Advanced Gann Fan
Advanced Gann Fan - for accurate key levels!
AGF script calculates the exact level based on the original Gann's theory and draw unlimited lines (levels).
One of the most important things in trading is strong and accurate key levels. AGF script, after practicing in draw it correctly, will draw you strong and accurate key levels (on all time frames), that will help you to know where is a good place to enter and put an order.
It is important to combine your strategy decision with AGF script levels. Do not enter automatically in each level.
With AGF script, you can draw unlimited fans on one chart.
AGF script parameters
- ID - Gann Fan ID. You need to give any ID you want, but you can not give the same ID to more than one Gann Fan in the same chart.
- Direction - Gann Fan Direction: Up or Down.
- Vertex - Normal (High to Low in Down Direction or Low to High in Up Direction), HH (High to High), LL (Low to Low).
To draw Fan on you chart you need to draw a Trend line or Fib line and change its Name property to the same value of AGF script's ID parameter.
The Central level line is based on this Trend/Fib line.
If Normal is selected and the Direction is Up, the Central line drawn from the Low of the Bar where the start point of the Trend/Fib line to the High of the Bar where the end point of the Trend/Fib line.
If Normal is selected and the Direction is Down, the Central line drawn from the High of the Bar where the start point of the Trend/Fib line to the Low of the Bar where the end point of the Trend/Fib line.
If HH is selected, the Direction need to be Down, the Central line drawn from the High of the Bar where the start point of the Trend/Fib line to the High of the Bar where the end point of the Trend/Fib line.
If LL is selected, the Direction need to be Up, the Central line drawn from the Low of the Bar where the start point of the Trend/Fib line to the Low of the Bar where the end point of the Trend/Fib line.
AGF script will calculate the other Fan lines and will draw them.
Note: that Normal value usually help to find the potential end of the correction and the start of new impulse.
Note: the Fan's lines are relevant to the same Timeframe you draw it. When you change the Timeframe you need to adjust the Trend/Fib line's vertexes to the correct bars (High/Low), and redraw the Fan (use the Replace option in Remove & parameter).
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