The Gann Swings indicator for MT4 (Metatrader 4) transforms the Gann trading method into a swing trading indicator.
It connects the high and low swing points found on the chart and provides a clear overview of the most important swing support and resistance levels.
It can be used as a breakout trading indicator.
Buy & Sell Trade Example
- Open a buy trade as soon as the price closes above the previous swing resistance level.
- Open a sell trade as soon as the price closes below the previous swing support level.
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-swings-xvi-indicator.mq4” indicator for MT4
Indicator Chart (EUR/USD M15)
The example chart below displays the Gann Swings 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 Swings 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: Swing
Repaint? No.
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.
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Download the “gann-swings-xvi-indicator.mq4” indicator for Metatrader 4
