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Advanced Gann Fan

Advanced Gann Fan - for accurate key levels!

AGF script calculates the exact level based on the original Gann's theory and draw unlimited lines (levels).

One of the most important things in trading is strong and accurate key levels. AGF script, after practicing in draw it correctly, will draw you strong and accurate key levels (on all time frames), that will help you to know where is a good place to enter and put an order.

It is important to combine your strategy decision with AGF script levels. Do not enter automatically in each level.

With AGF script, you can draw unlimited fans on one chart.


AGF script parameters

  • ID - Gann Fan ID. You need to give any ID you want, but you can not give the same ID to more than one Gann Fan in the same chart.
  • Direction - Gann Fan Direction: Up or Down.
  • Vertex - Normal (High to Low in Down Direction or Low to High in Up Direction), HH (High to High), LL (Low to Low).

    To draw Fan on you chart you need to draw a Trend line or Fib line and change its Name property to the same value of AGF script's ID parameter.

    The Central level line is based on this Trend/Fib line.

    If Normal is selected and the Direction is Up, the Central line drawn from the Low of the Bar where the start point of the Trend/Fib line to the High of the Bar where the end point of the Trend/Fib line.

    If Normal is selected and the Direction is Down, the Central line drawn from the High of the Bar where the start point of the Trend/Fib line to the Low of the Bar where the end point of the Trend/Fib line.

    If HH is selected, the Direction need to be Down, the Central line drawn from the High of the Bar where the start point of the Trend/Fib line to the High of the Bar where the end point of the Trend/Fib line.

    If LL is selected, the Direction need to be Up, the Central line drawn from the Low of the Bar where the start point of the Trend/Fib line to the Low of the Bar where the end point of the Trend/Fib line.

    AGF script will calculate the other Fan lines and will draw them.

    Note: that Normal value usually help to find the potential end of the correction and the start of new impulse.

    Note: the Fan's lines are relevant to the same TimeFrame you draw it. When you change the TimeFrame you need to adjust the Trend/Fib line's vertexes to the correct bars (High/Low), and redraw the Fan (use the Replace option in Remove & parameter).

  • Remove - If you want to remove the Gann Fan from your chart. AGF script remove only the Fan's level (not the Trend/Fib line). None - Do not remove the Fan's lines (Default). ByID - Remove only the Fan with the ID like same value as RemoveID parameter. All - Remove all the Fans in the current chart. Replace - Redraw the Fan's lines of the Trend/Fib line with ID like same value as RemoveID parameters. This is useful if you want to change Trend/Fib line position and draw the Fan according to the new location.
  • RemoveID - The ID of the AGF script the Remove parameter refer to.
  • Color - Color of the Gann Fan's lines.
  • Width - Width of the Gann Fan's lines.
  • Levels - Number of lines (levels) in the Advanced Gann Fan (default: 4).
  • OneSide - True (default) mean that the script will draw the Central line, and the rest lines (according to the Levels parameter) of one side only. False mean that the script will draw the Central line and the rest lines (according to the Levels parameter) of both sides.
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