What charting software gives one(time) on one(price) view feature?

[Simon_2211]

Hi Guys,

Thanks for reading this thread.

Can someone please tell me which charting software has one(time) on one(price) feature so time is equal to price, as I do not have the time to look through all of them on the market but only a few of them.

Any help will be much appreciated.

Regards

Simon

 

[tech/a]

Re: What charting software gives one(time) on one(price) view feature

You're only speaking of scaling.

Most do Arithmetic or semi log. Metastock certainly does.

 

[theasxgorilla]

Re: What charting software gives one(time) on one(price) view feature

Are you describing something that will display a "perfect" 1x1 Gann Angle? ie. 1 price unit = 1 time unit?

 

[Simon_2211]

Re: What charting software gives one(time) on one(price) view feature

Are you describing something that will display a "perfect" 1x1 Gann Angle? ie. 1 price unit = 1 time unit?

Yes AsxGorilla,

It will be used for Gann calculations but would like to have a 1x1 display in chart format.

Regards

Simon

 

[Simon_2211]

Re: What charting software gives one(time) on one(price) view feature

You're only speaking of scaling.

Most do Arithmetic or semi log. Metastock certainly does.

Thanks for the reply tech/a.

Yes but can you adjust with Metastock time and price to make it 1x1.

Regards

Simon

 

[theasxgorilla]

Re: What charting software gives one(time) on one(price) view feature

When I was first trying to understand Gann angles I had this exact connundrum. I just wanted the charting package to give me the perfect 45-degree angle 1x1 line. Unfortunately I never found one!

A rule of thumb that I use for getting the price-unit right is to presume that a lot of things fall down the 4x1 line. I draw parallel speed lines along the promient price falls and then I'll put a Gann angle on the chart and adjust the price-unit until the 4x1 line runs parallel to the speed angle.

Once you have the price-unit and you know your time unit as your chart will be either a daily, hourly, 15-minute etc. then you can calculate most other things.

TheASXGorilla.

 

[tech/a]

Re: What charting software gives one(time) on one(price) view feature

Simon.

It appears that Gorilla boy has fathomed what your trying to do.

I've never come across it either.Infact I cant see how you could do it as time is constant and price is anything but.

The whole idea as I understand it is that both time and price will return to the mean if skewed.If price moves well out of line to time it will eventually return to time and vice versa.Hence the 45 degrees.

Infact thinking about it if all was scaled to meet 45 degrees the skewness couldnt be seen and as such would be of little value.---dont you think?

 

[wayneL]

Re: What charting software gives one(time) on one(price) view feature

Regarding this 1:1 ratio. I don't see how it can apply in the real world.

Take 2 extreme cases:

1/ A $1 stock would require a 100% move to move $1

2/ A $100 stock only needs 1% move to move $1

The time scale should be entirely different in these 2 instances to get some form of relevant 45 degree angle... and this would be entirely arbitrary.

Am I missing something?

 

[theasxgorilla]

Re: What charting software gives one(time) on one(price) view feature

As the concept stems from Gann and hence pre-charting software the idea is actually based on a piece of charting paper with perfect squares.

For your example WayneL, in each square on the y-axis you would plot $1, $2, $3 etc. up to $100. One the x-axis you'd plot time...eg. daily, 1 trading day per square.

If you now draw a line at 45 degrees from 0,0 in the lower left hand corner out to the top right you have the Gann 1x1 line. The idea is that at the 1x1 line price and time are "squared" ie. price phase = time phase. A loose trading rule says that when price is above the 1x1 line from the previous major low, trade long, below that, don't trade long.

Tech/a and WayneL you are both correct. As the price moves so does the relative percentage change. As price doubles the relative time to appreciate that amount halves. This is the reason why the price-unit of the Gann angle must be re-adjusted as price moves and why it is most effective when being drawn from previous major peaks and troughs.

 

[yogi-in-oz]

Re: What charting software gives one(time) on one(price) view feature

As the concept stems from Gann and hence pre-charting software the idea is actually based on a piece of charting paper with perfect squares.

For your example WayneL, in each square on the y-axis you would plot $1, $2, $3 etc. up to $100. One the x-axis you'd plot time...eg. daily, 1 trading day per square.

If you now draw a line at 45 degrees from 0,0 in the lower left hand corner out to the top right you have the Gann 1x1 line. The idea is that at the 1x1 line price and time are "squared" ie. price phase = time phase. A loose trading rule says that when price is above the 1x1 line from the previous major low, trade long, below that, don't trade long.

Tech/a and WayneL you are both correct. As the price moves so does the relative percentage change. As price doubles the relative time to appreciate that amount halves. This is the reason why the price-unit of the Gann angle must be re-adjusted as price moves and why it is most effective when being drawn from previous major peaks and troughs.

..... which is also why, correct speed lines are more useful
to short-term traders, in any time-frame, as it can take a
very long time for many markets to breach the 1 x 1 or
45* line, either way.

happy days

yogi

 

[Simon_2211]

Re: What charting software gives one(time) on one(price) view feature

Thank you all for all your comments.