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Gann Level Plotter for Amibroker (AFL)

4 / 5 (Votes 1)

THESE CODES HELPS IN FINDING CRUCIAL SUPPORTS N RESISTANCES AS PER GANNS 21 SQUARE METHOD AND CONFIRMS STRENGTH AND WEAKNESS IN PRICES.

Note: I tried this indicator but it plotted funny for me on certain charts. On those charts the support and resistance was flat and very high.

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2 Comments

Yah, thats true! I completely agree with Ankit.

For eg, when i plot the GANN chart for TATAMOTORS, the S/R line is thin flat and is shown up somewhere at 470 level. All the 3 lines are merged into 1 line.

Can any body improvise the formula and make it much better…?

Thanks in advance
Santosh

Ankit,

Actually its working but we need to do certain changes to the default values.

When you load chart for TataMotor, where flat lines are shown, we have to change the GANN multiplier to 2 instead of 0.5

just right click on the chart window and change it.

Cheers…
Santosh

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