Gann Swing Strategy [1 Bar - Multi Layer]

2 ago

Use this Strategy to Fine-tune inputs for your Gann swing strategy.

Strategy allows you to fine-tune the indicator for 1 TimeFrame at a time; cross Timeframe Input fine-tuning is done manually after exporting the chart data.


MEANINGFUL DESCRIPTION:

The Gann Swing Chart using the One-Bar type, also known as the Minor Trend Chart, is designed to follow single-bar movements in the market. It helps identify trends by tracking price movements. When the market makes a higher high than the previous bar from a low price, the One-Bar trend line moves up, indicating a new high and establishing the previous low as a One-Bar bottom. Conversely, when the market makes a lower low than the previous bar from a high price, the One-Bar swing line moves down, marking a new low and setting the previous high as a One-Bar top. The crossing of these swing tops and bottoms indicates a change in trend direction.


HOW TO USE THE INDICATOR / Gann-swing Strategy:

The indicator shows 1, 2, and 3-bar swings. The strategy triggers a buy when the price crosses the previously determined high.


HOW TO USE THE STRATEGY:

Strategy to Fine-Tune Inputs for Your Gann Swing Strategy
This strategy allows for the fine-tuning of indicators for one timeframe at a time. Cross-timeframe input fine-tuning is done manually after exporting the chart data.

Meaningful Description:
The Gann Swing Chart using the One-Bar type, also known as the Minor Trend Chart, is designed to follow single-bar movements in the market. It helps identify trends by tracking price movements. When the market makes a higher high than the previous bar from a low price, the One-Bar trend line moves up, indicating a new high and establishing the previous low as a One-Bar bottom. Conversely, when the market makes a lower low than the previous bar from a high price, the One-Bar swing line moves down, marking a new low and setting the previous high as a One-Bar top. The crossing of these swing tops and bottoms indicates a change in trend direction.

How to Use the Indicator / Gann-Swing Strategy:
The indicator shows 1, 2, and 3-bar swings. The strategy triggers a buy when the price crosses the previously determined high.

How to Use the Strategy:
The strategy initiates a buy if the price breaks 1, 2, or 3-bar highs, or any combination thereof. Use the inputs to determine which highs or lows need to be crossed for the strategy to go long or short.

ORIGINALITY & USEFULNESS:
The One-Bar Swing Chart stands out for its simplicity and effectiveness in capturing minor market trends. Developed by meomeo105, this Gann high and low algorithm forms the basis of the strategy. I used my approach to creating strategy out of Gann swing indicator.


DETAILED DESCRIPTION:

What is a Swing Chart?

Swing charts help traders visualize price movements and identify trends by focusing on price highs and lows. They are instrumental in spotting trend reversals and continuations.




What is the One-Bar Swing Chart?

The One-Bar Swing Chart, also known as the Minor Trend Chart, follows single-bar price movements. It plots upward swings from a low price when a higher high is made, and downward swings from a high price when a lower low is made.

Key Features:

Trend Identification: Highlights minor trends by plotting swing highs and lows based on one-bar movements.

Simple Interpretation: Crossing a swing top indicates an uptrend, while crossing a swing bottom signals a downtrend.

Customizable Periods: Users can adjust the period to fine-tune the sensitivity of the swing chart to market movements.

Practical Application:

Bullish Trend: When the One-Bar Swing line moves above a previous swing top, it indicates a bullish trend.

Bearish Trend: When the One-Bar Swing line moves below a previous swing bottom, it signals a bearish trend.

Trend Reversal: Watch for crossings of swing tops and bottoms to detect potential trend reversals.



The One-Bar Swing Chart is a powerful tool for traders looking to capture and understand market trends. By following the simple rules of swing highs and lows, it provides clear and actionable insights into market direction.

Why the Strategy Uses 100% Allocation of a Portfolio:
This strategy allocates 100% of the portfolio to trading this specific pair, which does not mean 100% of all capital but 100% of the allocated trading capital for this pair. The strategy is swing-based and does not use take profit (TP) or stop losses.