Forex encyclopedia

This index (HWI) provides the number of help-wanted advertisements for recent month. It embraces a certain number of the largest regional mass media. The index value is given in comparison with 1987, which is taken for basic year and which index is equal to “100”. While analyzing this index, classical moving averages are applied. If moving average tells about change in index direction, it also reveals change of the situation on the labor market. Besides, index conveys the information about regional economical development in the USA. The index value is published on the last Thursday of every month at 10:00 a.m EST, upon that, the market is barely touched by it.

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.