Nifty Bank IndexTelah dikemas kini GANN squaring a Daniel Ferrera method VS simple indian style
One of our boarder mate was discussing about the GANN levels he follows for day trading / swing trading.
He said on 29 June that…
Bank Nifty' From High 2305(5) was 135 Degree. And it Was in 5 days 135 Degree. It Was about 843 Points Range (841=315 opp' of 135). Was it a Good Squaring. I am learning through books. So I don't have much confirmation whether I am on right track ..
23055 converted to 2305 and 2305 is 135 Degree.
Mod Formula is wrong. I have also worked with this Mod formula But's completely Wrong.
Sir I know that you have much more knowledge then me but I read somewhere that mod formula is not giving you correct degree. And I checked my self as well……
….And I calculating Degrees According to Daniel Ferrera Explained in his one of the book.
My mussing… Gann Squaring methods allows you to curtail the Number of digits from 5 digits to 4 and 4 digits to 3 like that. There is nothing wrong in that, But it increases the number of combinations and we will be falling in a big mess.
Now lets see what is the actual DEGREE of that number 23055 using MOD formula.
=MOD((SQRT( 23055))*180)-225,360) in excel gives you 105.97. where as the curtailed number 2305 go to =MOD((SQRT( 2305))*180)-225,360) is giving 136.87. when you curtail a digit, a huge change in degree is occurred. If you are satisfied with lesser digits and its accuracy, then there is no point in claiming a precision.
Off course both the system has slight differences in results, but you must be flexible for that one or two degrees. There is no definite rule for all that squaring numbers. It has got a wide range and lucky if you could find one in time.
Buy applying Dannel Ferrare method:
I take 24th May bottom 22470 as a pivot and see an example below,
also depicted in the BN chart.
Square' of 9 method, price & time must balance on a hard aspect.
The hard aspects are 45, 90, 135, 180, 225, 270, 315 and 360. Out of which
315-deg Angle is the most accurate angle of the entire chart and is used to calculate all other values. The Squares of Odd numbers are all on this angle.
The SQUARE' numbers in GANN square are aligned in rings, say, the center is 1, first ring up to 9, second ring up to 25, then 49 and so on….
How to find the Degrees of a price or dates
Step 1)
Find the Ring# of 22470 =ROUND((SQRT(22470)-0.22)/2,0) gives you the result 75
In excel cell enter the “ = Round((SQRT( input Price or Date)-0.22 / 2),0) “
{This rounds to the nearest whole number, i.e. it eliminates the decimals}
Step2)
Then we go to get the 315 DEGREE which falling in the Lower Left cardinal cross aligned with 9, 25, 39, 81………,153, try =(22470*2+1)^2-(7*22470) ie: 22801
Which is the square' of 151.
Step 3)
Find, Zero degree , which is falling in left of the horizontal cardinal line.
To find the zero degree or START number apply =(22470*2+1)^2
ie: 22276
Step 4)
Find back the angle Degree of that number
=SUM((22470- 75) / (22276/45)) you get 116.4 degree.
Step 5)
Now go on adding 45 Degree to find a resistance area and find value for that angle
Eg: 116 +315 Degree is 431 DEG
=(B1*2+1)^2-(7*B1)+ ((B1 / 45) *M1) change cell values to price & Deg
=($22470*2+1)^2-(7*$75)+ (($75 / 45) *431) come 22995
And first round bull run at 855 degree we got 23898, Both you can see in the attached table and chart. Have some patients and study this carefully. I have a broad mind to share but limitation to out it in a comprehensive way.
What I say is, DON’T do all these calculations, Just remember that you are at 24k and 151 is the root round number. Ok. Remember 45 x 8 =360
For 8 parts of 45 degree at this 75th ring, just go on add 75 x 8 times to get the next square' number.
That means, add or deduct 3 times 75 ie:225 to the pivot, you get 135 DEG resistance.
Opposite to 135 is 315 (180+135=315) so 7time 75 ie:525 added to the pivot will be the 315 Deg resistance value.
Just take it casually. It may or may not come true
He said on 29 June that…
Bank Nifty' From High 2305(5) was 135 Degree. And it Was in 5 days 135 Degree. It Was about 843 Points Range (841=315 opp' of 135). Was it a Good Squaring. I am learning through books. So I don't have much confirmation whether I am on right track ..
23055 converted to 2305 and 2305 is 135 Degree.
Mod Formula is wrong. I have also worked with this Mod formula But's completely Wrong.
Sir I know that you have much more knowledge then me but I read somewhere that mod formula is not giving you correct degree. And I checked my self as well……
….And I calculating Degrees According to Daniel Ferrera Explained in his one of the book.
My mussing… Gann Squaring methods allows you to curtail the Number of digits from 5 digits to 4 and 4 digits to 3 like that. There is nothing wrong in that, But it increases the number of combinations and we will be falling in a big mess.
Now lets see what is the actual DEGREE of that number 23055 using MOD formula.
=MOD((SQRT( 23055))*180)-225,360) in excel gives you 105.97. where as the curtailed number 2305 go to =MOD((SQRT( 2305))*180)-225,360) is giving 136.87. when you curtail a digit, a huge change in degree is occurred. If you are satisfied with lesser digits and its accuracy, then there is no point in claiming a precision.
Off course both the system has slight differences in results, but you must be flexible for that one or two degrees. There is no definite rule for all that squaring numbers. It has got a wide range and lucky if you could find one in time.
Buy applying Dannel Ferrare method:
I take 24th May bottom 22470 as a pivot and see an example below,
also depicted in the BN chart.
Square' of 9 method, price & time must balance on a hard aspect.
The hard aspects are 45, 90, 135, 180, 225, 270, 315 and 360. Out of which
315-deg Angle is the most accurate angle of the entire chart and is used to calculate all other values. The Squares of Odd numbers are all on this angle.
The SQUARE' numbers in GANN square are aligned in rings, say, the center is 1, first ring up to 9, second ring up to 25, then 49 and so on….
How to find the Degrees of a price or dates
Step 1)
Find the Ring# of 22470 =ROUND((SQRT(22470)-0.22)/2,0) gives you the result 75
In excel cell enter the “ = Round((SQRT( input Price or Date)-0.22 / 2),0) “
{This rounds to the nearest whole number, i.e. it eliminates the decimals}
Step2)
Then we go to get the 315 DEGREE which falling in the Lower Left cardinal cross aligned with 9, 25, 39, 81………,153, try =(22470*2+1)^2-(7*22470) ie: 22801
Which is the square' of 151.
Step 3)
Find, Zero degree , which is falling in left of the horizontal cardinal line.
To find the zero degree or START number apply =(22470*2+1)^2
ie: 22276
Step 4)
Find back the angle Degree of that number
=SUM((22470- 75) / (22276/45)) you get 116.4 degree.
Step 5)
Now go on adding 45 Degree to find a resistance area and find value for that angle
Eg: 116 +315 Degree is 431 DEG
=(B1*2+1)^2-(7*B1)+ ((B1 / 45) *M1) change cell values to price & Deg
=($22470*2+1)^2-(7*$75)+ (($75 / 45) *431) come 22995
And first round bull run at 855 degree we got 23898, Both you can see in the attached table and chart. Have some patients and study this carefully. I have a broad mind to share but limitation to out it in a comprehensive way.
What I say is, DON’T do all these calculations, Just remember that you are at 24k and 151 is the root round number. Ok. Remember 45 x 8 =360
For 8 parts of 45 degree at this 75th ring, just go on add 75 x 8 times to get the next square' number.
That means, add or deduct 3 times 75 ie:225 to the pivot, you get 135 DEG resistance.
Opposite to 135 is 315 (180+135=315) so 7time 75 ie:525 added to the pivot will be the 315 Deg resistance value.
Just take it casually. It may or may not come true
Nota
contd...imgur.com/mGtearq
Just take is casually. It may or may not come true. But there are east ways too.
So in the above example , we found 22470 as bottom pivot we got stopped at 22470+1425= 22895 may be a coincidence. But again 22470 +225= 22995 we had a support.
What is next then.. we have top now at 23898, right? That means we may find a bottom pivot somewhere at a multiple of 75 reduced/added to the top.
Probably 23898-525= 23373 or 23073 or even 22470. Let us watch and see.
Nota
Eg: Number is 22470
To Find Ring value of a Number, enter this in excel Formula
=ROUND((SQRT(Number value cell)-0.22)/2,0) will give 75
To find 315 Degree number
=(Ring value cell*2+1)^2 will give 22801
To find Zero Degree number
=(Ring value cell *2+1)^2-(7*ring value cell) will give 22276
To fine Angle of any number
=SUM((Number value cell - Zero value cell) / ( Ring value cell/45))
will give you a result 116.4
In the above post there are some typo mistakes.
instead the ring number value 75 ,
I put the assumed number 22470 to find the 315 degree number.
Any doubt please message again.
sorry for the mistakes and Long delay. Today I find a request for clarification.
Nota
ok. Angle for the number 22470 is actually 45.24 and not 116.4 as posted earlier.=SUM((22470- 75) / (22276/45))
is actually 45.24039325
Nota
dancute54 Sorry Dear, there was some mistakes in my typing, also I was unable and I couldn't explain the calculation here in all details with limited resources.if you are using a Gann chart you will find those values, easily on chart at every Ring of price and the ring of time. Here is an image for a price and time chart.
This is for the Nifty index (only to watch from the bottom created on 24/3/2020at 7511)
see the top price & time match at 11611 on 16/9/2020.
imgur.com/gallery/BXWlGOg
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.