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Date/Time: Sun, 22 Dec 2024 12:26:35 +0000



Post From: GANN FAN TOOL

[2015-03-08 14:50:34]
michelh - Posts: 159
Dear SC,
I would like to request that the Gann fan tool be made to function more like the Fibonnacii fan tool.

I want to be able to pick a starting point and an end point and to have the standard geometric angles from the 2 points selected (i.e. the points defined would be the 1x1).

The reasons are 2 fold:
1. the tick size is highly variable on various futures contracts. I sometimes find myself having to use ridiculous numbers like 4087 to get meaningful angles.
2. It is very difficult to square a range since one has to go to a calculator to get the price movement divided by the tick size divided by the time elapsed.


If you modify the tool, it will become user friendly.
to square a high, one could easily draw an angle by selecting a start and then moving 10 units out in time and 10 units out in time without worrying about tick size (0.005 in coffee futures for example which often requires some really ridculous numbers to get the desired angle. And even then, it is usually a little off)
Also, squaring a range will become a dream since all one has to do is select the start and the end to define the 1x1.

I love SC and do not want to change. I also do not want to have to get another package like MarketAnalyst just to do relatively simple Gann stuff like squares.

The Gann Grid is also quite useless in its current form. It would be much easier to be able to select a start and end to construct a square. For example, for a square of 56 or 144 if you can allow me to mark 2 points on the chart and then use these for drawing the diamonds, that would be fantastic.



Date Time Of Last Edit: 2015-03-08 16:53:22