TradingView
bbrijesh
May 8, 2020 9:50 AM

Banknifty - Closing Below Gann Fan Short

Nifty Bank IndexNSE

Description

NSE:BANKNIFTY Momentum Short Setup
* Below 2/1 Gann Fan
* Trendline breakdown and resumption of momentum

Comment

Breaks previous swing low


Comments
Investogrow
if you have not abeen able to calbirate the scales V and H then this all worthless.
RyoujinHatake
@amitbajaj, do you know how to do that ? i tried setting it to Auto and to take the peak and lows, but somehow everytime i try it i get a different angle
Investogrow
@RyoujinHatake, Well you got the mistake, Actually you can not in Trading View. couple things one needs to do it, set initial prices level to zero means if listed price was 80, it should start at zero ( on price and time scale). then you need to put the ratio of point increased and time increased. The ratio must not change if you increase or decrse the zoom, you may try ganntrader but importing data, setting scale is tedious. The overall chart area must be a square not rectangle , so that you 45deg line accurate.
I feel manual is simple but again plotting it tedious.

Now i think gann angles are nothing but planetary ascedant or descant line, think yourself and you may also realize this that every trendline is like that.
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