Fib Fan is another way to get there. The Gann angles have to be drawn with the right scale. I would also say that the Fib Fan has to be drawn with the right scale and you are using the chosen swing to set the scale. Same can be done with a gann box to generate angles.
Apologies,
I missed the reply. I agree this is an extremely useful tool and does a good job of helping with support and resistance. As to anyway to backtest it I don't think you could. These are after all just spots to look for support, resistance and near term CIT.
Xandman and RabidTrader,
Thank you very much for sharing your knowledge in the spirit of this community. I very much appreciate your insight and education.
The thing about trying to draw a specific angle (say 45 degrees) is that it is all relative with the vast majority of charting platforms these days and you cannot truly draw one. What I mean is that you could put a protractor down and draw it but as soon as you "squish" or "squash" the chart you...
You may want to look at the offering from Tradier. They seem to be trying to solve the data issue we all have had in the past. https://developer.tradier.com/
Good Trading