Legacy of Gann Indicator for MT5 Download - [TradingFinder]

The Legacy of Gann indicator is developed based on the classical technical analysis principles of “William Delbert Gann”. It acts as a reliable tool for identifying high-probability reversal zones by combining time and price components.

This trading tool functions through manual drawing of a triangular pattern formed by selecting three pivotal or valid price swing points. In essence, it serves as an analytical framework for forecasting market movements.

Legacy of Gann Indicator Table

The key features of the Legacy of Gann Indicator are presented in the table below.

Overview of Legacy of Gann Indicator

Using Gann’s analytical logic, the Legacy of Gann Indicator automatically calculates time and price levels based on the drawn triangular structure and visually presents them on the chart.

These levels include:

• Bullish and bearish movement targets
• High-probability reversal zones
• Time intervals with an increased likelihood of market reaction

Bullish Trend Scenario

The following price chart shows the Bitcoin Cash (BCH/USD) cryptocurrency on the 1-hour timeframe.

In a bullish trend, the formation of a triangle in corrective areas or near support levels—alongside price approaching key indicator zones—sets the stage for technical analysis.

When confirmations such as dynamic resistance breakouts or bullish reversal candlesticks appear, a valid buy signal is activated.

Bearish Trend Scenario

The chart below displays the Dogecoin (DOG/USD) index on the 30-minute timeframe.

In a bearish trend, triangle formation at price tops or the end of a bullish corrective wave—along with proximity to significant resistance zones—sets the groundwork for potential price reversal.

If bearish engulfing candlesticks, negative divergences, or other price action signals emerge, the indicator issues a Sell signal.

Legacy of Gann Indicator Settings

The image below displays the settings panel of the Legacy of Gann Indicator:

• Manual Mode: Enables manual mode;
• ZigZag Depth: ZigZag depth;
• ZigZag Deviation: ZigZag deviation;
• ZigZag Backstep: Minimum distance between swing points;
• Maximum Bars: Maximum number of candles analyzed on the chart;
• Show Impulse and Correction Wave: Display of impulse and correction waves;
• Signal Level Color: Color of signal levels;
• Target Levels Color: Color of target levels;
• Stop Level Color: Color of stop-loss levels;
• ALERT: Sound alert;
• EMAIL: Email notification;
• NOTIFICATION: Mobile push notification;
• MESSAGE TIMEOUT: Time interval between alert messages;
• MESSAGE SUBJECT: Custom alert or message subject.

Conclusion

The Legacy of Gann Indicator combines time and price analysis to offer an advanced tool for detecting high-probability reversal zones in financial markets such as Forex and cryptocurrencies.

By leveraging triangular structures and time-based algorithms, it enables the generation of accurate buy and sell signals.