It's just a very simply version.
Color even not very correct. I didn't write the price expand or other condition.
It's welcome if other guys want to write a full version.
If this kind chart is not from western.
Then I think it's qianlong platform's indicator. (QianLong means Money Dragon)
If you know the origin of tower line pelease comment to tell me. :3
U1 & D1 is for 2 bar break.
main stick is always drwan by close & close
If price is not u1 && d1
We use these rule.
If price after u1 then stop to break we still color it blue but make it flat top.
draw close & close
If price after d1 and stopped break we color it orange.
But the important thing is the color fill thing.
We need to adjust the color and fill...
Previous I'v already writed something about it.
I'v updated the detail in comment. In case you guys might not read it. I'm writing this new article
2bar's range break
U1=close>=close and close>=close ? 1 : 0
D1=close<=close and close<=close ? 1 : 0
Draw them with the color you like.
U1->D1 or d1->u1 1st break. Fill the lower gap under the break to...
It's something about two close price reverse.
It draw within bar.
Rule is within previous bar but higher than previous second bar.(In upmove)
Or within previous bar but lower than second previous bar.(In downtrend)
The within move is all flat.
All within bar's price is same when price first stop move.
Chart looks like this.
The interesting thing is that when...
The original gann line is exactly line with box. Or that box is with line.
45°line is very famous but many people don't know how to use it.
It's always 1° per day.
Ahhh but in gann box. That's a transpert plastic paper which like a rule to measure something.
Today I have a interesting idea. Maybe It can be adjusted!!!
To adjust it. You must know the cycle. e.g...
His original book said you must make 45deg line move 1 point a day. (I mean 1p=1usd)
AKA 7points a week on weekly chart.
But how do we adjust it to btc and other thing like futures?
It must be wrong to use 1 point as 45deg on btc.
IDK How we should adjust it. Maybe you guys have good ideas?
Please comment if you have your thoughts.
On the APPL it's two 45deg...
Well, I'm just say all of your indicators have the probability of fail.
And now. It's the critical time of both the momentum and volume indicator to both fail.
And your chart, your lines drawn by your hand. They all fail.
The trendline you drawn is usually invalid. So it's fail. Through it may useful.
But now. Anything seems not useful.
It's the hardest situation...
See your macd signal or see my beautiful blue macd.
It is the valid signal for very small cycle. But may not valid for big cycle.
Bigger cycle is down but it's now paused. So this rally is profitable if you want trade.
warn. This rally is really small. If you don't have experience for this small price action better igonre that signal.
This analysis is only valid...
As you can see I'v already spotted the resistance area on chart.
Don't be fooled by indicators.
Now The gann square is here.
5d 10d measure time.
1/2 is from my silly use of gann line. IDK what it is so it's a mysterious spot.
Seems it just a cycle. Then we should know that The gann angle is a measure tool ;-)
It's must not be the resistance speed line. The...
Through my chart looks messy.
But look the 1/3 line is the end of 90day!!!
I'v just read some information about angle line.
Gann said the 1:1 should through the 1/2 of price range which called the gravity center.
But he don't say how through. Through which point.
It it just go through the 1/2 of HL range and point is the highest price.
Just put the upper 1:2 line...
I'm really don't know how to use Gann square.
Do you guys know how to correct use it? Seem he call it the time & price calculator.
And the 1:1 aka 45degree line is true Moving average.
The information of how to use this is really rare.
But I see his square is always square. It's always 45day 90day or 144day.
Now I drawed a 90d square and I think The low is 20week...