This tool creates user-defined Gann Squares on your charts for a selected range. Gann Squares can be duplicated as many times as required in both time and price.
A Gann Square set to 144 will be 144 points high (with a Price Unit of 1, or 14.4 with a Price Unit of 0.1) and 144 bars wide (or calendar days, weeks etc, depending on the Time Control property - see below).
To add Gann Squares to a chart select the Gann Squares tool from the Gann tool group. Your mouse pointer will change into a pencil, then left-click on a suitable start point for the Gann Squares to be drawn.
Actions & Properties
Add Line Alert: Creates an alert based on the selected line. Click here for more information on Line Alerts.
Add to Toolbar: Click this action to add the selected tool to your custom toolbar.
Apply Settings to All: When multiple Gann Squares 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 changing colours - as this allows all the other Gann Squares in the chart, page or entire workbook to be updated instantly.
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.
Copy Tool: Allows the selected tool to be copied, which can then be pasted onto a different chart window.
Move to Back: If the lines of the tool are displaying in front of other tools or indicators clicking this action will move the lines view to the background.
Move to Front: If the lines of the tool are displaying behind other tools or indicators on the chart, clicking this action will bring the lines to the forefront.
Restore Default Settings: Click this action if you have adjusted the default settings of the Gann Squares, and wish to return to the standard properties originally installed with Optuma.
Save Settings as Default: If you have adjusted any of the Gann Squares properties (colour, for example) you can save the adjustments as your new default setting. Each time you apply a new Gann Squares to a chart, the tool will display using the new settings.
Delete: Deletes the Gann Squares from the chart.
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, please click here.
Boxes: Use this option to manually adjust the number of boxes up, down, left and right of the point of origin.
Factors: Used to scale the time interval or price so that it is in proportion to the scale. For example, if the box size is set to 90 and Price Unit is 1 on a chart with a low price range then to create a meaningful box the Price Factor may be adjusted.
Overlays: This option is used to divide the box into quarters, eighths, thirds, and/or halves. When applied you are able to adjust the line styles, colours and width in the drop-down box.
Gann Box Type: This determines which box is 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. The line widths can be increased by moving the slider bar to the right and Stippled.
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.
The Educated Analyst
Introduction to Gann Squares