Gann Signal Indicator for MetaTrader 5 Download – Free – [TradingFinder]

The Gann Signal Indicator is one of the analytical tools in technical analysis, designed based on the Gann model and built using the Williams Percent Range. This MetaTrader 5 tool identifies market trend changes and provides suitable entry points for trades.

Gann Signal Specifications Table

Table below outlines the features and specifications of the Gann Signal Indicator:

Uptrend Conditions

The price chart below shows the AUD/JPY currency pair on a 5 minute timeframe using a MetaTrader 5 indicator.Blue arrows indicate short term or long term trend changes and entry points for trades.

Downtrend Conditions

The price chart below illustrates the CHF/JPY currency pair on a 1 minute timeframe. Red arrows represent transitions from bullish to bearish trends, marking suitable selling points.

Thesesignals are used to identify entry points for sell trades during bearish market conditions.

Indicator Settings

Image below displays the settings of Gann Signal Indicator in the MetaTrader 5 platform:

• Chart theme: Graph theme;
• Calculation Period: Set to 3;
• Show Comment: Notes;
• Alert Sound ON: Alert sound;
• Sound file: Sound file used;
• Arrow Distance: Set to 50;
• Lookback: Historical view range to 500.

Conclusion

The Gann Signal Indicator provides a framework for identifying bullish and bearish trends using blue and orange arrows. This volatile indicator uses blue arrows to indicate a signal to start an uptrend and a buying opportunity.

Orange arrows Indicate the beginning of a downtrend and a selling opportunity.