Telling my 8 years of experience in 5 min. A thread on how to find out high and lows of stock market.
We have seen two types of solar dates; Static(Stable) and dynamic solar dates. As per gann, the year is supposed to begin with 21st March, not 1st January.
In the calculation of seasonal time periods, we do not start calculating time from Jan 1 but calculate the time periods from the date when the Spring season starts on March 21st.
-- 4 seasons in the Year --
• 21st March
• 21st June
• 23rd September
• 22nd December
How to Get Static (Stable) Days?
The average number of days in a year is 365.256.
Divide it by 360. It comes out to be 1.0146, So one degree = 1.0146 days.
Static degrees when the market may change drastically may occur, are 30, 45, 60, 72, 90, 120, 135, 150, 180, 210, 225, 240, 252, 270, 288, 300, 315, 330, and 360 degrees.
Now, you can divide the days by 1.0146 and the date and month will come out.
Example:- 30 x 1.0146 = 30.438 comes out to be 21st March + degree = 20th April.
Dynamic Days:
Similarly, the dynamic days are calculated but keep the highs and lows in mind.
A trader should be cautious on these days because a trend may change drastically on these days. Although these are just calculations,but these days have proved to be accurate so far . So, you can calculate these dates for yourself and be cautious on these days.
Therefore , in this thread, we have tried to understand how Gann Dates work and their effect on your trading.
I hope you all learn something new today. I post such threads every week.
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The next step is to select any major swing high or swing low on the chart from which you draw the Gann fan angle. Once you've selected your swing low point, simply use the Trend Angle tool and draw a 45-degree right angle.
(2/n)
Now in next step, Use the gann fan indicator, which is located on the left side panel of trading view. Simply place the Gann Fan Indicator on the chart. Make sure it overlays on top of the 45-degree line you drew earlier. The (1/1) line must be exactly on the 45 degree line.