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click for a larger image |
The Gann Angles-Zero Tool similar in action
to Gann Angles tool, except that only a single line is placed on the chart
rising from the Zero point value below a significant high or low.
These Lines drawn from the Zero Value of Highs and lows, act as an indicator
for future Support and Resistance zones.
Referring to the graphic, we simply select a significant high or low and the Tool will automatically draw the Selected line from Zero out to the edge of the visible chart space. The Line Ratio selected as well as the Date the line is taken from is labeled on the end of the line, making it easier to recognize various lines on the chart. Obviously, all lines drawn are rising. |
The Gann Angles Zero Tool comes with the following 7 preset ratios and a facility for the User to create their own.
The ratios are read of as x Number of Points in y Number of Days, so Selecting the 2:1 Button and assuming that the price scale used is 1, the Tool will draw a line on the Chart that will rise ( or fall ) 2 points for every bar passed. Similarly, selecting a 1:2 line will draw a line that will rise ( or fall ) 1 point every 2 bars.
The Gann Zero tool also allows for the alteration of the Price scale. The default setting is 1 however when applying this to stocks then perhaps a rise/run ratio of 0.10 ( 10 cents ) may be more applicable. |
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- Select the button for the Zero line Angle from the Toolbar.
- Move the mouse pointer over the starting position for the Line. This may be either a high or a low price.
- Press the left mouse button at the desired end point and release the left mouse button.
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 The property editor as well as other functions may be accessed by holding the mouse pointer over the indicator line and Clicking the Right Mouse button and a popup menu will appear (see picture ).
The user may then open the Indicator Property Editor, move the Line above or below other indicators, hide the tool or delete the Line from the Chart. |
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 The property editor as well as other functions may be accessed by holding the mouse pointer over the indicator line and Clicking the Right Mouse button. You can also access the Property Editor directly by 'Double Clicking' on the line. All the Angle/Zero line tools share the same property editor allowing the user to alter the following properties:
- Line Color
- Line Width
- The Price Step to be used
- Label Font
After alteration, the user has the ability to set these settings as default for all future lines drawn on the page. |
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