MT5 GannAngles and PricePercentage
Gann Angles with Percentage changes is one of finest concept to calculate Market Reversal Points .
Our Tool calculates TIME & PRICE ANGLES as well as PRICE PERCENTAGES. which is gives you right direction of Up/Down Trend as well as reversal points.
A UNIQUE COMBINATION OF BOTH PRICE AND TIME VECTOR RATIOS TO DRAW 1X1,1X2,1X3,1X4,1X6,1X8,2X1,3X1,4X1,8X1.......AND PRICE PERCENTAGE.
WHICH IS EXACTLY CALCULATED BY PRICE ITS NOT BASED ON FIBONACCI WHICH IS COMMONLY USED BY TRADERS.
A Gann angle is a straight line on a price chart, giving a fixed relation between time and price. For Gann the most important angle was the line which represented one unit of price for one unit of time, called the 1x1 or the 45° angle. The value of a commodity or stock following this angle will for example increase by one point per day. Other important angles were the 2x1 (moving up two points per day), the 3x1, the 4x1, the 8x1, and the 16x1. In addition to these value increases, the corresponding angles for value decrease are just as important. When several of these angles are drawn in a group, they are often called a Gann fan, which is usually drawn from a price bottom or a price top.
As with other forms of Technical analysis of stock price movements, the Gann angle model contradicts the weakest form of the efficient-market hypothesis which states that past price movements cannot be used to forecast future price movements.
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SEE VIDEOS HOW TO USE GANN ANGLES & PRICE PERCENTAGE LIKE AS GANN METHODS :-
PARAMETERS Method=Alternative_Open_Close;High low ( Price and Time Calculation method) Fixed Scale=0.0001;( if you want to use your own scale of angles ) Bars_To_Process=480;( its process if history is much less no need to change) Angles Quantity=7, ( put number of angles you need) Secondary Angles=true;( middle angle with dotted line ) Draw Back ground=true; Main Angles Line Style=Solid, Secondary Angles Line Style=Dot; Main Angles Line Width=2; Secondary Angles Line Width=1; Rising Main Angles Clr=Blue, Rising Secondary Angles Clr= Medium Blue, Falling Main Angles Clr=Orange Red, Falling Secondary Angles Clr=Red; Price Divider=510; (Price divider Weekly,Daily,H4,H1,30M,15M & 5M is 32,64,128,256,512,1024 or try your own ) Levels Count=14, Line Length Bars=10; ( Number of Lines and how much wants to extend right) PercLine Width=1 Line Style=DOT; Rising Percents Color=Medium Blue, Falling Percents Color=Red; Buttons Height=25; Buttons Width=170; Buttons Color=White; Buttons Borders Color=Red;
Font="Century Schoolbook Bold"; Text Color=Dark Blue; Text Size=11;
all parameter in sequence.