The 1.38 should be 1.2345 (pink expansion). This is just a test with expansions of fib ratios by drawing squares around the circles...and expanding from there. I goofed up the lines a bit. The ratios are right but the joining colors are out of sync. Just change them if you want.
Here's one way of finding the scale of a chart. I set four arrow tool lines together. 2 vertical and 2 horizontal by their coordinates in the format section. Then I place a circle so the arrows touch it at the top and bottom right (in the pic). I set the circle to the horizontal length first, then readjust the vertical arrow length. The fib speed arc always keeps...
Look at the precision on the arcs. Same ratio for all 3 wedges. I carried it through one more time for the prediction. Marked on the chart.
These are much more accurate than the pitchfan, especially for setting the angle. This is an almost perfect 1:1 scale setting, so the distances are accurate also.
Sorry, THIS IS NOT THE GANN FAN. IT'S THE FIB SPEED RESISTANCE FAN...redone in 7.5 degree spreads. The lowest angle is actually a 3.25 (extra). To turn the fan backwards and keep the same angle settings just use the purple lines. They are set for the 1 line (orange 45 degree line) to match when they are square...1:1 If you change the size of the fan the angles...
THE ANGLES IN DEGREES ARE OVER THE LINES. If you take the price/bars = y/x and arctan y/x gives the angle in degrees. Now take the y/r or price/distance and the arcsine of that ratio gives the angle in degrees also. The arctan and arcsine degrees agree. Also if you take 6 radius legs from a circle center to the circle itself, they measure the same...
The real data has been turned off to show the DISTANCES (not ratios) on the circle. These circle sizes were set because they repeat. The Arrow tool was precisely centered and used to measure them. There is a tolerance of about 1 price unit at 400 distance. They should really offer a 1:1 setting automatically. No more 1/2 circles either. Accuracy, protractors,...
This is the best so far. At least the speed resistance fans can be flipped and cloned easily. The fib circles are awful for accuracy, changing shape...and setting is also difficult. The ideal tool...a speed resistance fan in a COMPLETE circle with circles that can be adjust manually and by ratio..also a readout for the distances on the arcs if desired...2nd...
I was having major problems with the fib circles not holding their shape and losing their points so I converted all the ratios to the fib wedges. I wish they would make the wedges a full circle though. It would make life a lot easier. Should make it to 569.4 See if I'm right
Just put a copy in the object tree so you don't screw up. The arrow radius distances will be the same as the circles.
I cloned the protractor that is showing and put a copy in the object tree. There is also a perfect inverted protractor in there. If you measure any distances with the circular (not elliptical arcs) they will agree with the arrow tool. It's strange but the same ratios that I used on the BTCUSD 1 minute are showing up at this scale on this chart. ?? Not really...
I've done a newer chart on this up higher with the Fib speed arcs (perfect circular arcs). It should be slightly more accurate than this, although the scale lock problem may have to be checked. Sometimes it loses it's perfect setting. This supposedly is what Gann meant. 1 day = 1 price unit. The arrow tool and fib circle can now correlate. All the settings for...
The entire 1 minute chart was checked for angles. I also found consistent channel sizes. Use it if you want. Just "make it mine".
Just my best guess on it. I changed the channels from the previous chart to face more down. The angles are still the same. Predicting exact price positions is going to miss 90% of the time. I just like to give it a shot.
Just proves a point. The geometry on the weekly is exactly the same as the geometry on the 1 minute charts. Channels work, angles. I haven't tried arcs yet, but I am pretty sure the whole geometry program stays intact.
Just saving this in case I lose it. If you want to experiment with it and don't want all the circles in the way, just "make it mine" and hide the circles (several are with one fib circle). HPQ should go up just a bit more, then drop.
This holds some promise for picking direction. It's not a perfect match. I place the polyline right on the cycle lines to show the jist of it. Hope that helps.
I publish these mostly because I hate losing my charts to an accidental "k" for kellogg's computer screw up. The arcs were made circular with the projection tool. If you make it mine you may have to check with the projection tool on the fib circle to make sure it held it's arc. The scale set doesn't hold a scale LOCK properly. There's a huge arc that goes around...