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Gann Swing

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Summary: The Gann Swing indicator tries to identify entry and exit signals based on how the price action interacts with the simple moving average.
Gann Swing on the Charts
The indicator provides indications of the trend direction in a similar manner to the PSAR. It also provides potential entry and exit signals based on where the candle closes in relation to the identified trend direction and moving average value.
This indicator works well in trending markets, but is prone to false signals in ranging markets. A confirmation indicator is recommended to filter out these false signals.
Products & Properties
The following properties are available to access:
Product Name Product Variable Properties
GannSwing GannSwing bgSig, dnTrend, upTrend
upTrend and dnTrend have the potential value of true and false, depending on the identified trend direction.
bgSig has values of 1 or -1 depending on if a buy or sell signal is given, otherwise it will have a value of 0.
The parameters of the indicator's calculations can be changed by locating and opening the Javascript Code under Data Building Procedure -> Procedure Loop under the "Gann Swing" Procedure Loop.
Example:
A simple entry point for a trade could be when the bgSig record has a value of 1:
 chart.at01hs.GannSwing.bgSig == 1
Maintainer:
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MavilimW