With this indicator you’ll have a general reading of the market’s range using Gann’s calculating modes. |
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Gann’s swing is used to have a quick reading to the market
latest movements at first glance.
The foundation of this swing
calculation is in the count of candles in relation to the break-up
and break-down of the price. When the price breaks-up the last
maximum, the swing will get traced if a certain number of candles is
exceeded from the last minimum.
It can be used a “pure
Gann” or not: If setted on “true”, the indicator won’t
take in cosideration the inside bars in the counting; if setted on
“false”, the indicator will take in consideration the
inside bar in the counting.
This indicator will also
help you a big time in the “reading” of the swing:
The last three swings
will be highlighted, so they can form the last ABC.It will inform you on
how many points the range is composed.It will give you the
prices on which the price leans on, basing on the swings themselves.
Input Parameters:
Time To Show: Timeframe
on which apply the indicatorBars Swing: Number of
bars on which elaborate the counting for the swing formation.Swing Width: Width of
the lines representing the ABC.Arrow Down Color: Color
of the crosses aboveArrow Up Color: Color
of the crosses belowBuy Color: Color of the
swing up (ABC)Sell Color: Color of
the swing down (ABC)Use Pure Gann: If true
uses pure gann (no inside)Font Size: Size of the
font on the graphicFont Type: Type of the
font on the graphic