Squaring a Range of Time

In this post I'll go over an easy method of squaring a range of time using the tools in Metatrader 4.

As shown in the previous post about squaring a range of price, squaring the path of price can reveal future patterns of price behavour in price and time.

For this example the EURUSD 1 hour chart is being used. The first step will be to square the chart or set the scaling one to one which is done in the chart properties. It really isn't necessary, but it keeps the squares square as the chart advances and the range of price causes the scaling to fluctuate. Depending on the instrument and time frame it may be necessary to either switch to a different time frame, compress the spacing between bars, or both.

I scrolled back through the chart and just picked an arbitrary range. The time range will be 6/5/07 14:00 to 6/13/07 11:00 for a range of 140 bars. Use the cycle tool on those points to create the cycle going forward.

From the pivot bottom count up instances of 140 pips and mark with a vertical line. The range has now been squared to 140 x 140. 140 is now 360° in price of time of the previous range.

I like to break the rang up into halves so add verticle at 70 bars and a horizonantal at 70 pips from the pivot bottom.

Next up is the Gann grid. I put the end point on the 70 bar/70 pip intersection or the center of the 140 square. Then add horizontals at the intersections going up and down.

The chart below shows how price reacted at points of time and price. Also notice how the diagonals or 1x1 lines acted as trend lines as wells as support/resistence.

The grid can be divided smaller by adding more verticals and horizontals at the intersection points.