Magazine article Modern Trader

Ganntrader II

Magazine article Modern Trader

Ganntrader II

Article excerpt

Ganntrader II Gannsoft Publishing 11670 River Bend Dr. Leavenworth, Wash. 98826 (509) 548-5990 Requirements: IBM PC, XT, AT or PS/2 with 640 K; floppy drive and hard disk recommended; EGA, VGA or Hercules graphics: DOS 2.0 or higher. Cost: $1,295 W.D. Gann seemed to have a line for every occasion. He drew angle lines of many different degrees and from many points on his charts. He drew lines to square price and time and to track movement of the planets.

Gann followers who do not like calculating and plotting all these lines but do want to follow them will enjoy the Ganntrader II package. The software is a powerful charting tool that combines most of the techniques Gann espoused with good graphic quality and printing capabilities.

The most widely known Gann technique is the angle line. With Ganntrader II, these lines are easy to chart. After selecting the unit for the 1 x 1 scale, you select preprogrammed function keys to draw any combination of lines (1 x 1, 1 x 2, 2 x 1, etc.). The program not only draws lines from highs and lows but also draws what Gann called "true trendlines" from any point on the chart.

The software automatically selects important highs and lows, subject to user-defined tolerances, and draws angle lines from these points. It also draws angle lines from cycle highs and lows based on the important angles of a circle (45, 60 and 72 degrees). From any point, the program will search back for dates that are multiples of 45, 60 and 72 days. It then draws angle lines from these points.

A popular strategy for Gann traders is the squaring of price and time: drawing a box on the chart with the same number of units to the right in time as the up-down move in price.

You can either select the scale for the unit price or leave it to a default value. The permanent squares Gann used are preset and drawn simply by pressing a number key. …

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