About the Gann Swings Indicator
The Gann Swings indicator for MT4 converts classic Gann swing theory into a practical swing trading tool.
It automatically connects significant high and low points on the chart, forming visible swing levels that reflect real market structure.
These swing points act as natural support and resistance zones where price reactions often occur.
By focusing on swing behavior rather than short-term noise, the indicator helps traders understand where the market is likely to pause, reverse, or break out.
This makes it especially effective for breakout trading strategies.
When price closes beyond a previous swing level, it often signals the start of a new directional move.
The Gann Swings indicator works on all MT4 timeframes and instruments.
It adapts smoothly to changing market conditions and provides traders with a reliable framework for timing entries and exits.
Free Download
Download the “gann-swings-xvi-indicator.mq4” indicator for MT4
Key Features
- Automatically plots swing highs and swing lows
- Highlights key support and resistance levels
- Ideal for breakout and continuation strategies
- Works on all MT4 timeframes and currency pairs
- Reduces chart noise by focusing on meaningful price swings
- Compatible with trend and momentum indicators
Indicator Chart
The chart example shows the Gann Swings indicator applied to an MT4 price chart.
Connected swing highs and lows form visible support and resistance levels.
Breaks above or below these levels signal potential buy or sell opportunities.
Guide to Trade with Gann Swings Indicator
Buy Rules
- Identify the most recent swing resistance level
- Wait for the price to close above that swing high
- Enter a buy trade after the candle close confirms the breakout
Sell Rules
- Identify the most recent swing support level
- Wait for the price to close below that swing low
- Enter a sell trade after the candle close confirms the breakout
Stop Loss
- Place the stop loss below the previous swing low for buy trades
- Place the stop loss above the previous swing high for sell trades
- Allow enough room for normal price pullbacks
Take Profit
- Target the next major swing level in the trade direction
- Use a fixed risk-to-reward ratio such as 1:2 or higher
- Scale out partial profits near strong historical swing zones
Practical Tips
- Use the Gann Swings indicator on H1 or higher timeframes to reduce false breakouts
- Wait for a full candle close beyond the swing level before entering a trade
- Align breakout trades with the dominant higher-timeframe trend
- Track major swing levels from higher timeframes for stronger targets
Gann Swing + Forex Turbo Scalper MT4 Scalping Strategy
This MT4 scalping strategy combines the Gann Swing Forex Indicator with the Forex Turbo Scalper Indicator.
It is designed for intraday scalpers who want to catch short-term momentum while staying aligned with breakout trends.
The Gann Swing Indicator identifies trend direction based on price action relative to previous support and resistance levels.
When the price closes above the previous resistance (blue dotted line), a bullish trend is indicated.
When the price closes below the previous support (blue dotted line), a bearish trend is indicated.
The Forex Turbo Scalper provides precise entry signals with blue bars for buy trades and red bars for sell trades.
Buy Entry Rules
- Confirm that the Gann Swing Forex Indicator shows a close above the previous resistance level (blue dotted line), indicating an upside breakout.
- Wait for the Forex Turbo Scalper to display a blue bar on the chart.
- Enter a buy trade at the open of the next candle after the blue bar appears.
- Set a stop loss below the recent swing low or the previous support level.
- Take profit at the next minor resistance, major resistance, or a fixed pip target, depending on market volatility.
Sell Entry Rules
- Confirm that the Gann Swing Forex Indicator shows a close below the previous support level (blue dotted line), indicating a downside breakout.
- Wait for the Forex Turbo Scalper to display a red bar on the chart.
- Enter a sell trade at the open of the next candle after the red bar appears.
- Set a stop loss above the recent swing high or the previous resistance level.
- Take profit at the next minor support, major support, or a fixed pip target, depending on market volatility.
Advantages
- Combines breakout confirmation with precise scalping entries.
- Helps traders avoid counter-trend trades by aligning entries with confirmed breakouts.
- Effective on short-term charts such as M1, M5, and M15 for quick profits.
- Flexible take-profit targets allow scaling out trades or adjusting based on market conditions.
Drawbacks
- Requires active monitoring for rapid execution of scalping trades.
- Stop losses can be hit quickly if sudden spikes or news events occur.
- Scalping can result in frequent small losses if the market is choppy.
Case Study 1: EUR/USD 5-Minute Chart
On the EUR/USD 5-minute chart, the Gann Swing Forex Indicator showed a close above the previous resistance at 1.0750.
Shortly after, the Forex Turbo Scalper plotted a blue bar at 1.0752.
A buy trade was entered with a stop loss at 1.0740.
The price climbed to the next minor resistance at 1.0770, then reached a major resistance at 1.0785, securing 33–50 pips.
This demonstrates how the strategy captures breakout moves effectively.
Case Study 2: GBP/JPY 1-Minute Chart
On the GBP/JPY 1-minute chart, the Gann Swing Forex Indicator closed below the previous support at 183.50.
The Forex Turbo Scalper displayed a red bar at 183.48.
A sell trade was executed with a stop loss at 183.65.
The price dropped to minor support at 183.20, then to major support at 183.00, capturing 28–48 pips in a fast-moving market.
This shows the strategy’s ability to profit from quick breakout declines.
Strategy Tips
- Focus on high-liquidity pairs with tight spreads for efficient scalping.
- Use multiple timeframes to confirm breakout direction before entering trades.
- Trade during the London and New York sessions when momentum is stronger.
- Consider scaling out of positions at multiple resistance/support levels to lock in profits.
- Maintain a trading journal to track entries, exits, and results for strategy refinement.
Download Now
Download the “gann-swings-xvi-indicator.mq4” indicator for Metatrader 4
FAQ
How are swing points calculated by the Gann Swings indicator?
The indicator identifies price highs and lows that stand out from surrounding candles.
Only meaningful swing points are connected, filtering out minor fluctuations.
Is the indicator more effective on higher timeframes?
Yes. H1, H4, and daily charts usually provide more reliable swing levels.
Lower timeframes can be used but may require stricter trade confirmation.
Can the indicator be used for range trading?
It can help identify range boundaries, but its strongest performance comes from breakout setups.
Waiting for confirmed closes beyond swing levels is key.
Does the indicator repaint previous swing levels?
Once a swing level is confirmed and plotted, it remains fixed.
New swings are added only as price action develops.
Summary
The Gann Swings indicator for MT4 provides traders with a simple yet effective way to trade market structure.
By connecting key swing highs and lows, it highlights important support and resistance levels that matter.
This makes breakout identification more objective and less emotional.
The indicator is easy to use, flexible across markets, and suitable for both swing traders and position traders.
It combines well with a trend-following indicator such as a moving average or trend filter.
Together, they help traders focus on high-probability breakouts while staying aligned with broader market direction.
