We ended up in profit of 2620 - 2613 = 7rs. So we square off at CMP ( 2620 )(approx price). So there is possiblity for HDFC to move in downward direction. Infact the HDFC touched 2625 and started moving in rang 2618-2623. The price was not able to sustain above 2625 for more than 5 min. If you look, the price didnt went below 2601 after 9:15 am.īut price went above 2613. So finally you get square similar to the one shown below.Īs per this we should buy above 2613 and short below 2601. Step 9: Repeat the steps with values SQR(71.125), SQR(71.25). Step 8: After generating 8 values, you will be complete one level of square. Step 7: Place this on the top block of the block where u placed 4917.51. Step 6: Increase the value further by 0.125. Place this in left block adjacent to center block where u placed 4900. Step 4: Now increase the 70 by 0.125 ( 45 degrees ) ( as told in previous post 1 represents 360 degrees. Step 2: Take the 2 integers below SQRT(LTP) and 2 integers above SQRT(LTP).
Now i need to generate square based on this.
#Gann intraday calculator how to#
How to take LTP? (will describe in next post). To generate the square you need a reference point.įor intraday, this reference will be the LTP of stock/index. You all probably might be interested to know, how to generate this square. We've looked into that and they may be right, but for our purposes we've also learned that these schools of thought can peacefully exist alongside each other without contradiction.īut Note: For our Calculation we would consider 1 as 360 because we are trading intraday. 5) to the square root of a stock price and then squaring the result is very important! We acknowledge that there is is another school of Gann thought that will say that Gann's reference to 90 degrees relates to the movement of celestial bodies. 5 (and exact multiples or proportions of. What Gann is really saying is that adding and subtracting. Gann tells us that 90 degrees in very important in the stock market. If "2" represents a 360 degree rotation then "1" represents a 180 degree rotation, "0.5" a 90 degree rotation, and so on. Now we know that adding two to the square root of a number and squaring that sum is the same thing as a 360 degree rotation up on the Gann Wheel. Square 5.87 and we get 34.49 which rounds to 34. Add two to the square root of 15 and we get 5.87.
A more accurate expression would be that we're circling the square but that never did catch on. That explains where squaring the circle comes from. In the same sense that we can say that 19 is 90 degrees from 15, we can say that 34 is 360 degrees from 15, or one complete rotation of the circle from 15. The number 34 is directly above the number 15 and positioned one circumference or one ring outside the circle that contains the number 15. In this case, the number 19 is 1/4 the way around the circle from the number 15, or 90 degrees in circumference from 15.
#Gann intraday calculator series#
That makes sense only if you can visualize that this rectangular table of numbers is enclosed in a circle (or series of circles) of 360 degrees. In Square of Nine parlance we say things like 19 is 90 degrees from 15.
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