Forex encyclopedia

This index describes money means that are spent by the state in the process of manufacturing of output unit. It has a higher significance, because allows to comprehend productivity situation in the state. It also vividly shows inflation caused by increase in cost of labor. In practice Unit labor cost is considered along with Productivity index. Growth of this value accompanied by productivity growth is a signal for potential need of raising interest rates in the state.

Putting price and time zones on chart under W.D. Gann method is called “squaring”. The box can be built through squaring of both price and time. The best performing square is the square built according to Gann's arithmetic patterns. As per Gann methodology, box is a pattern chart. Those charts are called pattern charts, because for building them Gann takes a certain size along X and Y, size of charts is closely connected with Gann cycles. The most popular pattern charts are “Square 4”, “Square 144” and “Square 360” a full cycle. The number in name of chart means the number of periods as per price and time. There are a few ways of building those charts.