Mql5官网 Gann s Eighth 外汇EA

Gann’s Eighth were used by
this great Trader to obtain the maximum fluctuation price and the
possible inversion points of it. Gann have always given importance to
the number 8 in his studies, an it is the reason why we find the
retracement points as 0.25(10/8=1.25).

Other than the number 8,
also the numer 3 had is own importance in Gann, number founded in the
eighth division, infact we have three eighth describing the possible
fluctuation of the price.

The eighth are calculated
using the average volatility, concept of great importance in Gann’s
studies

but very difficult cause at that time there were no computers.

It can be translated as
technical indicator for reversal operations or for trend following
strategies but more importantly we have to understand the concept of
the indicator itself, that is the representation of the “future”
points of importance for the price inside the eighth themselves.

Input Parameters:

1. Choose
   Price: Starting price of the eighth

• Median
  Price: Median price of the previous candle.

• Precedent
  Closure: Closure price of the previous candle

• Choose
  Price Manually: Possibility to insert a price manually

2. Choose
   Price Manually: If chosen on the field Choose Price, use this field
   to insert the starting price to begin applying the eighth.

3. Time
   To Show: Timeframe on which apply.

4. Retracement
   Color: The color of the main lines composing the eighth

5. Line
   Retracement Color: The color of the vertical line composing the
   retracement

6. First
   Eight Color: The color of the first eighth

7. Second
   Eight Color: The color of the second eighth

8. Third
   Eight Color: The color of the third eighth

9. ATR
   Period: Bars to calculate per calcolare the average volatility

10. Atr
    shift: Starting bar on which begin to calculate the average
    volatility (0 meaning actual bar, 1 previous bar, etc…