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Mike,
The attached pictures show, over a
considerable time
and price range, the difference in auto
scaling of
the data at turning/pivot
points.
These pictures are from my
website.
- - - - - - - - - - - - - - - - - - - - - - - - - - - -Clyde
Lee
Chairman/CEO (Home of
SwingMachine)SYTECH
Corporation email: <A
href="mailto:clydelee@xxxxxxxxxxxx";>clydelee@xxxxxxxxxxxx 7910
Westglen, Suite 105
Office: (713) 783-9540Houston, TX
77063
Fax: (713) 783-1092Details
at:
www.theswingmachine.com- - - -
- - - - - - - - - - - - - - - - - - - - - - - -
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A title=MikeSuesserott@xxxxxxxxxxx
href="mailto:MikeSuesserott@xxxxxxxxxxx";>MikeSuesserott@xxxxxxxxxxx
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Thursday, November 01, 2001
09:41
Subject: [RT] Gann angles - can they be
quantified?
Hi Clyde,normalizing price seems indeed to be the
only logically sound way ofapproaching this. So suppose the current pivot
is at 600, your programinternally 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 timessix, or seven times six?I have to think
about this some more, but to my mind it is the best solutionI have seen so
far. Of course the question remains whether the use of thatnumber 100 has
any basis in fact, or even in Gann's writings, as it no doubtlooks
somewhat arbitrary. Perhaps 144=12*12 would be more "Gann-like". Butthen,
Gann's teaching as a whole seems to require several leaps of faithanyway,
doesn't it?Thanks and best regards,Michael
Suesserott-----Ursprüngliche Nachricht-----Von: Clyde Lee
[mailto:clydelee@xxxxxxxxxx]Gesendet: Thursday, November 01, 2001
14:44An: realtraders@xxxxxxxxxxxxxxxBetreff: Re: [RT] Gann angles -
can they be quantified?Mike,There is an answer to your
problem which will set many Gann fans offon a tare but I will gurantee you
that this approach works very well.The following is a snip from the
documentation of my SquareOfNineindicator 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@xxxxxxxxxxxTo: realtraders@xxxxxxxxxxxxxxxSent:
Thursday, November 01, 2001 4:25 AMSubject: [RT] Gann angles - can they be
quantified?Hi all,here is a question that I have been
unable to answer all my trading life. Iasked it on another list, but have
not received any satisfactory reply toit.The problem: I fail to
understand how one can speak of Gann 45 degrees orsquares when there is no
accepted standard for the x- and y-scales of achart. Who determines what
constitutes the applicable units of time andprice?To
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