Gann Square Range Angle
Overview
The Gann Square Range Angle tool is referred to by Gann in his Master Egg Course.
This indicator is very similar to the Gann Square Range tool, with a few adjustments…
- The squares are drawn on an angle,
- The squares draw from the midpoint down (or up depending on direction of the line).
As this tool is sensitive to zoom levels when applied, you will be prompted to enable the Time Price Ratio Lock.
To add the tool to your chart, select the tool from the Gann tool group, and left-click on the first bar you want to calculate the tool from. Next, left-click on the bar where you want to calculate the tool to. Optuma will then draw the tool using the default settings.
Actions & Properties
Actions
Add New Division: Select this action to add a new division to the tool.
Copy Data to Clipboard: Will copy the tool’s values to the clipboard which can then be inserted into a spreadsheet, for example, allowing for further analysis.
Add Line Alert: Selecting this action will set a Line Alert based on the selected line.
Add to Toolbar: Adds the selected tool to your custom toolbar.
Apply Settings to All: When multiple Gann Square Range Angle tools have been applied to a chart, page or workbook, this action can be used to apply the settings of the one selected to other instances of the tool. This is a great time saver if an adjustment is made to the tool - such as line colour - as this allows all the other Gann Square Range Angle tools in the chart, page or entire workbook to be updated instantly.
Copy Tool: Allows you to copy the selected tool, which can then be pasted onto a different chart window.
Move to Back: If the tool is displaying in front of other tools or indicators clicking this action will move the tool view to the background.
Move to Front: If the tool is displaying behind other tools or indicators on the chart, clicking this action will bring the tool to the forefront.
Restore Default Settings: Click this action if you have adjusted the default settings of the tool, and wish to return to the standard properties originally installed with Optuma.
Save Settings as Default: If you have adjusted any of the tool’s properties (colour, for example) you can save the adjustments as your new default setting. Each time you apply a new Gann Square Range Angle to a chart, the tool will display using the new settings.
Delete: Deletes the tool from the chart.
Properties
Tool Name: Allows for the name of the tool to be changed, as displayed in the Structure Panel.
Use Chart’s Price Unit: By default, the price unit of the chart is used in the tool calculation. Untick the box to manually adjust the value in the Price Unit property.
Price Unit: This option is available when the Use Chart’s Price Unit box is unticked (see above). Enter a new value to manually determine what one unit of price is equal to in the tool’s calculation (eg 0.1). For more information, click here.
Boxes: Use this option to increase or decrease the number of squares up and down, and to the left and right of the range.
Factors: Used to scale the time interval or price so that it is in proportion to the scale. e.g. if the price range is $0.90 then to create 90 days/degrees/bars in time, a factor of 0.01 is entered here.
Overlays: This option is used to divide the squares into thirds and/or eighths. When applied you are able to adjust the line styles, colours, and width in the drop-down box.
Gann Box Type: This determines how the squares are drawn. The options are Traditional, Empty Box, Crossed Box, or Full Gann Box.
Box Size: Sets the size of square (box) in time and price e.g. 90, 144 etc
Time Control: Sets the time measurement (or degree counts of planets if using the Astronomical option) for calculating the Gann Squares, e.g. hours, calendar days, weeks.
Line Styles: The Line Styles property allows you to adjust the type of lines, their width, and colours. There are 8 styles available: Solid, Dots, Dash, Dash Dots, Long Dash, Long Dash Dot, Long Dash Dot Dot, Stippled. The line widths can be increased by moving the slider bar to the right and Stippled.
Show Equilibrium: Draws a horizontal line at the mid point between the Start / End points of the tool.
Show Price: When enabled, will show a price label on the far right side of the Equilibrium line.
Equilibrium Style: Allows you to adjust the display settings of the Equilibrium line (colour, etc).
Tool Transparency: Use this slider bar to adjust the transparency of the tool. Moving the slider to the left will increase the transparency.
Visible: Un-tick this checkbox to hide the tool from the chart.