[RT] Gann angles - can they be quantified?

[MikeSuesserott@xxxxxxxxxxx]

Hi Clyde,

normalizing price seems indeed to be the only logically sound way of
approaching this. So suppose the current pivot is at 600, your program
internally equates every 6 price points to one day? Is this correct? Then,
on a weekly chart, would one bar be equivalent to 6 price points, or 5 times
six, or seven times six?

I have to think about this some more, but to my mind it is the best solution
I have seen so far. Of course the question remains whether the use of that
number 100 has any basis in fact, or even in Gann's writings, as it no doubt
looks somewhat arbitrary. Perhaps 144=12*12 would be more "Gann-like". But
then, Gann's teaching as a whole seems to require several leaps of faith
anyway, doesn't it?

Thanks and best regards,

Michael Suesserott


-----Ursprüngliche Nachricht-----
Von: Clyde Lee [mailto:clydelee@xxxxxxxxxx]
Gesendet: Thursday, November 01, 2001 14:44
An: realtraders@xxxxxxxxxxxxxxx
Betreff: Re: [RT] Gann angles - can they be quantified?


Mike,

There is an answer to your problem which will set many Gann fans off
on a tare but I will gurantee you that this approach works very well.

The following is a snip from the documentation of my SquareOfNine
indicator which solves this problem I believe.


              {What this auto-scaling does is to convert all prices to   }
              {values such that the current pivot/turning point has an   }
              {apparent value of 100 and calculations are based on    }
              {a Gann Square with this
             }

Clyde


----- Original Message -----
From: MikeSuesserott@xxxxxxxxxxx
To: realtraders@xxxxxxxxxxxxxxx
Sent: Thursday, November 01, 2001 4:25 AM
Subject: [RT] Gann angles - can they be quantified?


Hi all,

here is a question that I have been unable to answer all my trading life. I
asked it on another list, but have not received any satisfactory reply to
it.

The problem: I fail to understand how one can speak of Gann 45 degrees or
squares when there is no accepted standard for the x- and y-scales of a
chart. Who determines what constitutes the applicable units of time and
price?


------------------------ Yahoo! Groups Sponsor ---------------------~-->
Pogo Stick - Just $24.95!
Great gift idea for kids of all ages, from Youcansave.com
http://us.click.yahoo.com/t5NeUC/QkNDAA/ySSFAA/zMEolB/TM
---------------------------------------------------------------------~->

To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx

 

Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/