Set the price and time units explicitly
TradingView describes the Gann fan as diagonal rays that divide price and time proportionally. Its help page uses 1x1 for one price unit per time unit and 2x1 for two price units per time unit. Define what a unit means for your symbol instead of assuming one dollar, one tick and one index point are interchangeable.
- For this hypothetical study, one time unit is one completed daily chart bar and one price unit is $2. The ascending base ray therefore gains $2 per bar.
- Use standard candles and a linear price scale. Record symbol, exchange, session, adjustment settings and interval. A daily chart bar is not necessarily one elapsed calendar day.
- A label convention can differ between tools. Identify the base, half-rate and double-rate rays by their measured coordinates, and save those rates with the labels.
- This is a fan of time-dependent lines. It does not calculate Square of Nine price levels or establish that a geometric angle predicts returns.