Friday, April 9, 2010

Gann Levels MT4 Indicator


Determination of support and resistance levels
Calculation of target prices for the support and resistance is a very simple task.


Square of Nine is such that the numbers are simple square root relationship to other numbers on the circle. Calculations of the root, you can put a starting point the opening day to see the geometric relationships. Just put a line of 0 °, so that she was on the study costs. For example, if the market was opening day at 1.33365.

Now we can quickly compute the other numbers that are squares (90 ° and 270 °), triads (120 ° and 240 °), polukvadratami (45 °, 315 °), sextile (60 ° and 330 °), etc. These "pressure points" can be mathematically calculated using simple addition or subtraction from the square root of price. Calculate what the geometric relationships are as square root of the increment, we simply divide the number by 180, as will be discussed further. The numbers of such calculations are more important as levels of support or resistance.


45 ° = 45/180 = 0,25 225 ° = 225/180 = 1,25

60 ° = 60/180 = 0,333 240 ° = 240/180 = 1,333

90 ° = 90/180 = 0,5 270 ° = 270/180 = 1,50

120 ° = 120/180 = 0,666 300 ° = 300/180 = 1,666

135 ° = 135/180 = 0,75 315 ° = 315/180 = 1,75

180 ° = 180/180 = 1,0 360 ° = 360/180 = 2,0



Taking our example of 1.33365, we first would consider that price as the number 133365, when we move the comma on prices, making all the prices, or three-or four-five-digit integers. We simply calculate the square root of 133,365, and add the increment, above, to this number and squaring.



We have to determine the levels of resistance. The same calculation would be correct if we would have had him with bringing up a third sign, because is calculated by the square of the Nine.

Thus is the price or circular degree of importance to the support or resistance.

The graph shows how the price is looking for support or resistance.

Download

Gann Levels.mq4

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