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Folks,
I'm reliably informed Gann went broke. No money management ability
apparently.
However I use what is known as a Gann Swing Chart which Tomasz coded
for me. I'm happy to share.
I think it's also known as or similar to Kanji chart ? Refer to Steve
Nison's 'Beyond candlesticks'.
Geoff
PS Uncomment the colored bar chart at the bottom to see how the swing
chart works.
/* Gann Swing chart v4 */
/* Last modified 24 Feb 2001 */
/* AFL implementation by */
/* (C)2001 Tomasz Janeczko */
/* one and two - bar reversal version */
/* Change this to 1 for two-bar mode */
twobarmode = 0;
outsidebar = outside();
insidebar = H <= Ref( H, -1 ) AND L >= Ref( L, -1 ); // built-in
inside() works with < > instead of <= >=
upbar = H > Ref( H, -1 ) AND L >= Ref( L, -1 );
downbar = L < Ref( L, -1 ) AND H <= Ref( H, -1 );
upbar2 = upbar OR ( outsidebar AND ref( downbar, 1 ) ) ;
downbar2 = downbar OR ( outsidebar and ref( upbar, 1 ) );
Poi = outsidebar AND ref( insidebar, 1 );
Poo = outsidebar AND ref( outsidebar, 1 );
Pooi = Poo AND ref( insidebar, 2 );
Poio = Poi AND ref( outsidebar, 2 );
Poii = Poi AND ref( insidebar, 2 );
Pooo = Poo AND ref( outsidebar, 2 );
Poooi = Pooo AND ref( insidebar, 3 );
Pooio = Pooi AND ref( outsidebar, 3 );
Poioo = Poio AND ref( outsidebar, 3 );
upbar3 = upbar2 OR ( Poi AND ref( downbar, 2 ) );
downbar3 = downbar2 OR ( Poi AND ref( upbar, 2 ) );
upbar4 = upbar3 OR ( Poo AND ref( upbar, 2 ) );
downbar4 = downbar3 OR ( Poo AND ref( downbar, 2 ) );
upbar5 = upbar4 OR ( Pooi AND ref( upbar, 3 ) );
downbar5 = downbar4 OR ( Pooi AND ref( downbar, 3 ) );
upbar6 = upbar5 OR ( Poio AND ref( upbar, 3 ) );
downbar6 = downbar5 OR ( Poio AND ref( downbar, 3 ) );
upbar7 = upbar6 OR ( Poii AND ref( downbar, 3 ) );
downbar7 = downbar6 OR ( Poii AND ref( upbar, 3 ) );
upbar8 = upbar7 OR ( Pooo AND ref( downbar, 3 ) );
downbar8 = downbar7 OR ( Pooo AND ref( upbar, 3 ) );
upbar9 = upbar8 OR ( Poooi AND ref( downbar, 4 ) );
downbar9 = downbar8 OR (Poooi AND ref( upbar, 4 ) );
upbar10 = upbar9 OR ( Pooio AND ref( downbar, 4 ) );
downbar10 = downbar9 OR ( Pooio AND ref( upbar, 4 ) );
upbar11 = upbar10 OR ( Poioo AND ref( downbar, 4 ) );
downbar11 = downbar10 OR ( Poioo AND ref( upbar, 4 ) );
fupbar = upbar11;
fdownbar = downbar11;
// Two-bar mode handling
fupbar = IIF( twobarmode, fupbar AND ref( fupbar, 1 ), fupbar );
fdownbar = IIF( twobarmode, fdownbar AND ref( fdownbar, 1 ),
fdownbar );
/* Barcount since most recent up and down swings */
Us = BarsSince( fupbar );
Ds = BarsSince( fdownbar ) ;
Sd1 =IIf( Us==0, 1, IIf( Ds==0, -1, 0) );
Sd2 = IIf( Sd1 == 1, IIf( Ref( BarsSince(Sd1==1), -1) > Ref(
BarsSince( Sd1 == -1), -1), 1, 0),
IIf( Sd1 == -1, IIf( Ref( BarsSince(Sd1==1),-1) < Ref(
BarsSince( Sd1 == -1),-1), -1, 0), 0 ) );
g0 = ValueWhen( Sd2, Sd2 ); /* sample and hold non-zero values */
/* shift back one bar, add one dummy swing at the end and shift
forward */
/* to ensure proper handling of the last swing */
lastbar = Cum(1) == LastValue( cum(1) );
swinglevel = IIF( g0 == -1, HighestSince( Sd2 == 1, H ), LowestSince(
Sd2 == -1, L ) );
swinglevel = IIF( lastbar, IIF( g0 == -1, LowestSince( Sd2 == -1,
L ), HighestSince( Sd2 == 1, H )), Ref( swinglevel, 1 ) );
/* Gann Swing chart drawn here */
graph1 = Ref( ValueWhen( Ref( Sd2 != 0, 1 ) or lastbar,
swinglevel , 0 ), -1 );
graph1style = 512+1024;
graphxspace = 5;
/* Colourized price bars drawn here */
/* graph0 = close; */
/* graph0style = 128; */
/* barcolor = IIF( outsidebar, 1, IIF( downbar, 4, IIF( upbar, 5,
0 ) ) ); */
/* graph0barcolor = ValueWhen( barcolor != 0, barcolor ); */
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