The Gann Square drawing tool can be used for forecasting future support or resistance levels by combining time and price by counting forward from important highs and lows. The starting point is generally an important High or Low on the chart. The start and end points will be the diagonal corners of the square. The end reference point is often the last bar on the chart.

Gann Square is available in two modes: Single square mode and Multi square mode.

▪       In Single square mode, only one Gann Square is plotted on the chart with four Gann Fans

▪       in Multi square mode (used as default settings), there is endless number of squares.

gann_square_multim.bmp

Gann Square parameters:

Price unit: used for defining square height

Time unit: used for defining square width

 

There are two ways of drawing a Gann Square on the chart: One-click option and Click-hold-release option.

To draw a Gann Square using One-click option

▪       Click on the Gann Square icon on the Drawing toolbar:

▪       Click on the chart at the first reference point (A) to define lower left corner of a square

To draw a Gann Square using Click-hold-release option

▪       Click on the Gann Square icon on the Drawing toolbar:

▪       Click on the chart at the first reference point (A) and hold the mouse button down to define the two diagonal corners.

▪       Move the mouse pointer to the second reference point (B) and release the mouse button.

To resize and reshape existing Gann Square:

▪       Click on any corner of the square on the chart and all four initial reference points will become white colored

▪       Click on one of them, hold the mouse button down, and readjust square size/shape

Note             You can also change size/shape of a Gann Square by manually adjusting Price and Time units on Properties sheet in Chart Properties dialog. See Customizing Gann Square.