nifty have a different vibration as compare to stocks and stocks have different vibration as compare to commodities – now in nifty I have found that taking square root for two times it works very good – but individual stocks have different vibrations – so you have to spent some time with the daily charts and hourly charts of minimum 10 years then the chart itself will Reveal you its Individual Vibration – I trade only in Nifty – I don’t trade in all the stocks – and also I request you –that if you want good return trade only in selected stocks which have good volume and which have a chart of minimum 10 years and don’t trade more than 5 stocks - Don’t look for Instant Gratification – Have patient and study the Charts it Reveal all the Things

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  23. thanks GP sir...very well explained...
    Happy New Year to all....:)

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  24. May You And your Family have a Strong Bond of unconditional love for each other and for Everybody else .May you always remain Fulfilled.Happy New Year to All

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  25. Hello sir...hw r u..?
    I would like to request you to share some experience about setting stop loss when trading around sq9 levels....or any other trading strategy for stop loss...

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  26. i would like to know how this works efficiently as i judge it works like astrology. also check here. http://indiaonearth.com/

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  27. Well Written.i really very like your way to publish this post & captured great news which is useful for every one my own rating on your blog is 10/9 good post.

    Equity Trading Tips

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  28. Hi,

    Thanks GP...Now I am able to use gann angles on Daily chart by taking sqaure root of the top/ bottom price twice. I have one query...how do I use gann angles on the Weekly and Monthly chart ?

    Please help...with this ...

    -Regards,
    Priyanka Shah

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  29. Really nice work, with clear understanding and helping attitude. I really appreciate your work and this blog. But for a long time you have not posted anything. What is your opinion about the current nifty. Where it is going to bottom out.

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  30. Sir.... I'm not sure your under root formula approach to solve scaling problem is an accurate one. If you may check the point at which the price touches the 1*1 line, actual squaring of price and time is not happening. Maybe you can throw some more light on this matter.

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  31. sir,how to use gann number of vibration in square root calculation

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  32. whats the reason for using scale factor ?

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  33. The Gannalyst software could be downloaded from the following link- http://ruchirgupta.co.in/wd-gann-human-body-interpretations/

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  34. I have one problem in gannalyst pro. 5 in diff chart gann angle so diff dig. how can set price step in angle if any one know how to set please explain.

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  35. how to calculate perday change of different angles

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  36. unable to download software....please provide active link.
    thanks in advance!

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  37. I use Metastock but unable to open Metastock data in Gannalyst. Please guide!

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  38. how to confiqure gannalyst with nse

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  39. Hi

    Can you help with the site from where to download Gannalyst software

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  40. SIR, please guide me how to draw angles from zero in gannalyst. For some charts ( for erxample BAJAJ FINANCE ) software does not get zoom out to see zero price on price scale. you can mail me your reply. my email :- vikasent09@gmail.com

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