The following information is a direct copy of the frontend documentation
that is a part of the Fib-GannFan-Manual application/indicator for
for the Omega/Tradestation TS2000i or TS6-8 applications.
This application provides the user with a simple tool for
looking
at Fibonacci projections in price and to look at information that
is contained in a so called Gann Fan and optionally to produce
one or more Andrews Pitchfork displays and possibly a
series
of DGL (Dynamic Gann Lines per Don Fisher).
The method used to specify the zone from which to compute the values
for the projected Fibonacci ratio lines and the Gann Fan lines is unique
in that all you have to do is draw a trendline, edit the line to specify the
color if necessary, and install the indicator and define in an input
parameter the color of the line to use for computation of the ratios/fans.
The method also offers the ability to take the ratios from ANY line that
is drawn on the chart rather than the one from which the projection is
to be made.
As is true of all our applications, the source code is open and
organized such that you can add to or delete from that code
whatever best fits your needs.
Thanks for examining this application.
Clyde Lee, Chairman/CEO
SYTECH Corporation
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{Fib-GannFan-Manual -- Indicator FOR TS2K, TS8.0
Author: Clyde Lee, Copyright © 2002
General: 1. Construct a "Gann" fan based on selected swing legs.
2. Construct a "Fibonacci" price sequence based on same.
3. Construct one or more Andrews Pitchfork(s) based on
primary line and a start point for each ML to be drawn.
Purpose: This indicator provides an easy method of specifying the location
and extent of a swing leg from which a projection of Fib lines
and Gann Fan lines are to be drawn.
A trendline is drawn from the top of a swing leg to the bottom of
the swing leg (or bottom to top if appropriate) and edited to have
a unique color among trendlines.
The indicator has the ability to calculate the price range, the
number of bars in the specified leg and to compute the slope of
the projections based on either a "primary" or an "Alternate" swing
leg.
The "primary" leg is the leg from which (at the end of the leg) the
projection of the Fib lines and the Gann Fan lines are to be made.
Miners gives an alternate measure for projection and this is
called the "Alternate" leg. This is a swing leg drawn from the
3rd pivot back (A) and connecting to the beginning of the "primary"
leg (B).
B C
/\ /\
/ \ / \
/ \ / \
/ \ A /
/ \Primary \ /
/ \ \Alternate /
/Alternate \ \ /Primary
/ \ \ /
A \ \ /
\ / \ /
\ / \ /
\/ \/
C B
In the above illustration the B-C leg is the PRIMARY leg and
the A-B leg is the Alternate leg.
If you draw a primary and a Alternate leg then it is most
important that each be drawn with a different color. I
normally use BLUE for the PRIMARY leg and RED for Alternate.
Please note that even if you draw a Alternate leg it will
NOT be used unless you specify a value in the AltColor
input parameter.
Fib lines (if UseSpirl is false) are drawn of ratios of:
0.000, 0.250, 0.382, 0.500, 0.618,
0.786, 1,000, 1.382, 1.618, 2.000
Otherwise they are drawn with ratios of:
0.000, 0.236, 0.300, 0.382, 0.486,
0.618, 0.786, 1.000, 1.272, 1.618, 2.058
Gann Fan lines are drawn at ratios (relative to the slope of
the selected "primary" or "alternate" leg) of:
8/1, 4/1, 2/1, 1/1, 1/2, 1/4, 1/8
Changes in or expansion of these ratios can be readily made
in the source code of this indicator.
The ability to draw one or more Andrews pitchforks based on
the line drawn as the "primary" line and one or more beginning
points for the median line can be constructed.
The point(s) selected for the beginning of the Andrews ML are
marked (using the text drawing tool) with a single ALPHABETIC
character placed at selected point(s) to the left of the middle
of the "primary" line. The Median Line(s) will be drawn from
the bottom left of the alphabetic character through the middle
of the "primary" line and parallels to the ML will be drawn
from each end of the "primary" line.
How to: Draw a trendline from the top to bottom or bottom to top
of the swing which you wish to have a projection made from
the end of that swing leg.
Edit the "trendline" that was drawn and assign it a unique
color for trendlines that may be on your chart.
If you wish to have projections made on an "alternate" basis
then draw another trendline which connects to the beginning
of the first line you drew. Edit this trendline and assign
it a color unique to that trendline.
Insert the indicator into the chart and specify the values
for the colors of the trendlines of interest.
If the indicator is already on the chart then simply go to
REFORMAT INDICATOR and turn the indicator off and then back
on and it will plot.
For an Andrews fork it is necessary to indicate on the chart
(using the text drawing tool) the beginning of the ML for
the fork by typing a single character at the point for the
beginning of the ML. Then it is necessary to specify in the
MLBegin parameter the character(s) used for the one or more
ML beginning points. Make sure the characters used do not
appear anywhere else on the chart.
NOTE: THE COLORS OF THE PROJECTED FIB AND GANN FAN LINES ARE THE
SAME AS THE COLOR OF THE TRENDLINE WHICH IS USED FOR
CALCULATING THE PROJECTIONS.
= = = = = = = INFO ON DGL APPROACH = = = = = = = = = = = = =
From the site: http://members.aol.com/ganntrader/info.txt
you may obtain extensive information on the DGL concept
as advanced by Don Fisher.
Note: Not being familiar with Don Fisher's work, a friend who used
my LOS+AndrewsPitchfork routine suggested that the equivalent
of the DGL lines could be accomplished by just plotting a
series of lines which began at the A point of an Andrews
fork definition to points on the BC line of this setup
such that the BC line was divided into intervals of 1/8, 2/8,
3/8,..... or by commonly used fib numbers. This is what was
done and although it appears to me to represent EXACTLY the
lines which are shown in some presentations of DGL's I cannot
guarantee you that the computation is the same as what Don
Fisher uses since the formula for computation does not appear
in his public web site so far as I can determine.
The default parameters are setup to draw a DGL fan using
a blue line and a MB begin point based on the close of a bar
where the user places an "a" .
= = = = = = = END INFO ON DGL = = = = = = = = = = = = =
}
Inputs: PriColor(Tool_Blue);{Color used for the primary leg trendlines}
{Can be set to zero if not other trends }
{are drawn manually. }
{If a plotting of FIB values based on the }
{difference in prices of the Primary or }
{LAST leg then the next (AltColor) input }
{must be set to zero and this set to the }
{color of the trendlines or to ZERO if it }
{is not necessary to distinguish the }
{trendlines because of other manual trends}
{that are drawn. }
Inputs: AltColor(0); {To use Miners alternate method of }
{computing Fib projections it is }
{necessary to draw the "alternate" legs }
{in a color different than that used for }
{the last leg(s) to be considered. }
{SET THIS VALUE TO ZERO for "normal" }
{i.e. Last Leg FIB computations and make }
{sure that the PRICOLOR parameter is set }
{to the color used for the last or }
{Primary legs. }
Inputs: FibBars( 0.03), {Use to setup fib computation & label }
{yy.ws = set fib line lengths to be yy }
{past last bar on chart. }
{0.ws = plot to end of chart. }
{w=line width 0-6 s=Style 1-5 }
{ Style Name Number }
{ Tool_Solid 1 (solid) }
{ Tool_Dashed 2 (dashed) }
{ Tool_Dotted 3 (dotted) }
{ Tool_Dashed2 4 (dashed pattern) }
{Tool_Dashed3 5 (dashed pattern) }
{** © 1987, 1999 Omega Research, Inc. ** }
{The Width/Style specs are used in fans. }
UseSpirl(True), {Set false to use conventional Fib ratios }
DoFork(False),
DoFib(False),
DoFan(False),
DGLDef(8.36); {Format: N.BE where: }
{ N=Total number of DGL Lines }
{ B=Beginning line to draw (1-8) }
{ E=Ending line to draw (B+1->8) }
{If this value is not ZERO then: }
{DoFan will be forced to be False and }
{DoFork will be forced to be TRUE }
Inputs: MLBegin("a"), {Set point(s) from which to draw Andrews }
{pitchfork median line to center of the }
{line drawn as the "primary" leg for the }
{analysis. }
{Color is Fib color + 1 }
UseClose(True);
Please review the following images for pictures of what this application can do.
The reference in the following charts to the "secondary" type of application is also called the "alternate" type of application in the documentation above.
The following example requires that the Fib-Gann.... indicator be applied to the chart as two seperate applications -- one without the secondary/alternate mode selected and one with.
The Andrews fork facility can be added to any of the fan lines and Fibonacci lines discussed in earlier graphics.
A maximum of 26 fans can be drawn at the same time by using the characters "a" thru "z" to designate starting points for Median Lines.
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