The Gann Multi Trend Scalper indicator for Metatrader 5 is an excellent trading tool designed for scalpers and intraday traders.
It consists of 6 colored lines that appear directly in the price chart:
- The green colored lines are being used to indicate a buy trend.
- The red, gold, and brown colored lines are being used to indicate a sell trend.
Usage:
- For buy signals, the green lines colored lines appear below the candles.
- For sell signals, the red, gold, and brown colored lines appear above the candles.
The following indicator inputs and parameters can be modified: short term period, medium term period, long term period, and deviation.
It works for any trading instrument that works in the MT5 trading platform.
Make yourself familiar with this technical indicator and test it first on a demo account until you fully understand how it works.
It supports all time frames and Forex pairs (majors, minors, exotic).
Free Download
Gann_Multi_Trend.mq5 Indicator (MT5)
Chart Example
The following chart shows what the Gann Multi Trend Scalper indicator looks like when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The Gann Multi Trend Scalper Indicator?
Find a simple trading example below:
Buy Signal
- A buy signal is given when the Gann Multi Trend lines appear below the candles.
- Open a buy trade and place your stop loss slightly below short-term support.
- Exit the buy trade for a fixed take profit target of your preference, or wait for a sell signal.
Sell Signal
- A sell signal is given when the Gann Multi Trend lines appear above the candles.
- Open a sell trade and place your stop loss slightly above short-term resistance.
- Exit the sell trade for a fixed take profit target of your preference, or wait for a buy signal.
