Before we examine Gann techniques with the use of software, let's look at the theories behind them. To draw Gann angles, it is essential to set up your own chart the way that Gann did so that it is squared. Take a look at Figure 1. A perfect square is equal in both width and height, with four equal sides and four right angles. Gann hand-plotted his data onto graph paper that consisted of small squares combined into larger squares containing 16 of the smaller squares.
Some securities require the use of fractions or decimals for the points.
Gann's method of squaring tends to confound many would-be practitioners. Brent Aston is a private trader. All rights reserved. Inc. All rights reserved. Free E-mail Newsletter.