Support Board
Date/Time: Wed, 27 Nov 2024 16:31:56 +0000
Post From: Pyrapoint Gann Oriented System -> Could it be added by Sierra Chart Developers?
| [2014-09-12 11:51:45] |
| User75277 - Posts: 33 |
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I have "played with" the SC Gann Tool and it has many limitations which hinder its use in substituting for the Pyrapoint tool which is implemented on Ensign, Ensign10, MB/Realtick, Tradestation, Ninja, eSignal and Metastock. Here are some words by Don Hall creator of Pyrapoint: By way of introduction, I am Don Hall, and my reason for formulating Pyrapoint is to accurately track, and indeed project, movement of markets as reflected across the Pythagorean Cube. The ancestry of Pyrapoint would date back to 1956, when I began hedging in a Commercial Grain Elevator that I owned. I became an ardent student of W.D. Gann, seeking to unravel the very accurate market cycles that were credited to him. By further introduction, I have been a principal in a Commodity Trading firm, Alpha Systems, have held a seat on the CBOT while an acting Principal in a commodity trading firm, and have carried a CTA license---all past history. Of special interest to me has been the tracking of W.D. Gann's famously supervised trip to the "trading pit" in Chicago, where he was recorded as making some 87% profitable trades on nearly 200 trades. It became especially important to me when I learned, first hand, from Gann’s next-desk trading associate, Rhinalto Alghini, that the only tool that Gann took to the pit for the test was a miniature "Square of Nine". Gann called this his "Master Calculator". "Reno" became a personal friend as well, as we were both members of ACE (Astro-Cycle Exchange) a group of 50 designated for advanced cycle studies in Chicago. Although I find no record of Gann's acknowledgment of it, in reality the "Square of Nine" is a Pythagorean Cube (P.C.), A SQUARE ROOT CALCULATOR. I am told (again first-hand) by my mentor in Cairo, Fuad El Zahaby (while I was studying in Egypt in the Mid-seventies) that it was an early Egyptian Calendar, a basic mathematical tool, and very instrumental in the construction of the Great Pyramid. I had long known the "mystic" action of price between the significant diagonals located upon the face of the Pythagorean Cube. This was especially true for support and resistance as used by Gann in very expensive seminars where he was teaching the significance of the 45 degree angle, as well as the multiples and divisions per his analogy as applied to the square root calculator. We feel that it is especially significant that Gann called 90 degrees his "Pattern Chart". One quick note of support: when one becomes convinced of the validity of the square root influence in market moves, one will realize the value of the square of nine (Pythagorean Cube) in the pit with W.D....MARKETS MOVE IN SQUARE ROOT INCREMENTS! To get a quick idea as to how Gann knew how to use the square root calculator, take ANY number on the P.C., advance 90 degrees on the face of the "Cube", count the digits to that point, and you will have the square root of your beginning number. Every number on the P.C. designates an angle for this calculation. Without further belaboring the point, one can see how Pythagoras and the Hypotenuse Rule opened the door for Pyrapoint: on a right angle axis, where price is the vertical angle and time is the horizontal angle, the relationship of Price and Time's "squaring" is always expressed on the hypotenuse---and always 90 degrees. THUS: BIRTH OF THE PYTHAGOREAN DIAGONAL (P.D.), a most mystic trend line (AND CHANNEL!) Our prejudice is reflected in our expressed assumption that the "only trend lines that carry a high accuracy history are those that coincide with the Pythagorean CALCULATED trend lines---i.e. THE PYTHAGOREAN DIAGONALS". This is the plight of Pyrapoint: The Code counts time, plots price, and gives objectives for each---all calculated (and oh, yes, with targets supporting VERY close stops). I personally feel that it is the only way that I can afford to enter today's markets. Thus: WE ARE CHANNEL TRADERS, YIELDING US CALCULATED TARGETS, EXACT STOPS, AND EXACTLY-DEFINED PRICE HIGHWAYS TO INDICATE EXACT TREND CHANGES. A support library of some 1000+ charts has been developed to prove our commitment to the Pythagorean Diagonal Concept, (the PD’s). Attached is an illustration of Pyrapoint in Ensign. Here are some links to understanding Pyrapoint time/price relationship: http://ensign.editme.com/t13trend and here is a link a correct implementation of Pyrapoint in Ensign: http://ensign.editme.com/pyrapoint and here is a link to how square root theory helps forecast price: http://ensign.editme.com/t14square Don will share his Pyrapoint concept with Sierra Chart freely if you contact him and let him be a user of Sierra Chart for verification of correct implementation and use: pyrapoint1@earthlink.net |
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