Add Gann Retracement
To add a Gann retracement:
- Select the Gann Retracement tool in one of the following ways:
- On the toolbar, point to the Add Gann arrow
, and then click Add Gann Retracement.
To choose the drawing mode, point to Add Gann
Retracement and then click the necessary mode.
- On the Insert menu, point to Gann, and then click Add Gann
Retracement.
- Right-click in the chart, point to Chart Elements on the shortcut menu, and
then click Add Gann Retracement.
- Press ALT+G.
* In the E*TRADE FX platform, you can also select the tool in the following way:
On the Charts menu, point to Insert, point to Gann, and then
click Add Gann Retracement.
- Point to the place on the chart where the 100.00% level will start and drag the pointer
to the place where the 0.00% level will end. All the other levels are drawn
automatically between these levels.
The points will be automatically adjusted according to the selected
drawing mode if necessary.
The Add Gann Retracement dialog box will appear.
- Change the Gann retracement levels on the Levels tab if necessary:
- To change the set of Gann retracement levels the lines of which will be displayed,
select and/or clear the appropriate check boxes.
Notes:
- To select the full set of levels, click Select All.
- To clear the selection of levels, click Clear All. Note that to show a
Gann retracement on the chart, at least one level must be selected.
- To edit a level, click the appropriate row, double-click the current value, type
your value in the format 0.0000, and then press ENTER.
- To add a level, click Add. An empty row will be added to the table. Type your
value in the format 0.0000, and then press ENTER.
- To remove a level, click the appropriate row in the table, and then click
Delete.
- To sort the levels in ascending order, click Sort.
- To change the style of level lines, in the appropriate boxes, click the color, style
and width of your choice.
- To show the Gann retracement in background, select the Show in background
check box. Otherwise, clear the check box.
- Change the Gann retracement parameters on the Parameters tab if necessary:
- To change the name of the Gann retracement, in the Name box type a new name.
Note: To reset the Gann retracement name to default, click Reset.
- To extend the level lines to the left, select the Extend start check box.
Otherwise, clear the check box.
- To extend the level lines to the right, select the Extend end check box.
Otherwise, clear the check box.
- To show the Gann retracement label, select the Show label check box.
Otherwise, clear the check box.
- To show levels in the legend of the level lines, select the Show level check
box. Otherwise, clear the check box.
- To change the color of the legend level, click the color of your choice in the
appropriate box.
- To show prices in the legend of the level lines, select the Show price check
box. Otherwise, clear the check box.
- To change the color of the legend price, click the color of your choice in the
appropriate box.
- To change the alignment of the legend, in the Alignment box, select the
alignment of your choice.
- Change the Gann retracement position on the Position tab if necessary:
- To change the price and date and time at which the the 100.00% level starts or 0.00%
level ends, in the appropriate Rate and Date boxes, select or type the
necessary price and date and time.
Notes:
- To apply the changed properties (except the name) to all further Gann retracements
by default, click Set as Default.
- To reset factory settings for the Gann retracement, click Reset.
- Click OK.
Notes:
- You can use the Gann Retracement tool until tools timeout expires. To change tools
timeout, see General Options.
- To deselect the Gann Retracement tool, do the same actions as for selecting the tool or
one of the following:
- Right-click in the chart.
- Press ESC.
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