Summary of "📊Gann Signal Indicator for MetaTrader 4/5 Download – Free [TradingFinder]"
The video presents the Gann Signal Indicator available for MetaTrader 4 and 5, downloadable from the TradingFinder website. This indicator is designed to generate buy and sell signals based on a unique adaptation of Mr. Gann's geometric and pattern analysis methods, combined with the Williams Percent Range (Williams %R) technical indicator.
Main Financial Strategies and Market Analysis:
- The indicator identifies trends using Williams %R values:
- An upward trend is signaled when the Williams %R breaks above -70.
- A downward trend is indicated when it breaks below -30.
- Buy and sell signals are generated alternately to avoid repeating the same signal consecutively in one trend.
- Signals are confirmed based on the failure of previous highs or lows:
- In an upward trend, breaking the previous high issues a Buy Signal.
- In a downward trend, breaking the previous low issues a Sell Signal.
Features and Customization:
- Users can choose display themes (Light, Dark, or Custom) for the indicator visuals.
- Adjustable settings include:
- Williams %R period (default is 3).
- Enabling or disabling on-chart comments that show signal details (symbol, time, price, type of signal, bid and ask prices).
- Sound alert notifications with selectable sound files.
- Distance settings for the placement of buy/sell arrows relative to pivots and candles.
- Number of candles used for calculation (default is 500).
Step-by-Step Guide to Use the Indicator:
- Download the indicator file for MetaTrader 4 or 5 from the TradingFinder website.
- Load the indicator via the Navigator section in MetaTrader.
- Activate the indicator on the chart and ensure the "Aladdin" option is enabled in the comment section.
- Customize display and alert settings as desired.
- Monitor the buy and sell signals that appear on the chart, supported by trend analysis and price action.
Presenters/Sources:
- The tutorial is presented by TradingFinder (no individual presenter named).
Category
Business and Finance
