Indicators

Gann Square Root

Developer: FXCM

The use of square root relationships in market analysis is an often overlooked method of identifying potentially important inflection points in price. Despite infrequent use, square root relationships are considered by some traders to be one of the easiest and most reliable methods of identifying potential support and resistance points in just about any freely traded instrument.

The Gann Square Root indicator is based on the analysis of 20th-century trader WD Gann, who pioneered the use of these square root relationships in trading. The square root levels produced by this indicator can help to identify important support and resistance levels for any instrument you are trading. 

The use of square root relationships in market analysis is an often overlooked method of identifying potentially important inflection points in price. 

INPUTS

The following are inputs available in the application:

Calculation Settings

  • Calculate from High or Low?: Set if the square root relationships lines will be drawn from a high or low.
  • Numbers of Bars to Look Back: Set how many bars the indicator will look to identify the high/low.

Line Settings

  • Number of Lines: Select how many square root relationships lines will be drawn
  • Line Color: Set the color of the square root relationship lines
  • Line Width: Set the width of the square root relationship lines
  • Line Style: Set the style of the square root relationship lines

Label Settings

  • Display Price Labels: If true, price labels will be drawn near each line
  • Label Color: Set the color of the labels
  • Label Font Size: Set the font size of the labels
Risk Disclaimer

The application displayed on this page does not take in to consideration your individual personal circumstances and trading objectives. Therefore it should not be considered as a personal recommendation or investment advice. Past performance is not indicative of future results. There is no guarantee that the systems, trading techniques, trading methods, and/or indicators will result in profits or not result in losses.

Requirements

This Indicator is only compatible with FXCM Trading Station Desktop software. Additionally, an FXCM account is required (including free FXCM demo accounts).