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What is the GET Auto Gann study in eSignal 21.x?

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The GET Auto Gann study automatically projects support and resistance levels based on major Gann angles originating from previous significant pivot points. Please note that you must purchase Advanced GET to access this study.

Auto Gann can be used to reinforce major price pivot swings. It can also be useful to help identify minor price pivot swings. This is particularly effective when combined with other trading tools and studies, such as those tools used to identify Type One and Type Two setups. Auto Gann can be used in "momentum" price moves as well. It can provide a key Gann angle that supports or resists the current strong trend.

How do I apply the GET Auto Gann study?

There are two main ways to apply the Advanced GET Auto Gann study to your charts, either through the right-click context menu for charts, or through the Edit Chart window.

GET Auto Gann 1.png

From the right-click context menu

To add the study from the right-click context menu:

  1. Right-click in a blank space within the chart that you want to add the study to.
  2. From the pop-up menu that appears, click on "Insert Study..."
  3. In the Insert Study window that appears, either search for "GET Auto Gann" or navigate to the "Advanced GET" section, and click on the "GET Auto Gann" option.
  4. Click "Apply" to apply the study to the chart.
  5. Click "Close" to close the Insert Study window.

From the Edit Chart window

To add the study from the Edit Chart window:

  1. Right-click in a blank space within the chart that you want to add the study to.
  2. From the pop-up menu that appears, click on "Edit Chart..."
  3. In the Edit Chart window that appears, click the (+) button within the section on the left side of the window.
  4. In the Insert Study window that appears, either search for "GET Auto Gann" or navigate to the "Advanced GET" section, and click on the "GET Auto Gann" option.
  5. Click "Apply" to apply the study to the chart, it should also appear in the Edit Chart window.
  6. Click "Close" to close the Insert Study window.
  7. Optionally, click "Close" to close the Edit Chart window.

How do I adjust the Settings for the GET Auto Gann study?

To edit the GET Auto Gann study parameters, you can either:

  1. Right-click the chart and select "Edit Chart" to bring up the Edit Chart window, and then select the GET Auto Gann study from the left side of the window, or
  2. Right-click on one of the study lines and select "Edit" to pull up the Edit Chart window with the GET Auto Gann study selected automatically.

GET Auto Gann 2.png

Once the menu for the GET Auto Gann study is displayed, you have the following options:

  • Properties Tab
    • Title
      • Allows you to change the displayed name of the study.
    • Title Color
      • Changes the color of the name of the title when displayed.
    • Direction
      • The Direction setting allows you to select which direction to display the Gann angles within a target range (either up and down angles, only up angles, or only down angles).
      • This feature is useful because it allows for less relevant angles to be hidden which provides for a less cluttered, more useful chart. 
    • Target %
      • The Target % box is used to control the range that you want the Gann angles to be calculated with.  Gann angles within that range that are turned ON will be displayed. 
      • The default target range is 100%.
      • When this percentage is set at 100%, the lines drawn will only be those that intersect within the last bar's range. If you increase this to 200%, for example, the lines drawn will then be within twice the last bar's range.
    • Pivot Types
      • This setting allows you to set the types of price pivot points to calculate the Gann angles lines.
      • The "Pivot Types" default is set to primary and major pivots.
      • Gann angles originating from primary lows/highs have higher priority in defining the future path of trader's emotional cycle. The next line will be angles from major highs/lows, followed by the intermediate and minor pivots.
      • All Gann angles could provide support and resistance for price swings. However, the higher hierarchy angles, such as angles from primary or major pivots, typically provide stronger support/resistance.
      • There are times when the primary and major pivots do not identify any angles. When this happens, turn on the lower pivots to see if other angles can be picked up.
    • Angle
      • There are two sets of Gann angles that can be displayed, five above the origin and five below.
      • Each line is represented by a button that is labeled with the slope of the angle.
      • The numbers indicate the number of price units to move per time units.
      • To choose an angle, select its toggle button.
      • You can select which default angles to use-- 1x1, 1x2, 1x4, 2x1, and 4x1.
      • When the button is toggled ON (the green light in the left corner is on), the angle will be displayed.
    • Color
      • The Angle Color allows you to choose the color in which the Gann Angle lines will be drawn.
    • Scale
      • The Scale number field allows you to set the price unit that is used in determining the slope of an angle.
      • The default setting is 1.
    • Optimize
      • If you want the program to optimize the scale for a specific chart, select the Optimize button. GET will then go back and calculate Gann Angles from all of the pivot points using a variety of different scales, selecting the best scale for you based on the data provided.
      • Some purist Gann users might prefer to keep the scale set to 1, but we believe offering the optimized routine is a better approach. Our studies suggest that optimized angles for stocks, spreads, cross-rates, and foreign issues is a useful feature, and can often generate better results than sticking to a fixed setting.
    • Auto Optimize
      • When the Auto Optimize checkbox is selected, it causes a new Gann angle optimization any time a chart is re-issued.
  • Alerts Tab
    The Alerts tab allows you to set an alert when a price crosses a study line. 
    • Alert Area
      • Select the minimum of number ticks that price has to be within the range of a study line or set it "0" if the price must cross the study line to trigger an alert.
    • Auto Reactivate
      • When checked, the alert will reactivate so it can be triggered again.
    • Once Per Bar
      • When checked, the alert will not trigger again until the price bar forms.
    • Alert Action
      • When an alert is triggered you can choose the method for how you wish to be alerted. Settings include a pop up alert, an audio alert (custom wav file can be set), and if configured, an e-mail alert message.