The Gann Trend Oscillator MTF Forex indicator for MetaTrader 4 is a reliable trend-based oscillator inspired by the classic Gann trading methodology.
It helps traders identify potential buy and sell opportunities by analyzing market momentum across multiple timeframes.
The indicator is displayed in a separate window as a series of color-coded histogram bars, making it easy to interpret:
- Blue bars indicate bullish momentum and potential buy signals.
- Violet bars signal bearish momentum and potential sell opportunities.
Key Features
- Works seamlessly on all timeframes
- Delivers strong performance in trending market conditions
- Non-repainting histogram bars for reliable signals
- Ideal for integration into any trend-following trading system
Free Download
Download the “gann-trend-oscillator-mtf.ex4” MT4 indicator
Indicator Example Chart
The EUR/USD 1-hour chart below shows the Gann Trend Oscillator MTF indicator in action.
Buy/Sell Trading Signals
BUY:
- Open a buy position as soon as the first blue colored trend bar gets printed in the bottom chart.
- Place a stop loss below support.
- Exit the buy trade for a fixed profit target or wait for a violet colored trend bar to appear.
SELL:
- Open a sell position as soon as the first violet colored trend bar gets printed in the bottom chart.
- Place a stop loss above resistance.
- Exit the sell trade for a fixed profit target or wait for a blue colored trend bar to appear.
Download Now
Download the “gann-trend-oscillator-mtf.ex4” MT4 indicator
Gann Trend Oscillator MT4 Strategy with 50 EMA Filter
The Gann Trend Oscillator MTF Indicator for MT4 is designed to identify overbought and oversold conditions across multiple timeframes.
In this strategy, we combine it with the 50 EMA (Exponential Moving Average) to trade in the direction of the dominant trend only.
Chart Setup
- Primary Indicator: Gann Trend Oscillator MTF
- Trend Filter: 50 EMA
- Timeframe: 1-hour (H1) or 4-hour (H4)
- Pairs: EUR/USD, GBP/USD, USD/CHF, and other major pairs
Buy Trade Conditions
- Price is trading above the 50 EMA, indicating an uptrend.
- The Gann Trend Oscillator crosses above the zero line from below.
- Enter a buy trade at the close of the signal candle.
Sell Trade Conditions
- Price is trading below the 50 EMA, indicating a downtrend.
- The Gann Trend Oscillator crosses below the zero line from above.
- Enter a sell trade at the close of the signal candle.
Stop Loss and Take Profit
- Stop Loss: Set just below the recent swing low for buy trades, or above the recent swing high for sell trades.
- Take Profit: Use a 1:2 risk-to-reward ratio or close the trade near the next support/resistance level.
Additional Tips
- Check higher timeframe trends for extra confirmation and confluence.
- Avoid trading during choppy market conditions or just before major news events.
- This strategy works best when markets are trending strongly.
Adjustable Parameters & Settings
Time frame, MA type, alerts, colors, style
Technical Information
Currency Pairs: works on any currency pair
Trading Platform: developed for Metatrader 4 (MT4)
Time Frames: any
Indicator Type: oscillator
Final Thoughts
The Gann Trend Oscillator MTF Indicator for MT4 is a reliable trend-based oscillator inspired by the classic Gann trading methodology.
It helps traders identify potential buy and sell opportunities by analyzing market momentum across multiple timeframes.
The indicator is displayed in a separate window as a series of color-coded histogram bars, making it easy to interpret: blue bars indicate bullish momentum and potential buy signals, while violet bars signal bearish momentum and potential sell opportunities.
This non-repainting indicator ensures that once a signal is formed, it remains stable, providing consistent results.
Its versatility allows it to be used across various timeframes and currency pairs, making it adaptable to different trading styles.
