Gann Signal Indicator for MetaTrader 4 Download – Free [TradingFinder]

The Gann Signal Indicator is a technical analysis tool inspired by the Gann model. This MetaTrader4 indicator tool is based on the Williams Percent Range and provides signals to help identify trend changes and suitable entry points.

Gann Signal Specifications Table

Table Below Displays the Specifications of the Gann Signal Indicator in MetaTrader 4:

Indicator Overview

This indicator covers a range between 0 and -100 and identifies bullish and bearish trends. Specifically, Breaking above the -30 line signals the start of an uptrend.Breaking below the -70 line signals the start of a downtrend.

Uptrend Conditions

The price chart below shows the EUR/GBP currency pair in a 1-minute timeframe. The blue arrows indicate buy entry points, especially near price bottoms or during an uptrend.

Downtrend Conditions

The following price chart illustrates the EUR/USD currency pair in a 30-minute timeframe. Red arrows indicate sell signals or trend changes for short-term and long-term trades.

These arrows appear when the market is prepared to shift towards a downtrend.

Indicator Settings

The image below displays the Gann Signal Indicator settings in MetaTrader 4:

• Chart-theme Display Chart theme;
• Period: Period setting to 3;
• Comment: Comments;
• Sound alert: Sound notification;
• Sound file: Audio file used;
• Distance: Arrow distance to 50;
• Lookback: Historical range to 500.

Conclusion

This MT4 Volatile indicator providesclear signals through blue and orange arrows, making it a practical and straightforward tool for identifying bullish and bearish market trends.

Blue arrows: Indicate the start of an uptrend and a buy opportunity.Orange arrows: Indicate the start of a downtrend and a sell opportunity.