Gann Swing Chart

Gann Swing Chart
Overview
Gann Swing Charts, as proposed by W.D. Gann, provide an excellent way to examine trends of the market. The Gann Swing Chart is constructed from Bar Chart data and a thorough examination of each bar and how it compares to previous bars. When considering two bars, if the later bar has a higher High and a higher Low, then it is called a “Higher” bar. If a swing was going down then it would require a higher bar to make the swing turn up. As always, there are many properties that are adjustable allowing each analyst to set up the Gann Swing Chart to suit specific trading preferences.

Click to enlarge The Gann Swing Chart takes the element of time out of the Bar Chart and represents only the movement of price.

Bar Types
There are four bar types with respect to the previous bar –

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Percent and Point Swing Charts are all available in Market Analyst.com/ . Outside bar = higher high and lower low. Kagi. Down bar = lower low and lower high. The Gann Swing Chart moves to the high for the period on an up bar and keeps moving higher until a reversal is recorded. Below is an example of how a Gann Swing Chart is displayed when drawn over a Bar Chart using the Gann Swing Chart Overlay tool: Videos Gann Swings Part 1 http://wiki. It will only be reversed after three consecutive up bars. a down-swing will be displayed following three consecutive lower bars. however use different information to generate the swings. Inside bar = lower high and higher low. A reversal would come in the form of a down bar (or an outside bar). These charts are similar to Gann Swings.G G G G Up bar = higher high and higher low. On a three bar swing count.market-analyst.

com/ .http://wiki.market-analyst.Gann Swing Chart Gann Swings Part 2 Actions & Properties Market Analyst Knowledge Base .

Actions Apply Settings to All: Any changes to the chart's setting can be applied to all the other charts on the page or in the workbook. Each time you open a new Gann Swing Chart it will display using the new settings. and Volume) to your clipboard. change the colour scheme or line width of the chart and click this option to automatically change all the other charts in the workbook. etc). Note that the values copied will be in the timeframe of the chart. MS Excel. which can then be used in other programs (such as Notepad.com/ . For example. Move to Back: If the lines of the chart are displaying in front of other tools or indicators clicking this action will move the lines view to the background. so a weekly chart will copy weekly values. Close. Low. clicking this action will bring the lines to the forefront. Restore Default Settings: Click this action if you have adjusted the default settings of the Gann Swing Chart. and wish to return to the standard properties originally installed with Market Analyst 7. High. Save Settings as Default: If you have adjusted any of the Gann Swing Charts properties (colours for example) you can save the adjustments as your new default setting. Copy Data to Clipboard: Copies the raw data values (Open. Move to Front: If the lines of the chart are displaying behind other tools or indicators on the chart. Properties http://wiki. Delete: Delete the Gann Swing Chart from the page.market-analyst.

01 as its price unit. if set to three there would need to be three successive higher bars before a down swing would turn up.com/ . For example. the Gann Swing will use the Market Analyst 6 ruleset for dealing with Outside / Inside bar clustering. setting the Default Price Unit to 0. For more information on the Price Unit. Default Price Unit: Used to set the Price Unit various Gann-based tools will use by default when applied to the selected chart. For example. Outside Bar Calc: Sets how outside bars are treated in the swing calculation. please see here.01 will set any Gann Fan applied to the chart to use 0. Chart Style: Allows you to change the Gann Swing Chart to another chart style (such as Line Chart). as displayed in the Structure Panel.market-analyst. Click the drop down arrow to select the Use Outside Bar or Use Next Bar option.Gann Swing Chart Tool Name: Allows for the name of the tool to be changed. G Cluster Outside / Inside Bars: When the Outside Bar Calc property is set to “Use Next Bar” a new checkbox will be displayed for Outside / Inside Bar clustering. Swing Count: Sets how many time periods (bars) must take place in the same direction for the swing to turn. For more Market Analyst Knowledge Base .http://wiki. When unticked.

Date Range: This setting allows you to choose how much historical data is displayed on the chart. with a two bar swing count a down day occurs on the first day that has taken out the previous swing low. However. For example. Check the box to use inside bars in the swing count. Normally this bar would not be considered in the calculation until the second down day. After the last bar there will be an area of blank charting space used for plotting tools and indicators into the future. By default all data contained in the data file is displayed. If the turning point of the previous swing is exceeded before the number of bars in the swing count has occurred this is called a 'breakout' and the new swing will be drawn.market-analyst.com/ . you can also choose one of the following options: G G G G G G G G G Everything Today Yesterday Last Week Last Fortnight Last Month Last Quarter (3 Months) Last Year Last Five Years http://wiki. Use Inside: When the Swing Count is greater than one this property appears to set how inside bars are treated in the swing calculation. but by selecting the Use Breakout option the the next swing is drawn on the first bar. See this example using the Gann Swing Overlay tool: Click to enlarge Blank Bars: The number of blank bars to the right of the current price action.information please refer to this article. Use Breakout: This option can only be used with a swing count greater than one. Uncheck to ignore inside bars. Increasing this value will increase the amount of blank space.

Show Blanks: When enabled a dash will be added for weekdays where no trading activity is recorded (public holidays for example). then details regarding the swings will be displayed on the Chart. Show Single Session: For codes containing two sessions in a single day (e. Data File Properties: This field can be expanded to display information on the data file being used to generate the chart. Ticking this checkbox will allow you to view only one of those sessions on the chart. When this option is selected. capital adjustments etc.Gann Swing Chart G G Last 10 Years Date Range (Specifically select a date the chart will plot from). Text Size: Use this slider bar to increase / decrease the size of the text labels displayed on the Gann Swing Chart (if enabled). When this option is ticked.http://wiki. Ignore Dilutions: Market Analyst data is adjusted for share splits. such as weekends and public holidays. Session 2 = Night). Ignore Out of Session Ticks: Any data coming in outside of the designated session times (assigned to the specific code in use) will not be added to the chart.market-analyst. Session 1 = Day. A change in colour distinguishes the swing confirmation. Visible Labels: Expands to show the items available to display within a Gann Swing label. Items such as the Data File’s name.com/ . physical location on your Market Analyst Knowledge Base . Exchange. with data from the other session being hidden from view. Filters: Mouse over this option to open the Filters panel: G G G G G Calendar Days: Ticking this option will add a dash for every day on the chart not filled by an existing bar. These are: G G G G G G G Price at the swing turn Bars since the last swing turn Calendar Days since the last swing turn (in brackets) Date of the swing turn Range between swings Price Retracement of the previous swing Time Ratio: the duration of the swing relative to the duration of the previous swing as a percentage. Show Labels: If this box is checked. any historical adjustments on the chart are ignored. the Unconfirmed Colour field will automatically appear. however no dashes will be added for weekends. Up Colour: Allows you to change the colour of an upward swing. Down Colour: Allows you to change the colour of an downward swing. Requires a real time datafeed. Text Colour: Allows the label text colour to be changed. Requires a real time datafeed. 50% Mark Line Style: Expands to give you the options to change the Line Style and Colour of the 50% Markers (when enabled).g. Line Width: Use this slider bar to increase / decrease the width of the Gann Swing chart lines. Show 50% Mark: This option allows you to display two horizontal lines at the 50% level of the last two swings of the chart. Show Unconfirmed: Check this box to see when an up or down swing was confirmed.

Part 2 by Dale Gilham Gann Swing Charts by David Burton Gann Swings by Alan Oliver http://wiki. Moving the slider to the left will increase the transparency of the chart. Generally this information is only required for trouble shooting purposes and is not something you will use on a regular basis. Tool Transparency: This slider bar is used to adjust the transparency of the chart itself.com/ . Visible: Unticking the checkbox will hide the swing chart from view.market-analyst.Part 1 by Dale Gilham Getting into the Swing . Moving the slider to the right will increase the opacity of the chart.system are all displayed here. More Information The Educated Analyst Getting into the Swing .