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Gann Indicators for MetaTrader 4
Gann indicators are a set of analytical tools based on William Delbert Gann’s theory of angles, time cycles, and price ratios. Tools such as the Gann Fan, Gann Grid, and Gann Lines allow for drawing fixed-angled lines with precise geometric ratios. In MetaTrader 4 (MT4), these indicators are usually applied based on major price points and key time intervals. The trader can select two reference points to create a network of angled lines to identify the probable price path and upcoming support or resistance levels. One of the advantages of these indicators, as provided by Trading Finder, is the quick execution of these tools, the ability to save drawing templates, and compatibility with most candlestick data. It is also possible to combine Gann indicators with Fibonacci tools and classic trendlines to improve analysis accuracy. In a stable trend, using Gann indicators can reveal continuation angles and predict potential reversal points.
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