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Advanced GET Trading Strategies

Overview of Auto Gann Angle

By

Marc Rinehart

Auto Gann uses an Advanced GET

algorithm attempting to define and display
relevant Gann angles available for an
immediate price range. It was developed
to simplify the Gann angle application.
One benefit of using Auto Gann is that
the only Gann angles displayed on a chart
will be those angles coming into the area
where the immediate price is located. All
other Gann angles outside that range are
filtered out. This makes charts more
useful for analysis when less cluttered.
One negative of seeing only the
closest Gann angles is that the user sees
incomplete Gann angle relationships. It,
therefore, becomes harder to anticipate
how and when other angles will later
appear, and how they play into a current
trade strategy. It would be compared to
traveling; you should look at the entire
map not just part of it. You arrive at your
destination but not without challenges
when glancing at only part of a map.
One way to use the Auto Gann tool is
as a secondary tool for Type 1 or 2
setups. Say you combine tools and
studies to identify a trade setup, yet some
questions still exist. Try adding Auto Gann and helpful support or resistance
angles appear, improving clarity and confidence for a trade strategy.

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The Auto Gann tool can also be used with momentum trade setups. The General Electric charts
show an example of where an interesting array of Auto Gann 1x4 angles initially provides an
attractive picture when combined with Fib retracement and MOB support. Later the same 1x4 angle
continues to provide additional support on pullbacks within this trending stock. Notice as momentum
begins to pick up, a combination of the Ellipse study with the Auto Gann 1x4 angles worked well.

One method of applying the Auto Gann tool is to experiment with existing data for which
combination works best, then apply it and toggle Off in the property menu the rest for a less
cluttered analysis. With the Auto Gann tool, you have complete control of where angles originate,
which pivots to use, and whether to use up or down directed angles. You can select 1x1, 1x2, 1x4,
2x1 and 4x1 angles. You can select Primary, Major, Intermediate and Minor pivots to display angles.
You can select angle directions, up or down angles, or both directions.
One important selection in the Auto Gann menu is called Target %. The Target % is defined as,
"a multiple of the range of the last bar." The Target % determines how narrow or wide the Gann
angle range will be. For example, the default is 100%, and which means the range of the last bar is
multiplied by a factor of 1. Gann angles within the percentage range of 1 turned On are displayed.
Changing the Target % reduces or widens a trading range and can determine how many angles will
be displayed on a chart. If not many angles appear, try increasing the Target %.

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To become more familiar with how the Target % affects the number of Auto Gann angles
displayed, experiment with the various target ranges. Experimenting with Target % settings can
identify which price range brings out and identifies Gann angles producing the best results. Try
widening the Target % to values such as 200, 250, 300, 350, 400, 500, etc. To keep a narrow price
range for Auto Gann, use a Target % with a default of 100.
Auto Gann has a Scale of 1 for its default. The Scale selection allows manual input for any Gann
angle scale one desires to use so long as it is a whole number. Type in the value you desire and see
what the Gann angle looks like with that scale value. Experiment with a scale setting until satisfied.

If using a scale that generates few or zero Auto Gann angles, consider using the Optimize
feature. It is an exceptional algorithm that forces the Gann angles to recalculate to identify a best fit
optimization or a new Scale setting where angles catch more of the price pivot swings.
While some prefer an Auto Gann angle scale of 1, an Auto Gann optimization routine makes
accommodations for price variations often associated with stocks, indices, spreads and cross-rates.
This Optimize routine generates improved results rather than sticking to preconceived or canned
calculation values.
Another important feature in the Auto Gann menu is the Pivot Types selection. The Pivot Types
selection defines what pivot points to use when calculating the Auto Gann angles. The default is set
to primary (P) and major (J) pivots. Primary and major pivots are the strongest price pivot swings, so

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Gann angles originating from primary lows or highs have greater priority when defining the future path
of a trader's emotional cycle.
All Gann angles provide some degree of
support and resistance for price swings. A
hierarchy would suggest angles such as
those coming from primary or major pivots
typically provide stronger support or
resistance. If a primary or major pivot
selection does not provide quality Gann
angles, then consider adding the intermediate
(I) and minor (M) pivots. Gann angles
generated using a lower level pivot have less
significance, yet if it is all you have to work
with then it is worthy of being added in the
analysis. Just remember any intermediate or
minor Gann angle generated using Auto
Gann has less strength, providing less
dependable and less significant Gann Angle
support or resistance for a trade setup.
In the Auto Gann tool is a Direction selection. This feature is designed to show Gann angles
moving within a defined target range and only moving in either up and down, or up, or down angle
direction(s). This feature is designed so unnecessary directional angles could be eliminated.
When the Auto Gann analyzes the chart it will be following one of these conditions: It has either
been trending up or down, or in a range trading pattern. If it is trending up, up angles may be all that
is needed. If in a downtrend, down angles may be all needed. If range trading, both up and down
directions provide useful angles.
A tip when using this feature-- when first testing Auto Gann angles, consider leaving angle
direction set to On. Observe which direction displays the strongest and most useful angles. Then
consider toggling Off the direction not providing significant angles. Experiment with expanding the
Trading % before eliminating a direction setting. Expanding the Trading % range may add more
useful angles previously not seen, and it may compel you to leave a directional setting alone. If the
angles added are of marginal value, then just return the Trading % to the previous and toggle Off
the unnecessary direction.
The Auto Optimize selection allows for a new Gann angle optimization any time a chart is reloaded. If you are going to optimize anyway, use this feature.
Finally, if for some reason the optimization routine is not generating good angles, experiment with
manually generated values. One experimental method is to turn On all angles, directions and
pivots, and experiment with various values until those angles are picking off all the significant or
stronger pivot swing areas. If you find settings that pick off bigger swings, those manual Auto Gann
settings are worth continuing to apply to that stock, index, spread or cross-rate chart.
The Auto Gann really is a great feature because it can quickly provide the relevant, automatically
drawn Gann angles to your analysis. It can simplify the complexity often associated with the use of
Gann angles in technical analysis. Always remember, the Advanced GET Auto Gann tool should
never be considered a permanent replacement for tried and true Gann methods, and do not overlook
other quality Advanced GET Gann tools such as the Gann Box tool.