Advanced GET - Reference Guide for Indicators (A - L)

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Advanced GET - Reference Guide for Indicators (A - L)

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Auto GANN Angles

Auto Trend Channels

Bias Reversal

Copy Tool

Elliott Oscillator

Elliott Trigger

Elliott Waves

Ellipse

Eraser

Fibonacci Circles

Fibonacci Extension

Fibonacci Retracement

Fibonacci Time

Gann Angles

Gann Box

Joseph Trend Index (JTI)


Auto GANN Angles

General Description
The Auto Gann Angles feature is used to display Gann support and resistance lines calculated by GET.

Recommended Usage
The "Auto Gann Angles" is a feature in Advanced GET that quickly defines relevant Gann angles for current price action. When you first use the "Auto Gann Angles" feature, only Gann angles coming into a current price range are automatically displayed. If, for example, you are looking for a major top, "Auto Gann Angles" projects resistance levels based on major Gann angles originating from previous significant points. If you are looking for a major bottom, "Auto Gann Angles" projects support levels.

When using "Auto Gann Angles" you can select Gann angle lines based on a default scale of 1, or you can select the "optimize." feature. Advanced GET will then optimize the best Gann angles it can for the data file you provide. 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 Gann Angles" can be used to reinforce major price pivot swings. It can even 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 Angles" can be used in "momentum" price moves as well. It can provide a key Gann angle that supports or resists the current strong trend.

When you use "Auto Gann Angles" you have complete control of where angles originate and, also, if the angles are moving up or down from a previous pivot. You can select which angles to use-- 1x1, 1x2, 1x4, 2x1, and 4x1.

When you use "Auto Gann Angles" you can select different target ranges. A target range is defined as, "a multiple of the range of the last bar." The target range selection will determine how narrow or wide the target range will be. The default target range is 100%. When you take the range of the last bar and multiply by a factor of 1, Gann angles within that range that are turned ON-- will be displayed.

To become more familiar with how the target range selection can affect the number of auto Gann angles to be displayed, experiment with the various target ranges. By experimenting you will see if a better combination of Gann angles will be produced. Try, for example, to widen the target range. Enter values such as 200, 300, 400, 500, or any combination. To keep a narrow target range, use the default of 100.

When using "Auto Gann Angles" you can select from which 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.

When you use "Auto Gann Angles" you can 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 not be displayed. In addition, it can allow for a less cluttered, more useful chart.

The "Auto Optimized" selection allows for a new Gann angle optimization any time a chart is re-issued.

The "Auto Gann Angles" is a great feature because it can quickly provide relevant automatically drawn Gann angles to your analysis. However, for those who want to take Gann angles to its maximum potential, one should never abandon the use of other Gann tools such as the Gann Box and manually applied Gann Angles.

Menu Functions
To display the Auto Gann Angles on a Bar Chart, select Auto Gann Angles from the Studies Toolbar. This will open the Auto Gann Angles dialog box.

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. When the button is toggled ON (the green light in the left corner is on), the angle will be displayed. Use the scroll box to set whether the Up, Down or both sets of angles are displayed.

Use the Scale number box to set the price unit that is used in determining the slope of an angle.

If you want GET 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. PLEASE NOTE: this process can take from just a few seconds to a few minutes, depending on your data and the speed of your computer.

The Target % number box is used to control the range that you want the Auto Gann Angles to be calculated with. When this percentage is at 100%, the lines drawn will only be those that intersect within the last bar's range. If you increase this to 200%, the lines drawn will then be within twice the last bar's range.

Copy Lines: When the Copy line function is clicked the lines on the chart are copied to the chart. If you remove the Auto Gann study those lines are still there, also you can change time frames and those lines will still be there.

Auto Optimize: Optimizes for each new chart quick loaded. Otherwise each chart would have to be optimized again after it is loaded.

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 Auto Trend Channels

General Description
Auto Trend Channels are Regression Trend Channels that are automatically drawn by GET based upon the degree of Pivots and the trend direction. The break of an Auto Trend Channel is usually used as an entry or exit signal.

Menu Functions
The Trend Line On/Off Button indicates if the Trend Line will be displayed. The Trend Line does not have to be displayed for the Automatic Trend Channels to work correctly. Press your left mouse button on this button to turn the display of the Trend Line On or Off.

The Trend Line Source selection list allows you to choose which prices are used in the calculation of the Regression line.

Open

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The regression line will be calculated using the open prices of the bars

High

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The regression line will be calculated using the highs of the bars

Low

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The regression line will be calculated using the lows of the bars

Close

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The regression line will be calculated using the closing prices of the bars

(H+L)/2

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The regression line will be calculated by using the value derived from adding the highs with the lows and dividing by 2

(H+L+C)/3

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The regression line will be calculated by using the value derived from adding the highs with the lows with the close and dividing by 3

(O+H+L+C)/4

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The regression line will be calculated by using the value derived from adding the opens with the highs with the lows and dividing by 4

H-L Flip

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The H-L flip indicates that the Automatic Trend Channels should be calculated using the Low of the bars when the trend is up and the High of the bars when the trend is down

The Trend Line Color selection list allows you to choose the color in which the Trend Line will be drawn.

The Upper Channel On/Off Button indicates if the Upper Channel of the regression line will be displayed. Press your left mouse button on this button to turn the display of the Upper Channel On or Off.

The Std. Devs. check box indicates whether the standard deviation of the regression line should or should not be used for the Upper Channel. When this box is checked, the Upper Channel will use the standard deviation indicated in the number box directly below it. If the Std. Devs. check box is not checked, the Upper Channel will be drawn using the highest or lowest bars in the trend encompassed by the channels.

The Upper Channel Color selection list allows you to choose the color in which the Upper Channel line will be drawn.

The Lower Channel On/Off button indicates if the Lower Channel of the regression line will be displayed. Press your left mouse button on this button to turn the display of the Lower Channel On or Off.

The Std. Devs. check box indicates if the standard deviation of the regression line should or should not be used for the Lower Channel. When this box is checked, the Lower Channel will use the standard deviation indicated in the number box directly below it. If the Std. Devs. check box is not checked, the Lower Channel will be drawn using the highest or lowest bars in the trend encompassed by the channels.

The Lower Channel Color selection list allows you to choose the color in which the Lower Channel line will be drawn.

The Minimum Pivot selection list allows you to choose the degree of Pivots you wish the Automatic Trend Channels to use as the starting point of the Trend Channel. If Primary is highlighted, the Automatic Trend Channels will only use the Primary Pivot points as starting points for the channels and will not change until a new Primary Pivot point is in place.

The Pearson's R On/Off Button indicates if the Pearson's R value will be shown at the bottom of the Automatic Trend Channels. As the Pearson's R value gets closer to the value of 1, this means the calculated regression line is matching the actual value of the data. This means that the regression line is "fitting" the trend very well. As the Pearson's R value gets closer to the value of 0, the regression line does not match the value of the data. This means that the regression line does not "fit" the trend very well. Think of this value as a percentage -- A 90 percent match is very good, while a 6 percent match is very bad.

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Bias Reversal

General Description
The Bias Reversal is a proprietary study developed by Tom Joseph.  The Bias Reversal indicates a potential change in trend (a reversal of a bias) point. When the Bias Reversal is indicated at the top of the screen, it indicates some degree of a change in trend and the market should move down. The opposite is true when the Bias Reversal is indicated at the bottom of the chart. If the Bias Reversal gives you a false signal, a line will eventually be drawn at the base of the signal.

Menu Functions
When checked, the Filter removes any Bias Reversal signals that have been marked false signals. When this is not checked, false Bias Reversal signals will be indicated with a line being drawn at their base. Bias Reversal signals are designated as "True" or "False" when the next price bar after the signal has been verified.

The Top and Bottom Color lists allow you to alter what colors the Bias Reversal will be drawn.

The Sensitivity selection list allows you to choose between a Normal or Tight sensitivity level for the Bias Reversal calculation. The Normal setting is what should be used in most circumstances. The Normal setting will give you more signals, some of which will be "false" or smaller changes. The Tight setting is less sensitive to the market, and will give you less Bias Reversal points. When using the Tight setting you will have less false signals, but you will have less good signals as well.

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Copy Tool

General Description
This Drawing Tool is used to copy a line or many lines on the chart. This is particularly helpful when wanting to draw parallel lines or a channel.

Recommended Usage
Place the Copy cursor on top of the line(s) that you want to copy and press your left mouse button. The copy of the line you selected will be attached to the mouse cursor and can be placed on the chart by pressing your left mouse button.

Menu Functions
The Mode selection list allows you to choose between copying just a One Line or All Lines on the chart.

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Elliott Waves

General Description
Elliott Waves, the "E" part of GET (Gann Elliott Trader), is one of the core studies of GET. The simplified Elliott Wave theory states that you will have a 5 wave sequence in a direction, some kind of corrective pattern (most of the time), and then a new 5 wave sequence in the opposite direction.

Recommended Usage
Elliott Waves must be used in conjunction with the Elliott Oscillator.

To obtain the optimum wave count, we recommend using between 300 - 600 bars of data. Once you are experienced with how the wave counts are affected by pivots, using 150 or more bars is acceptable for a wave count. Caution: Using less than 150 bars or more than 800 bars of data might result in inconsistent or bad wave counts.

Due to the complexity of the use of Elliott Waves, it will not be covered here. Please see the Advanced GET Users Guide for more information on the use of Elliott Waves.

Menu Functions
Under Alternate Counts:

 The Wave 4 number box indicates the percentage that Wave 4 can overlap Wave 1 before the Wave count is considered invalid and has to be recalculated. The default for any Futures contract is 17% (to account for slippage) and 0% for all other issues.

The Wave 1-3 number box indicates the maximum % level of the length of Wave 3 that the Wave 1 can be labeled. This percentage is important in the way the Wave 4 time channels and PTI are calculated. The default Wave 1-3 ratio is 50%. This means if you take the length of Wave 3, the Wave 1 could be labeled anywhere up to 1/2 the length of Wave 3. This does not mean that it will be labeled right at the 50% mark, but it could be labeled anywhere from the 1% up to 50% level according to this percentage. If you decrease this number to 20%, this means that the Wave 1 must be labeled somewhere between 1% and 20% of the length of Wave 3.

The Alternate 1 - Aggressive count button, when on, indicates that you will have an aggressive change in the Elliott Waves. You will want to use this setting when you are watching a Wave 4 in progress, and the Elliott Wave Oscillator has not only pulled back to the zero line, but has crossed the zero line and has retraced over the zero line more than 38%.

The Alternate 2 - Short Term count button, when on, indicates that a shorter Elliott Wave count should be used. The Short Term count could be used to see a 5 Wave sequence inside of a strong Wave 3.

Normally, once a 5 Wave sequence is detected the default Elliott Wave count looks for a new Wave 3 in the opposite direction with the first price target being the previous Wave 4.

The Alternate 3 - Long Term count button, when on, indicates that a much longer Elliott Wave count than normal should be used. This count should be used when the market fails to move strongly away from the end of a 5 Wave sequence. The Long Term count can look at the market on a bigger picture when this happens to determine if the end of the previous Wave 5 might have really been the end of a Wave 3, with a Wave 5 still to be placed. This wave count should be used with the Alternate 3 Oscillator and not with the 5,35 Oscillator.

The Original button returns the Wave 4 settings and Wave 1-3 setting, along with the Elliott Waves, back to their original settings.

The Labels selection list allows you to select what degrees of Elliott Wave counts are displayed on the chart. Major labels are identified as large numbers inside of disks. Intermediate labels are smaller numbers. Minor labels are small Roman numerals.

Under Normal Colors, you have the color selection lists for the Original Elliott Waves and the Original ABC colors. The colors you select for Waves and ABC are the colors in which the Original (default) Elliott Waves will be drawn.

Under Alternate Colors, you have the color selection lists for any of the Alternate Elliott Waves and any of the Alternate ABC colors. The colors you select for Waves and ABC are the colors in which any of the Alternate Elliott Waves will be drawn. Those having the lesser weight of 50.

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Elliott Trigger

General Description
The Elliott Trigger is a confirming signal that Wave 4 has actually ended when the Oscillator retraces below the zero line.

Recommended Usage
During Elliott Wave 4, the Elliott Oscillator needs to pull back to the zero line to signal the end of Wave 4. Many times the Oscillator pulls back to the zero level and continues to stay below the zero line for some time. The Elliott Trigger should only be used after the Oscillator has pulled back to the zero line. Once the Oscillator has pulled back to zero, wait for the Elliott Trigger to cross above the zero line. This provides confirmation that the Wave 4 is over.

Menu Functions
The Color selection list allows you to chose the color of the Elliott Trigger.

The Time Frame: Long Term check box should only be checked when you are using the Alternate 3 Oscillator (10,70 Osc.) in combination with the Alternate 3 - Long Term Elliott Wave count.

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Elliott Oscillator

General Description
An Oscillator is simply the difference between two moving averages displayed as a histogram. The moving averages used in this Oscillator are simple moving averages.

Recommended Usage
When looking at an Elliott Wave count, you should be looking at the Elliott Oscillator to qualify the accuracy of the count. In a 5 Wave sequence the Elliott Oscillator should pull back to the zero line to signify the end of the Wave 4. Under normal conditions you will want to use the 5,35 Oscillator (Tom's Osc). When the market is going into an extended 5th Wave, you should use the 5,17 Oscillator (Extended). When using the Alternate Count 3 - Long Term Elliott Wave setting, you should use the 10,70 Oscillator (Alternate 3).

The Break Out Bands qualify the Wave 3. If the program is labeling a movement in the market as a Wave 3, the Elliott Oscillator should be above the Break Out Bands. If the Elliott Oscillator is not above the Break Out Bands, then there is a good chance that the market is not really in a Wave 3 and that the program will relabel the Elliott Wave count.

Menu Functions
The Mov Avg number boxes indicate the two moving averages used in the calculation of the Elliott Oscillator. The numbers represent the number of periods to use in the calculation of the moving average.

The Oscillator Color selection list allows you to change the color of the Elliott Oscillator.

Press the Tom's Osc button to change the moving averages to a 5 period moving average against a 35 period moving average.

Press the Extended button to change the moving averages to a 5 period moving average against a 17 period moving average.

Press the Alternate 3 button to change the moving averages to a 10 period moving average against a 70 period moving average.

The Break Out Bands Strength % number box allows you to adjust where the Break Out Bands will be drawn. If the % is set to 100, then the Break Out Bands will be drawn exactly at the level where they were calculated. If the % is set to 110, then the Break Out Bands will be drawn at a level that is 10% higher than they were actually calculated (moving them away from the zero line). If the % is set to 60, then the Break Out Bands will be drawn at a level that is 40% lower than they were actually calculated (moving them closer to the zero line). The Break Out Bands are not just moving averages - they are a proprietary indicator developed by Trading Techniques, Inc.

The Break Out Bands Color selection list allows you to change the color of the Break Out Bands.

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 Ellipse

General Description
The Ellipse is a proprietary study developed by Tom Joseph.  The Ellipse is based upon both time and price, and is a tool that, although drawn, updates as the market changes.

Recommended Usage
Click on one Pivot, and then another and you will see the Ellipse coming down (or up) to "intercept" the market. Once the Ellipse has intercepted the market it will stop updating and the trend 'should' change at that point. Please note that there are three different lengths of Ellipse, based upon the length of the trend.

Menu Functions
Under Time Frame you have toggle buttons that let you control the display of the Short term, Medium term, and Long term Ellipse.

The Color selection list allows you to change the color of the outer shell of the Ellipse.

The Line Width number box indicates the width of the lines used to draw the shell of the Ellipse.

The Markers toggle button, when on, leaves a mark at the starting and ending points used to draw the Ellipse.

The Shadows toggle button, when on, displays the projected path of the Ellipse, where it might intercept the market.

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Eraser

General Description
The Eraser is used to erase any item that has been drawn on the chart by any of the Drawing Tools. To erase a line, move the Eraser cursor on top of the line you want to erase and press your left mouse button.

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Fibonacci Retracement

General Description
The Fibonacci Retracement tool is used to measure the amount the market has retraced compared to the overall market movement. This tool uses ratios which are mathematical in nature, derived from the Fibonacci sequence developed by Leonardo Fibonacci around 1180 ACE. Fibonacci Retracements give you support and resistance areas along with general target price areas.

Recommended Usage
Fibonacci Retracements are commonly drawn from the beginning of Wave 1 (the Zero point) to the top of Wave 3 to find a target price area for the Wave 4 retracement. You would first turn on the Fibonacci Retracement tool. When the Fibonacci Retracement tool is turned on, you will notice that your mouse cursor changes to an arrow with Fib Ret attached to it. Move your mouse cursor to the beginning of the Wave 1 (the Zero point) and press your left mouse button once. Next, move your mouse cursor to the top of Wave 3 and, keeping the mouse cursor level with the top of Wave 3, slide your cursor horizontally to the right. You should see the Retracement levels being drawn. Press your left mouse button a second time to anchor them in place. You can also measure the amount that the Elliott Wave Oscillator has retraced. Normally, you will want to see if the Oscillator has retraced between the 90% to 140% levels. Place your cursor on top of the icon in the Drawing Tools that is labeled Fib Ret and press your right mouse button. This will open the Fibonacci Retracement dialog box. The two ratios that you want to have turned on would be .90 (90%) and 1.40 (140%). If these values are not already a choice, simply enter these values into one of the Retracement number boxes. Press the OK button. Move your mouse cursor to the 0 line of the Oscillator (the 0 line is where the Oscillator is flat). Find the spot on the 0 line that corresponds (vertically) with the top of the Wave 3 and press your left mouse button. Next, move your mouse cursor vertically up or down to the spot on the Oscillator where the Wave 3 peaked and then slide your cursor (horizontally) to the right and press your left mouse button. You should see the 90% and 140% retracement levels on the Oscillator.

Menu Functions
The On/Off toggle buttons indicate if the associated retracement value will be displayed. Press your left mouse button on the toggle button to either turn it On or turn it Off.

The Value number box indicates the retracement value. To change this, highlight the value in the number box and type in the value that you desire. For example, if you are looking for a 90% retracement level, highlight one of the values and type .90.

The Color selection list allows you to change the color of each retracement line.

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Fibonacci Extension

General Description
The Fibonacci Extension tool is used to measure the amount the market has extended compared to the overall market movement. This tool uses ratios which are mathematical in nature, derived from the Fibonacci sequence developed by Leonardo Fibonacci around 1180 ACE. Fibonacci Extensions give you general target price areas.

Recommended Usage
Fibonacci Extensions are commonly drawn from the beginning of Wave 1 (the Zero point) to the top of Wave 3 and then to the Wave 4 retracement to find a target price area for the Wave 5 extension. You would first turn on the Fibonacci Extension tool. When the Fibonacci Extension tool is turned on, you will notice that your mouse cursor changes to an arrow with Fib Ext attached to it. Move your mouse cursor to the beginning of the Wave 1 (the Zero point) and press your left mouse button once. Next, move your mouse cursor to the top of Wave 3 and press your left mouse button again. Lastly, you would move your mouse to the end of Wave 4 and, keeping the mouse cursor level with the end of Wave 4, slide your cursor horizontally to the right. You should see the Extension levels being drawn. Press your left mouse button a second time to anchor them in place.

An alternate method of drawing Fibonacci Extensions is from the end of Wave 1 (the beginning of Wave 2) to the top of Wave 3 and then to the Wave 4 retracement to find a target price area for the Wave 5 extension. To use this method you would first turn on the Fibonacci Extension tool. When the Fibonacci Extension tool is turned on, you will notice that your mouse cursor changes to an arrow with Fib Ext attached to it. Move your mouse cursor to the end of the Wave 1 (the beginning of Wave 2) and press your left mouse button once. Next, move your mouse cursor to the top of Wave 3 and press your left mouse button again. Lastly, you would move your mouse to the end of Wave 4 and, keeping the mouse cursor level with the end of Wave 4, slide your cursor horizontally to the right. You should see the Extension levels being drawn. Press your left mouse button a second time to anchor them in place.

Menu Functions
The On/Off toggle buttons indicate if the associated extension value will be displayed. Press your left mouse button on the toggle button to either turn it On or turn it Off.

The Value number box indicates the extension value. To change this, highlight the value in the number box and type in the value that you desire. For example, if you are looking for a 65% extension level, highlight one of the values and type .65.

The Color selection list allows you to change the color of each extension line.

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 Fibonacci Circles

General Description
The Fibonacci Circles tool is used to find support and resistance areas in both price and time. This tool uses ratios which are mathematical in nature, derived from the Fibonacci sequence developed by Leonardo Fibonacci around 1180 ACE.

Recommended Usage
Fibonacci Circles ratios are commonly drawn using a recent Pivot as the center of the circle, moving out to the latest Pivot point.

Menu Functions
The On/Off toggle buttons indicate if the associated circle value will be displayed. Press your left mouse button on the toggle button to either turn it On or turn it Off.

The Value number box indicates the circles value. To change this, highlight the value in the number box and type in the value that you desire.

The Color selection list allows you to change the color of each circle.

The Fixed Scale check box indicates if the value in the Fixed Scale number box will be used to draw the circles instead of a scale based upon the market you are looking at. You can edit the value in the Fixed Scale number box by highlighting it and typing in the value that you want.

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Fibonacci Time

General Description
The Fibonacci Time tool is used to project Fibonacci ratios out into the future, with the idea that past Pivots can project future Pivots or changes in trend. This tool uses ratios which are mathematical in nature, derived from the Fibonacci sequence developed by Leonardo Fibonacci around 1180 ACE. Fibonacci Times give you general change in trend areas in relation to time.

Recommended Usage
Fibonacci Time ratios are commonly drawn from one Pivot point to another. Generally, if you are using Major Pivots, you want to draw the Fibonacci Time from a Major Pivot to another Major Pivot. To do this, you should first turn on the Pivot display from the Studies menu. Next, put your cursor on top of the Fibonacci Time button and press your left mouse button. When you move your cursor into the Bar Chart area, you will notice that your cursor now looks like an arrow with Fib Time attached to it. Move your cursor to the first Pivot you wish to use and press your left mouse button once. Next, move your mouse cursor to the second Pivot you want to use and, keeping it aligned with the Pivot point, slide your cursor vertically until you clearly see the Fibonacci Time ratios on the chart. Press your left mouse button to anchor them on the chart.

Menu Functions
The On/Off toggle buttons indicate if the associated time value will be displayed. Press your left mouse button on the toggle button to either turn it On or turn it Off.

The Value number box indicates the time value. To change this, highlight the value in the number box and type in the value that you desire.

The Color selection list allows you to change the color of each time line.

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Gann Angles

General Description
Gann Angles are lines drawn (usually) from pivot points that provide support and resistance for price swings.

Recommended Usage
When drawing Gann Angles, it is suggested that you use a Pivot for the origin of the Gann Angles. Press the Optimize button to get the correct scale for the chart, then press the OK button and click twice with your left mouse button on the origin. An alternative method is once you have drawn the angles on the screen, put your cursor on top of the origin of the angles, press your right mouse button to open the Gann Angle properties sheet, press the Optimize button, then press the OK button.

Menu Functions
The Angle number boxes are used to indicate the price and time slope. The number box on the left indicates the number of price units to move and the number box on the right indicates the number of time units to move.

The Color selection list allows you to change the color of each line.

The Up On/Off buttons indicate if the corresponding line starting at the origin and moving up will be displayed.

The Down On/Off buttons indicate if the corresponding line starting at the origin and moving down will be displayed.

The Scale number box indicates the price unit that is used in determining the slope of the angles.

The Optimize button is used to instruct GET to examine the prices in the current chart and find the best possible Scale for the Gann Angles. If you have not yet drawn the Gann Angles on the chart, when you press the OK button, the angles that will be drawn on the chart will use the optimized scale. If you have already drawn the Gann Angles on the chart, after the Optimize process is done, you must press either the Apply or OK button to see the change in the Gann Angles on the chart. The Gann Angles will be redrawn from the same origin using the optimized Scale.

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Gann Box

General Description
The Gann Box is an excellent tool that uses the Gann Wheel as a basis for its pattern of price and time.

Recommended Usage
The Gann Box can be used in a variety of individual ways. One recommended method of drawing the Gann Box is to take the previous Major Pivot point (usually the end of the last 5 Wave sequence) and draw it so that the 1 X 1 line follows the current market support areas to a good degree. This is a very subjective method of drawing the Gann Box, but experience will teach you the best origin for the Gann Box.

Menu Functions
The Colors selection list allows you to change the color of the 1 X 4, 1 X 2, 1 X 1, 2 X 1, and 4 X 1 lines that comprise the Gann Box.

The Scaling selection list allows you to choose between a Gann Box made using Fixed Increments for scaling and a Gann Box drawn using a Free Form scaling. The Fixed Increments scaling is used when you want the Gann Box to be drawn with the computer generated fixed interval patterns that are built into GET. This is the setting that is most often used by the individuals at Trading Techniques, Inc. The Free Form scaling should be used when you want the Gann Box to be drawn at any scale and in any increment that you want. With the Free Form scaling, you have total control on the size of the box.

The Width number box indicates the thickness of the lines that draw the Gann Box. A setting of 1 will draw the Gann Box using very thin lines, and a setting of 100 will draw a Gann Box that is very thick and difficult to use.

The Box Color selection list allows you to change the color of the box drawn around the Gann Angles that make up the Gann Box.

The Box On/Off switch toggles the display of the outer lines that make the Gann Box. To turn the drawing of the outer lines on or off, put your mouse cursor on top of this button and press your left mouse button.

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Joseph Trend Index (JTI)

General Description
The Joseph Trend Index (JTI) is based upon a trend tracking and strength algorithm developed by Tom Joseph. This indicator can be used in conjunction with the Expert Trend Locator (XTL) as a confirmation of a trend due to the fact that they are independent calculations and are not related.

Recommended Usage
The primary objective while designing the JTI was to create a study that kept you from taking positions against a major trend. The JTI can also act as an early warning signal prior to a breakout of a trend and at the end of the trend. The JTI can also be used as a conformation/confidence indicator when used in conjunction with the XTL to add positions during a trend.

Menu Functions
The Trend Length drop down box indicates what length of trend the JTI should display.

The Fast Mode check box is used when you want the JTI to be extremely sensitive to any change in the trend strength. This setting should be used with caution due to the fact that it can give many false signals.

The Band 1 and Band 2 number boxes indicate at what level the upper and lower bands will be drawn.

The Bands Color selection list allows you to change the color of the bands drawn on the JTI.

The Trend Strength Color boxes indicate and allow you to change the color used for the different trend strengths when the JTI is drawn.

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