Gann PVS (Price Vibration System) Trading (Gann PVS (Price Vibration System) Tradin)
I've been hanging around this forum for a while and have been trading for about a year now. Still can learn a lot. I love helping others so posting this.
I call it the Gann Price Vibration System. It is not a system per se, but a confirmation system . Add this to any method you trade and it will definitely help you.
It is based on the Gann wheel. From the lows you can predict the point at which the market is likely to vibrate. Same as high position. The price will either rebound, break, or break out of these levels. That's why I call it a confirmation system.
I have attached an Excel file where you can enter significant lows and highs and it will provide you with price vibration levels. (Remove decimals when entering numbers) For example: 1.4320 would be 14320
Then just add lines to your mt4 chart and you have areas worth focusing on.
Sometimes you may just have a low, but you can still plot higher levels and predict areas of vibration.
It works on any time frame. I personally like to draw lines every day so I can use them for extended periods of time during the day without having to change them.
Update 2
Thanks to brooky29, updated metrics can be found here
http://www.forexfactory.com/showthre...33#post5389333
I call it the Gann Price Vibration System. It is not a system per se, but a confirmation system . Add this to any method you trade and it will definitely help you.
It is based on the Gann wheel. From the lows you can predict the point at which the market is likely to vibrate. Same as high position. The price will either rebound, break, or break out of these levels. That's why I call it a confirmation system.
I have attached an Excel file where you can enter significant lows and highs and it will provide you with price vibration levels. (Remove decimals when entering numbers) For example: 1.4320 would be 14320
Then just add lines to your mt4 chart and you have areas worth focusing on.
Sometimes you may just have a low, but you can still plot higher levels and predict areas of vibration.
It works on any time frame. I personally like to draw lines every day so I can use them for extended periods of time during the day without having to change them.
- It is also interesting to note that many times price will reverse at these levels.
- Also note that the area is stronger when the 2 lines are very close.
Update 1
Added a video showing how to do it. Sorry for the low quality. Hope you can understand.
Insert video
Update 2
Thanks to brooky29, updated metrics can be found here
http://www.forexfactory.com/showthre...33#post5389333
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