WD Gann used innovative geometrical and numerical relationships to create several technical analysis tools to help analyze the market. The Gann Box along with the Gann Fan and Gann Square is one of such powerful tool which can be used to measure and detect recurring price cycles. User can set the time and the price range for a cycle which is expected to repeat. In this sense the Gann Box is like a road map for the market which can be used to look for targets. Please note that the chart needs to be scaled properly to ensure the market has a square relationship. The box divides price and time into equal partitions, called price and time levels, and is drawn from a major pivot (either low or high).When working with Gann's drawings, it is important to use a proper aspect scale ratio, so that a unit of price would correspond a unit of time.The simplest way to determine a scale for an unknown market is to take the difference between the main points: from top to top and from the bottom to the bottom. After that, it is necessary to divide the obtained value by the time spent by the market on moving from the top to the top or, respectively, from the bottom to the bottom.The exact price and time levels can be set by users in accordance to their strategy. The Gann Box can be applied across various markets to forecast key price and time levels and can be used with or without angles. It can be used by itself or in combination with other tools and technical analysis techniques to find the best trades.
In Appearance property dialog it is possible to change the appearance and configuration of a Gann Box:
Checkboxes on the left toggle the visibility of additional lines of the Gann Box. Drop-downs to the right of them set the lines' color and opacity level.
Use the Angles options to draw all the corner rays in the Gann Box.
Use this drop-down to select one color for all the lines and the background of the Gann Box.
Toggles the visibility of the left, right, top and bottom labels with values of line levels.
Two sliders adjust the visibility and opacity levels of the background between time and price levels.
In Shape properties dialog you can set precisely the position of the initial points of the Gann Box on the price scale (by setting the price) and the time scale (by setting the bar number):
Allows for the precise placement of the first point of the Gann Box (Price 1) using a bar number and price.
Allows for the precise placement of the second point of the Gann Box (Price 2) using a bar number and price.
In View properties dialog you can toggle displaying of the Gann Box on charts of different timeframes.Allows to configure a drawing to be displayed on particular intraday and daily timeframes on chart. For any timeframe you can select either to show it, or to hide.
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