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Gann Box
Diupdate
Hello, friends. I want to introduce you to the Gann box indicator. Let me explain what it is and how to use it.
1. Dimensions:
- 1:1: A ratio of time to price, showing equilibrium between them.
- 1:2: A level where price moves twice as fast as time.
- 2:1: A level where time moves twice as fast as price.
- Additional ratios may include 1:4, 4:1, and others.
2. Key Elements:
- Levels: Lines that indicate key support and resistance levels.
- Time Frames: Used to forecast future price movements.
- Trend Analysis: Helps determine current trends and possible reversals.
3. Application:
- Traders use the Gann box to identify entry and exit points.
- Suitable for both short-term and long-term trading.
The Gann box has the following dimensions:
1. 52 Bars: Gann often used this dimension on the weekly timeframe, as there are 52 weeks in a year, making the box represent exactly one year.
2. 144 Bars: This was frequently used by Gann on the annual timeframe, as the square root of 144 is 12. There are 12 months in a year, 12 zodiac signs, and Jupiter's orbital period around the Sun is 12 years. All these factors strongly support the use of this dimension on this timeframe. However, this dimension performs well across all other timeframes, so feel free to use it anytime.
3. 360 and 90 Bars: These are universal sizes of the Gann box and can be applied at any time and on any timeframe.
In the indicator, you can adjust the size of the box using the "⚙️ Box Size" setting.
To start using this indicator, follow these steps:
1. Set the "Start" Marker: Place it at the beginning of the impulse, whether it’s an upward or downward movement.
2. Set the "End" Marker: Place it at the end of the impulse.
Once you have done this, the indicator will calculate the price step and the box will be constructed based on the size you selected earlier.
Let me show you how I identified the first impulse on BTC so you can understand me better:
This impulse was the first on the daily timeframe that determined the entire calculation of the box for the future.
After determining the impulse, the box was constructed. I used a box size of 144 bars as an example, but you might say that there are actually many more bars, why is that?
It's simple; the box can have derivatives of length and height. In the indicator, you can choose how many times you want to increase the height or length separately. Moreover, following Gann's methods and rules for constructing the box, there are no mistakes; this is the correct construction. In the indicator, the setting responsible for increasing the height is ⚙️ Height Increase, while the setting for increasing the length is ⚙️ Length Increase. However, everything is done according to the rules, and the increase in length and height occurs in fixed numbers: 1, 2, 4, 8, 16, 32.
This is done to make your analysis more flexible, while still adhering to all construction rules.
The indicator also provides the option to increase or decrease the price step. It is not always the case that the default calculated price step suits us. Therefore, I created the ability to decrease and increase it by as many times as the rules for constructing Gann's box allow. You can increase or decrease the price step by 1, 10, 100, and 1000 times, which also makes the box settings more flexible and suitable for any market and asset.
How to use this function correctly? First, we need to understand what we want to do with the price step. If we want to increase it, we switch the "⚙️ Multiply | Divide" mode to "Multiply." Now we need to change the value in the "⚙️ Multiplier | Price Step Divisor" mode to the desired amount. After these actions, the price step will be increased. Decreasing the price step occurs in a similar manner.
The Gann box can be oriented both upwards and downwards. The parameter "⚙️ Long | Short | Auto" determines the direction of the box construction. By default, the setting is "Auto." The indicator has logic that understands in which direction to build the box. However, if you encounter difficulties and the indicator selects the incorrect direction, you can force it to build the box in your desired direction by changing the setting from "Auto" to "Long" or "Short."
Let me show you an example of constructing the box downwards:
The indicator also includes a table that displays all the most important information about the box parameters in the upper right corner. This is designed to help avoid confusion during the use and analysis of the Gann box.
I have tried to make the box parameters as flexible as possible for you, and I have also done the same for the style settings. You can enable and disable corners, additional levels, the base of the box, and value labels separately. All these elements of the box can be customized by color to suit your visual preferences. The same can be done with the table that displays the data.
A little about additional levels, by the way. Additional levels are constructed based on the intersection points of the corners. Both price and time levels built on these intersections are also very important and work excellently. You can customize them or disable them completely through the indicator settings.
I wish you good luck using the indicator!
1. Dimensions:
- 1:1: A ratio of time to price, showing equilibrium between them.
- 1:2: A level where price moves twice as fast as time.
- 2:1: A level where time moves twice as fast as price.
- Additional ratios may include 1:4, 4:1, and others.
2. Key Elements:
- Levels: Lines that indicate key support and resistance levels.
- Time Frames: Used to forecast future price movements.
- Trend Analysis: Helps determine current trends and possible reversals.
3. Application:
- Traders use the Gann box to identify entry and exit points.
- Suitable for both short-term and long-term trading.
The Gann box has the following dimensions:
1. 52 Bars: Gann often used this dimension on the weekly timeframe, as there are 52 weeks in a year, making the box represent exactly one year.
2. 144 Bars: This was frequently used by Gann on the annual timeframe, as the square root of 144 is 12. There are 12 months in a year, 12 zodiac signs, and Jupiter's orbital period around the Sun is 12 years. All these factors strongly support the use of this dimension on this timeframe. However, this dimension performs well across all other timeframes, so feel free to use it anytime.
3. 360 and 90 Bars: These are universal sizes of the Gann box and can be applied at any time and on any timeframe.
In the indicator, you can adjust the size of the box using the "⚙️ Box Size" setting.
To start using this indicator, follow these steps:
1. Set the "Start" Marker: Place it at the beginning of the impulse, whether it’s an upward or downward movement.
2. Set the "End" Marker: Place it at the end of the impulse.
Once you have done this, the indicator will calculate the price step and the box will be constructed based on the size you selected earlier.
Let me show you how I identified the first impulse on BTC so you can understand me better:
This impulse was the first on the daily timeframe that determined the entire calculation of the box for the future.
After determining the impulse, the box was constructed. I used a box size of 144 bars as an example, but you might say that there are actually many more bars, why is that?
It's simple; the box can have derivatives of length and height. In the indicator, you can choose how many times you want to increase the height or length separately. Moreover, following Gann's methods and rules for constructing the box, there are no mistakes; this is the correct construction. In the indicator, the setting responsible for increasing the height is ⚙️ Height Increase, while the setting for increasing the length is ⚙️ Length Increase. However, everything is done according to the rules, and the increase in length and height occurs in fixed numbers: 1, 2, 4, 8, 16, 32.
This is done to make your analysis more flexible, while still adhering to all construction rules.
The indicator also provides the option to increase or decrease the price step. It is not always the case that the default calculated price step suits us. Therefore, I created the ability to decrease and increase it by as many times as the rules for constructing Gann's box allow. You can increase or decrease the price step by 1, 10, 100, and 1000 times, which also makes the box settings more flexible and suitable for any market and asset.
How to use this function correctly? First, we need to understand what we want to do with the price step. If we want to increase it, we switch the "⚙️ Multiply | Divide" mode to "Multiply." Now we need to change the value in the "⚙️ Multiplier | Price Step Divisor" mode to the desired amount. After these actions, the price step will be increased. Decreasing the price step occurs in a similar manner.
The Gann box can be oriented both upwards and downwards. The parameter "⚙️ Long | Short | Auto" determines the direction of the box construction. By default, the setting is "Auto." The indicator has logic that understands in which direction to build the box. However, if you encounter difficulties and the indicator selects the incorrect direction, you can force it to build the box in your desired direction by changing the setting from "Auto" to "Long" or "Short."
Let me show you an example of constructing the box downwards:
The indicator also includes a table that displays all the most important information about the box parameters in the upper right corner. This is designed to help avoid confusion during the use and analysis of the Gann box.
I have tried to make the box parameters as flexible as possible for you, and I have also done the same for the style settings. You can enable and disable corners, additional levels, the base of the box, and value labels separately. All these elements of the box can be customized by color to suit your visual preferences. The same can be done with the table that displays the data.
A little about additional levels, by the way. Additional levels are constructed based on the intersection points of the corners. Both price and time levels built on these intersections are also very important and work excellently. You can customize them or disable them completely through the indicator settings.
I wish you good luck using the indicator!
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