Can you please suggest reading material for the theory behind this indicator? or provide equations used in calculation?
nvish121
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@golhare, plz sir suggest the idea for very good accurate results
vinayak61
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what if the price opens at lower or upper target.Should i wait till the entry level. pl guide.
pbghosh
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@vinayak61, According to GANN principle, you have to trade as per the direction given by the indicator. Otherwise, if you can trade using price action principles, then trading can be done from any level based on the price action/candlestick patterns.
ssrsindiagst
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@pbghosh, sir, what is the basis of the formula of Gann Angles with Volatility ? please guide
pbghosh
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@ssrsindiagst, This study is based on Gann Angles principle. Therefore, you have to understand this principle first and then you can understand the basis of this study.
Nice Study. I tried to convert it to Strategy to do some backtesting, added lines below, it enters the longs/shorts, however doesnt seem to recognize the Targets. is it bcoz the cycle could vary each day ?
// enter long strategy
strategy.entry("buy", strategy.long , when=(crossover(close, buyAbove) and year==2020 and month >=12 and dayofmonth >= 22))
strategy.exit("buy", loss=sellBelow, profit=buytarget1)
// enter Short strategy
strategy.entry("sell", strategy.short , when=(crossunder(close, sellBelow) and year==2020 and month >=12 and dayofmonth >= 22))
strategy.exit("sell", loss=buyAbove, profit=sellTarget1)