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Herman,
It's a Geometry Trading based thing and is also known as the Square of
144. I know it sounds kooky but I was quite amazed when used as S/R levels.
The notation in the tutorial booklet makes reference to 12 months in the
year, 12 Zodiac signs etc. I believe Gann makes use of this method also.
Martin
Herman van den Bergen wrote:
> Starting with a base number of Nb=12^2 and subsequent number can be
> calculated using Nb*(1+n*0.5) or in Excel:
>
>
>
>
> I don't understand the connection to real prices...why the "12"? did
> they explain the significance of that number?
>
> herman
>
>
> -----Original Message-----
> *From:* amibroker@xxxxxxxxxxxxxxx
> [mailto:amibroker@xxxxxxxxxxxxxxx]*On Behalf Of *Martin Cooney
> *Sent:* Monday, January 02, 2006 9:44 PM
> *To:* amibroker@xxxxxxxxxxxxxxx
> *Subject:* Re: [amibroker] Square of 12 S/R levels
>
> And that spreadsheet that I missed attaching :)
>
> Martin Cooney wrote:
> > Hi,
> >
> > I was wondering whether anyone could help with some code
> assistance please ?
> >
> > It's to set Support and Resistance lines based on the Square of 12
> > numbers as per the attached spreadsheet. From a recent course I
> > attended, these numbers are solid S/R levels as well as potential
> future
> > Highs and Lows.
> >
> > I'd like to somehow plot these on my price charts to also include
> 2 or 4
> > levels above and below current pricing but I'm not sure of the
> best way
> > to go about it. Further, a base Square of 12 number of 144 can
> mean a
> > price level of $1.44, $14.40 or $144.00 so this presents another
> situation.
> >
> > Does anyone have any ideas on this? (I've already searched the
> archives
> > but didn't find anything useful)
> >
> > Cheers
> > Martin
>
>
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