Hexagon Chart Price Target Lines

Optuma Forums Optuma Feature Requests Hexagon Chart Price Target Lines

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  • #60219
    AvatarJeremy
    • Topics: 1
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    First poster so go easy on me.

    I’ve been studying and using the Gann Hexagon chart for many years now and one thing I’ve never seen in any software programs available is the ability to navigate price targets on the Hexagon horizontally and vertically. The current Hexagon function in Optuma is well structured and works really well, but I would find it very useful if we could also measure vertically and horizontally across the Hexagon, not just through the centre like a wheel.

    I’ve attached an example with this post.

    Comments and feedback welcome.

    Thanks

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    #60233
    MathewMathew
    • Topics: 29
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    Hi Jeremy,

    We have that on the SQ9 but not on Hex charts. It has been 2 years since I worked on that so I will need to see if there is a reason why I did not include that option on Hex charts. They share a lot of common code so it could be really easy to add but I won’t know until I get time to have a look.

    All the best

    Mathew

    2020-10-08_8-51-59

    #60257
    AvatarJeremy
    • Topics: 1
    • Replies: 3
    • Posts: 4

    Hi Matthew and thanks for responding.

    I know I must be in the minority, but my studies of this Hexagon chart have yielded some very interesting results over the years, and I continue to be amazed by it’s accuracy. But like anything you need to get in tune with the thing.

    Not many people know about the horizontal and vertical price target methods on the Hexagon, just the lines through the centre. Guess that’s why no one has this feature. I have constructed a huge hand drawn hexagon for this purpose but it would be great to also have it on my Optuma.

    Hopefully it’s not too hard to code into future updates.

    Thanks again for your support Matthew.

    Jeremy

    #60259
    AvatarJeremy
    • Topics: 1
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    • Posts: 4

    As an example, see the attached image – this is from Gann’s trading in How To Make Profits In Commodities, Page 209.

    In his Cotton sequence he quotes:
    “December 4th, LOW 1250.”

    I drop the last digit and just look at 125 on the Hexagon chart.

    Then he quotes:
    “September 8th, HIGH 2440. … This was the final grand rush and the market was up nine months from the December, 1926 LOW, and no reaction lasted more than two weeks.”

    Again, if you drop the last digit, the Hexagon gives the exact target for the High.

    There are many more examples of this in Gann’s work that I’ve discovered. So, I’m fairly certain he used this method in his trading.

    Attachments:
    #60307
    MathewMathew
    • Topics: 29
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    Hi Jeremy,

    I was able to get it working over the weekend. It is packaged in the 1.7 release but that is not due until the end of the year.

    All the best

    Mathew

    hex

    #60309
    AvatarJeremy
    • Topics: 1
    • Replies: 3
    • Posts: 4

    That’s great news. Thank you so much Matthew.

    Great support and great service as usual.

    Much appreciated.

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