The trading techniques by WD Gann are widely seen as innovative and are still studied and used by traders today. He used angles and various geometric constructions. Gann angles divide time and price into proportionate parts and are often used to predict areas of support and resistance, key tops and bottoms and future price moves. The method is based on the notion that markets rotate from angle to angle and when an angle is broken, price moves towards the next one. Several angles together make up a Gann Fan.
The angles are drawn from the main tops and bottoms while the chart is scaled appropriately to ensure the market has a square relationship. The most noteworthy angle is the 1x1 or the 45° angle, which represents one unit of price for one unit of time. A change in the direction of price is expected when the market reaches an equal unit of time and price, up or down. TradingView has a smart drawing tool called the Gann Fan to apply several Gann angles to the chart and other tools like the Gann Box and the Gann Square to visually identify key levels on a chart.
This is a final test for the script and I have to say its pretty incredible. Bonfire Vibration adapts to forecast big movement, pivots, trends, levels of support /resistance and intuitive Bonfire MA's. Publishing the chart will not show this adaptation as indicators are locked.
Great for confluence along with Bonfire and/or your TA to confirm price...
I believe AMX is setting up for something long term. With the recent interest in GOLD and pricing. The demand is increasing and therefore the search for production. AMX seems to be releasing positive news and pricing will likely take off once mining production commences.
Trade Safe
M~
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