Optuma GannTrader - The Ultimate Gann Based Software for Professional Traders
Gann Wheel Software: A Powerful Tool for Market Analysis
If you are interested in the trading methods of W.D. Gann, a legendary trader who predicted some of the biggest market movements in history, you might want to try out some of the gann wheel software available online. Gann wheel software is a type of application that helps you apply the principles of Gann analysis to any market and timeframe.
gann wheel software free download
Gann analysis is based on the idea that price and time are related by mathematical and geometrical laws. Gann used various tools, such as angles, squares, circles, and cycles, to identify the patterns and trends in the market. He also used astrological factors, such as solar and lunar cycles, to forecast future events.
One of the most famous tools that Gann used was the gann wheel, also known as the square of nine. The gann wheel is a 9x9 grid that contains numbers arranged in a spiral pattern. Each number represents a potential support or resistance level for the price movement. The center of the wheel is the starting point, and the numbers increase as they move outward. The gann wheel can be used to find the harmonic relationships between price and time, as well as to project future price levels based on past data.
How to Use Gann Wheel Software
There are different types of gann wheel software that you can download for free or purchase online. Some of them are standalone applications, while others are plugins or indicators for popular trading platforms, such as MetaTrader 4 or Optuma. Depending on the software you choose, you may have different features and options to customize your gann wheel analysis.
However, the basic steps to use gann wheel software are usually similar. Here are some general guidelines:
Choose a market and a timeframe that you want to analyze.
Select a starting point for your gann wheel. This can be a major high or low, a significant date, or any other reference point that you consider important.
Enter the starting point value and date into the software. The software will generate a gann wheel based on your input.
Adjust the size and scale of the gann wheel according to your preference. You can also change the color and style of the lines and numbers.
Overlay the gann wheel on your price chart and look for alignments and intersections between the price action and the gann wheel numbers. These can indicate potential turning points, trend changes, or continuation signals.
Use other tools and indicators, such as trend lines, Fibonacci retracements, or moving averages, to confirm your gann wheel analysis and to identify entry and exit points for your trades.
Benefits of Gann Wheel Software
Gann wheel software can provide you with several benefits for your trading and investing activities. Some of them are:
It can help you discover hidden patterns and cycles in the market that are not visible to the naked eye.
It can help you forecast future price movements based on past data and historical cycles.
It can help you find optimal entry and exit points for your trades based on support and resistance levels.
It can help you improve your risk management and money management by providing you with clear stop loss and take profit levels.
It can help you enhance your trading performance and profitability by giving you an edge over other traders who do not use gann wheel analysis.
Conclusion
Gann wheel software is a powerful tool for market analysis that can help you apply the trading methods of W.D. Gann to any market and timeframe. By using gann wheel software, you can uncover hidden patterns and cycles in the market, forecast future price movements, find optimal entry and exit points, improve your risk management, and enhance your trading performance. If you want to learn more about gann wheel software and how to use it effectively, you can download some of the free or paid options available online and start practicing with them today. 4e3182286b