Gann Market Model
June 25, 2018, 9:02 AM
Indicators
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This Indicator designed by Marcus Schöppl shows the different market conditions by 50, 100 and 200 days. this are the most important parameters in investing.
The value of 3 ist the top score in a bull market without correction and so on.
//short term
a1= ExponentialAverage[50](high)[1]
b1=ExponentialAverage[50](low)[1]
if customclose > a1 then
c1 = 1
Else
IF customclose < b1 then
c1=-1
endif
ENDIF
if c1= -1 then
D1 = a1
ELSE
D1=b1
endif
a2= ExponentialAverage[100](high)[1]
b2=ExponentialAverage[100](low)[1]
if customclose > a2 then
c2 = 1
Else
IF customclose < b2 then
c2=-1
endif
ENDIF
if c2= -1 then
D2 = a2
ELSE
D2=b2
endif
a3= ExponentialAverage[200](high)[1]
b3=ExponentialAverage[200](low)[1]
if customclose > a3 then
c3 = 1
Else
IF customclose < b3 then
c3=-1
endif
ENDIF
if c3= -1 then
D3 = a3
ELSE
D3=b3
endif
if D1 < close then
result = 1
else
result = 0
endif
if D2 < close then
result1 = 1
else
result1 = 0
endif
if D3 < close then
result2 = 1
else
result2 = 0
endif
c10 = (result+result1+result2)
return c10,0,1,2,3
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Filename:
Gann-Market-Model.itf
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