Quarter Circles

Whilst Gann referred a lot to Circles within Square and Squaring time and the Square of Nine etc.

Various other authors use Quarter Circles along with Gann Squares e.g.Gunner24. In that case Quarter Circles are used to interpret Support and Resistance moves within a Gann Square and to scale the Square off the first impulse wave.

Michael Jenkins sometimes uses part circles on his charts by taking the Square roots of certain numbers.

Pyrapoint is a Gann theory derived tool developed based on the work of Don.E.Hall which uses Pythagorean Square Root Theory.

What these Gann related tools and methods try to pick up as a basis for further projections of price action is the mathematical relationship emanating from the first impulse wave of a price action move. Whilst not getting into Elliott waves theory, there are certain Fibonacci ratios emanating from some waves allowing subsequent price action waves likely place and time to be mathematically projected.

In the Gann Square indicator I added Quarter Circles. You will note the formulas in the Bullscript are based on simultaneous square roots of price and time coordinates.

The only issue in the way I have written the Bullscript code is that the forecast period must be divisible by 4 to fully form the Quarter Cycles on the indicator on the chart. If the time bars produces fractions of a bar at the Quarter marks in time e.g. a forecast period of 39 days divisible by 4 is not a whole number for a time bar location then some parts of the Quarter Circle towards the bottom of the horizontal axis will not form. If that is a distraction go into indicator styles and untick the quarter circle not forming.

Below are examples of using a first impulse wave to the first Gann Square indicator or to the first quarter circle as the guide to set up the scaling framework for the complete projection of the fully Gann Square framework which probably has a mathematical relationship to the first impulse wave. It is a bit trial and error to get right but once set up the Gann Square really does not need to be moved on a chart or rescaled for some time.

Edited by cmacdon - 13 Oct 2014 at 1:59am