Here’s how to employ the GANN Calculator effectively:
The calculator will then compute the GANN angles relative to the last traded price or the average traded price, providing you with clear levels for buying or short selling, along with target and stop-loss points.
As an illustrative example of trading using the GANN Calculator:
On the 8th of September 2023, we executed a trade in Nifty futures. After confirming that the price stood at 19831, we input this value into our calculator and initiated the calculation.
The GANN Square of 9 Calculator yielded the following trading levels:
We placed two bracket orders for both the buy and sell levels. The buy order was triggered, and we subsequently canceled the short sell order.
The Concept of SAR:
This concept is called Stop And Reverse i.e. SAR.
It means if the stop loss of one trade is triggered, it initiates the opposite trade immedaitely.