The Gann High Low Activator indicator for MT4 (Metatrader 4) transforms the Gann trading algorithm into easy to trade buy & sell candlesticks.
The buy and sell signals appear in the form of colored candlesticks that provide trend direction.
Trade idea:
- Open a buy trade whenever the blue candlesticks gets printed on the chart.
- Open a sell trade whenever the red candlestick gets printed on the chart.
- Play with the Lb input setting (set at 10 by default).
The indicator works equally well on all assets (Forex, CFD stocks, Indices, Cryptocurrencies, Commodities,..) and shows promising results if used correctly.
Free Download:
Download the “gann-high-low-activator.ex4” indicator for MT4
Indicator Example Chart (EUR/USD M5)
The example chart below displays the Gann High Low Activator mt4 indicator in action on the trading chart.
Trading Signals (example):
Utilize your own favorite trade entry, stop loss and take profit method to trade with the Gann High Low Activator indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Candlestick
Repaint? No.
Download Now:
Download the “gann-high-low-activator.ex4” indicator for Metatrader 4
Usage:
Works for any trade style: scalping, day trading and swing trading.
The Gann High Low Activator indicator was developed for the MT4 trading platform and can be used as a standalone technical analysis indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Installation:
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the gann-high-low-activator.ex4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.