Here are a couple of interesting indicators from W.D. Gann (aren't they all?), as well as a link to his bio.
W.D Gann Methods , Time and Price & Trading Experts
Gann also studied and applied astrology to trading. Therefore, also included are a couple of astro indicators that wasn't available for MT4 until recently.
We are still monitoring and not expert about Gann, but respect how this indicator projects support & resistance, even in advance. Based on Gann's belief with angles. We found settings, as follows pretty decent. Changing the settings below doesn't mean the default is bad. It just makes for easier viewing. If you want the extra S&R level, leave it on default.
1-Hour and 4-Hour Chart
Angle: change from default of 22.5 to 45.0
kol_lev: change from default of 8 to 32
Angle: change from default 22.5 to 90
Kol_lev: change from default to 32
5-Min Chart and 15-Min Chart
Angle: leave on default 22.5
kov_level: have at least 16. Increase in multiples of 8.
Attached is a 4-Hour chart with the Gann_SQ9 indicator. We anticipated support at the 360-degree level price of 1.3319 on EUR/USD - in advance.
Make sure you drop the template one into your template folder.
Turn on GridMarix and GannGrid.
Indicator plots trend lines, then arrow appears at break, usually after candle closes. As with trend line philosophy, take breaks after longer trends.
Does not repaint as far as we can tell. Should use with trend indicator, and have exit strategy.
The Trade Manager Pro EA is a MetaTrader Expert Advisor that performs position management for you avoiding human errors and enhancing your trading activity.
Amazingly easy to use Trade easily from the chart Trade with precise risk management, hassle free Capital preservation is top priority Let profits run without your attention Enjoy risk-free trades as soon as possible Automatic trailing stops for all opened trades Initial stop losses are placed as soon as trades are
VirtualTradePad - is a contol panel for working with orders in МetaТrader 5 : buy, sell, buystop, buylimit, sellstop, selllimit, close, delete, modify, tralling stop.
VirtualTradePad won 2nd prize in the "Best Control Panel in the MQL5 Language" Contest.
The panel consists of 5 tabs.
VirtualTradePad PositionsStyle VirtualTradePad Ordersstyle VirtualTradePad SignalsStyleDemo version of the panel - VirtualTradePad LiteProfit or Loss PadINFO PadYou can also try this panel for
The main purpose of the indicator is to detect and mark trade signals on the histogram of the Awesome Oscillator according to the strategies "Trading Chaos, second edition" and "New Trading Dimensions".
The indicator detects and marks the following trade signals:
"Two peaks" - Divergence. The signal "Second wise-man" - third consequent bar of the Awesome Oscillator after its color is changed. The histogram crosses the zero line. The signal "Saucer".The indicator includes a signal block th
All traders using VSA realize the importance of the volume. Unfortunately, tick and spot volumes are not suitable for these purposes.
I have conducted mathematical calculations and managed to trnsform the price into the volume that is close to the futures one by its ratios. Now, you do not have to wrestle with the question of where to obtain the volume data. Besides, you will be able to use the currency pairs having no futures at all. With RealVolume, you do not need to remember data on each ti
The indicator is designed for easy construction of synthetic charts based on data of various financial instruments. It will be useful both arbitrage and pair trading, as well as for analysis purposes. Its main advantage is simplicity and clarity. Each chart is given as a common mathematical formula. For example, if you want to plot the spread (difference) between EURUSD and GBPUSD with coefficients 4 and 3, then set the following formula:
EURUSD * 4 - GBPUSD * 3
The resulting chart is shown in
Does not support openning multiple orders on a single symbol on MT5
MultiMTCopier MT5Receiver - new and improved multi-terminal positions copier for your real/demo account, works faster, requires less, flexible in managing and upgrading, new information support. This Expert Advisor is designed for the MetaTrader 5 terminal, trades will be copied into this terminal.
The EA will copy all positions without delays Additionally integrated notification in situations requiring user
The indicator represents an additional chart window with a lower time frame where bars are combined into groups that are equivalent in time to main chart time frame. Bars are synchronized by the right hand side of the window, i.e. the time of the last bar in the main window corresponds to the time of the last bar group in the additional window. The maximum number of groups is 16; the maximum number of bars combined into groups in the additional window is 256. Limitations on the numbers are requi
The script is intended for automatic placing of Sell Stop pending orders, Stop Losses and Take Profits on the user specified levels. This script is not that useful as "Virtual pending buy stop", since short positions are opened as Bid price crosses the levels. Thus spread widening is not dangerous. Nevertheless, you need to have this script to prevent unwanted hitting of the Stop Loss levels.
Automation of the process of placing the Sell Stop pending orders, Stop Losses and T
Find Shoulder-Head-Shoulder chart patterns easily with this indicator.
Easy to use Customizable colors and sizes It implements breakout signals It implements alerts of all kinds
Indicator Settings - The amplitude represents the size of the patterns to be found. The max. history bars parameter is the amount of bars in the chart to look back.
Less bars to evaluate means the indicator will load faster. Patterns - Choose the colors of the patterns. Breako
The script is intended for automatic placing of Buy Stop pending orders, Stop Losses and Take Profits on the user specified levels.
Avoiding unwanted entering a long position in case of false hitting the level as a result of widening of the spread by a dealing center. Avoiding unwanted triggering of a Stop Loss in case a quote pierces a significant level (fractal) without further confirmation with the close price. Setting a necessary virtual order and entering the market in
Volume is an important indicator in combination with price movements.
Volumes Overaverage Notifier informs you when activity is entering the market.
This indicator is able to notify you via push notifications, alerts, sounds and emails when it is recognizing rising volume above a customizable level.
The volumes histogram is divided and colored in 4 different parts - low, normal, high and ultrahigh volume levels.
Low volume zones are drawn as a rectangle into the chart.
How to Use
This is an open interest indicator for MetaTrader 5. It fixes open interest value once per minute and writes it to the file (on your PC). The product works on any timeframe but only with exchange instruments.
Three variables are available for every strategy, any one of them can be disabled, their period can be changed.
type_order=ORDER_FILLING _FOK - order filling type.
ReverseTrade=false — trades opens in reverse direction if true. ExitOnBar=true — trades close on each bar only. spreadcover=false — Spread you pay includes in profit trades. It's like trade with zero spread but you should remember that it can decrease exact match between tester's result and live one. It
Fast Copy MT5 allows you to copy trades between different MetaTrader 5 (netting)(hedge) and MetaTrader 4 accounts in any direction and amount, quickly and easily (without loading the system).
Any type of copying is available
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Market Profile defines a number of day types that can help the trader to determine market behaviour. A key feature is the Value Area, representing the range of price action where 70% of trading took place. Understanding the Value Area can give traders valuable insight into market direction and establish the higher odds trade. It is an excellent addition to any system you may be using.
Blahtech Limited presents their Market Profile indicator for the MetaTrader community. Inspired by Jim Dalton’s
Monitoring and Trend Analysis
This product shows the trend strength levels based on 16 standard indicators, time periods and currency groups.
Depending on the current trend, the indicator colors change from green to red, allowing you to see the full picture.
Whatever your trading method and strategy are, you should always know, in which direction you are trading and what the probability of the trend change is. This indicator will help you answer these questions by calculating the
This is the Famous Timing Indicator
You can now use the most famous Timing indicator on the planet.
Millionaire Mostafa Belkhayate earned his reputation by using this specific indicator to validate the entry signals supplied by his also famous Center of Gravity indicator on the Forex market. I spent hours, days, weeks to decrypt the formula and now it is finally available to you.
New and Unique for MetaTrader 5
Timing will give you perfect validations for your entry signals. It is the first
This is an utility for automatic scaling of a chart and making at least 140 bars visible in it. This is necessary for a correct wave analysis according to the Bill Williams' strategy "Trading Chaos". The utility can be used on any timeframe available in МetaТrader 5.
It draws a vertical line through the first bar the calculation starts from. This line allows you to see the probable starting point of the wave sequence along with a sufficient number of bars displayed in the chart. It also makes t
Percent Crosshair is a powerful and easy percentage measure tool.
Measure the chart percentage very quick! Don't waste your time anymore!
Just attach the Percent Crosshair indicator in the chart, select crosshair mode at toolbars or press "Ctrl+F" and start using the crosshair as you always do! The percent measure will be next to the indicative price.
Customize your indicator the way you want!
There are 4 entry parameters:
Positive % color: set the desired color when % is positive. Negat
Tick volume is equal to amount of ticks at the unit of time. There is direct correlation between tick volume and real amount of deals. Every change of the price is a result of a real request to perform a deal. Consequently, fewer requests we have, the less price changes we get, and, as a consequence, tick volume is smaller.
In this case, when big amount of requests appear on the market, price changes happen more often. Big tick volume appears. Tick volume is an important indicator of trad
This indicator is based on Bollinger Bands indicator. It helps user clearly know the Band is expand or contract.
The indicator is intended for determining the spread and swap size, the distance for setting stop orders and stop losses from the current price allowed and the risk per 1 point in the deposit currency.
The indicator informs a trader about possible additional expenses and profits connected with transferring a position to the next trade session of the financial instrument. It also informs about the spread size and the distance of pending orders, stop loss and trailing from the current price. In a
FULL Automatic is a fully autonomous trading robot for MetaТrader 5 without configurable parameters.
It is similar to SAFE Automatic robot intended for traders having no knowledge of trading basics. It works in Low, Medium, High and Extremal trading modes.
The EA applies modified versions of well-known strategies, including Elliott waves, following a trend, half-pyramiding, scalping, speculative trading with a double deposit protection. The EA switches the strategies automati
Robust median Renko style indicator for creating custom charts resembling Median Renko, Mean Renko, Turbo Renko and Better Renko candles as well as vanilla Renko with wicks plus PointO charts. This all in one package provides all of the signals needed by day traders, scalpers and even long term traders.
The indicator is an overlay on the main chart so it is possible to utilize one-click trading and order manipulation directly on the custom charts. Visual order placement is a
This panel represents a demo account for binary options. It will catch an interest of those who start working with binary options and want to practice on a demo account. It will also spark an interest of those who use Meta Trader 5 to get signals for binary options. You can test any strategy using this panel. It supports any currencies available in your terminal. The panel is also very compact, and you can move it to any spot on your chart window.
Now you do not need to look for a broker with a
Trade Controller provides multiple methods to protect and maximize your profits. This powerful weapon helps you to set the protect and trailing-stop rules on your trade automatically in many effective methods. Once it is set and turned on, you don't need to monitor your orders anymore, the software will keep watching and control your orders with your predefined rules.
It's designed to support multi-protection and trailing strategy: Protect by break-even, protect by percentage, protect by pip, p
This indicator extracts a trend from a price series and forecasts its further development. Algorithm is based on modern technique of Singular Spectral Analysis (SSA). SSA is used for extracting the main components (trend, seasonal and wave fluctuations), smoothing and eliminating noise. Does not require the series to be stationary, as well as the information on presence of periodic components and their periods. It can be applied both to price series and to the data of other indicators.
The main purpose of the indicator is to determine and mark trade signals on the histogram of the Accelerator Oscillator, which were described by Bill Williams in his book "New Trading Dimensions". The list of signals:
The buy signal when the indicator histogram is below the zero line. The sell signal when the indicator histogram is below the zero line.The sell signal when the indicator histogram is above the zero line. The buy signal when the indicator histogram is above the zero line. The
Create your own list of trading instruments Watch list* and combine it with several open charts Link **.
Using this program, a user can create fully-fledged Watch lists, create and delete trading instruments and move through the list.
A selected symbol shows charts in linked windows. Linked windows can have different periods, indicators, experts, trading panels, etc...
Moving through his/her Watch list, a trader an see the full image of his/her strategy in all windows.
A lot of traders use 1
Cluster analysis of volumes is now available in MetaTrader 5!
The YuСlusters indicator is a professional tool for analyzing the trading volumes. The cluster graph is plotted based on tick data. For the exchange financial instruments these are the volume, type and price of a deal. For the Forex instruments - the real or tick volume (depending on the broker) and Bid price.
There are 6 criteria of cluster generation:
Time interval, the criterion is set in seconds. Price range, the criteri
Thank you for this wonderful post fxbaja... I am always curious regarding Gann and his trading systems but however, I never manage to understand most of them.. do you have much experience with the Gann trading methods?
I am not a Gann expert at all, but always wanted the application of his theories simplified. That has always been the chief barrier to using Gann, not being able to fully understand his many techniques and theories.
I've been waiting a long time for technology to catch up. Therefore, it is quite exciting for me to see some early stage indicators, such as the 2 attached here, created for MT4.
I had "kicked the tires" on Gann with another software program during 2004, but saw that we needed to basically get a 4-year degree on the subject just to have a fighting chance.
One of his key points is to have a properly scaled chart, in order to measure the angles, such as the 45-degree (1X1).
The breadth of his studies, theories, and application, left most overwhelmed. Adding mystery to the entire situation made it difficult to replicate over the years since his era.
All I can do is monitor a handful of Gann indicators that come out to measure its effectiveness viz-a-viz my trading style. I guess one can classify my style as being heavily weighted toward support and resistance.
Therefore, breakout and S&R indicators/tools are of high interest. Applying leading indicators/tools is obviously the goal. This is the crux of Gann, to be able to predict future price action.
One of Gann's techniques/theories was based on starting with an all-time low price. The subsequent major highs are multiples of low. He also recognized significant lows with this analysis.
I recently played with that idea on EUR/USD. Attached is the pair on a daily chart. I plotted a trend line from the significant low of June 7th.
The yellow numbers are perfect squared numbers I used to plot number of days from Low. We can see that on the 81st day (Sept 10th), pair registered a significant low pivot that corresponds with the trend line.
The red and pink numbers above the yellow 100 are squared numbers denoting distance in time (number of days) from other significant high points. No significant turning point occurred at this cluster.
The other yellow squared numbers did a O.K. job of identifying turning points. Gann always had a window of 2-3 days for his predictions. I'm sure there are others that can do better than this very quick analysis.
The vertical yellow line with 169 (square of 13) represents the next squared number after 144. The 169th day is Dec 18th. This is an example of the kind of projections Gann made. Relationship with price and time.
I'll post more freebie stuff on Gann, including interesting articles that may simplify things for all of us.
The last example did not use Gann's Square of Nine, except noting the 81st day after low was indeed a significant pivot.
Here is a Square of Nine free calculator at this site, which I do not have any connection with, nor do I endorse whatever it is selling:
The calculator has 3 inputs:
Start Number - I used 13000, eliminating the decimal on EUR/USD price.
Start Date - I used 11/30/2010
Levels - I used 10.
Out spits a Gann Wheel with squared numbers AND dates highlighted in yellow. Play with the decimal point.
Might as well post 2 Gann indicators that aren't new but can be useful for those trading this style:
1) Gann HiLo Activator SSL - attached here as couldn’t locate one posted before.
This plots a line for buy and sell.
2) Gann HiLo Activator Bars - attached
This acts like candlesticks.
You can increase the thickness of the bars for better viewing. Acts like the HAS candles in that it can take away the smaller fluctuations. Provides entry signal when color changes, and when candle crosses line.
One way to use it is to marry it with a breakout, such as breakout of Asian high or low. Stay in trade as long as bars are the same color. Exit after first opposite color bar closes, or per fib extension targets.
Or enter at change of color or cross of line, near tops or bottoms according to other indicators or tools.
Good for trend markets/periods. Try on 15-minute chart.
Attached is a pdf on how to use the Gann Square of Nine Wheel, manually.
I will post a Gann time indicator as soon as I understand it.
Here is the indicator Gann_Box_144
Support & Resistance. I'll post any instructions I can find.
Here are 2 more Gann indicators.
1) SQ9 (Price) It plots the angles of 22.5 and 45-degree only. The difference with this one is that the horizontal lines stay on the chart, and we can also see past price interaction.
The newer indicator posted earlier, Gann_SQ9 is dynamic in that it adjusts as time advances, using the zig-zag to identify swings.
Must input a low or high price, and whether you want up or down projections.
2) SQ9 (Time) Plots vertical lines denoting possible turning points in the future. Must input start date/time and price.
As an experiment, we input on the daily EUR/USD chart, picking a low pivot:
Time = 2010.08.24 00:00
Price = 1.2587
SquareDays = true
All other Square periods must be false.
Projection means how many line you want going forward.
The result are sets of vertical lines, dotted and solid lines. I haven't figured out the difference yet.
I've worked with a few indicators that plot vertical lines into the future, including fib time projection, and astro tools. The consistency just wasn't there, at least for Forex.
So, we'll spend some time analyzing and researching the effectiveness of the Gann SQ9 Time.[ATTACH]7379[/ATTACH]
Double click the small blue arrow to instruct the indicator of the starting point for the box.
For EUR/USD, move the small blue arrow to Dec 1st 04:00 candle on the 15-min chart.
A Gann fan is part of box, and starts on lower left hand corner. The center red fan line is the 45-degree line, which Gann considered the most important, also known as the 1X1 line.
If price breaks this fan line, it denotes a change of trend and will reach the next fan line.
The other lines are for support and resistance, and are fractions such as 1/3, etc.
Attached are indicators.
i have tried to understand gann's too. will love more informations on his trading pattern