Gann square indicator MT4

Currency Pairs: Any

Timeframes: Any

Minimum Deposit: Any

Recommended Account Type: ECN or Raw Spread

Leverage: From 1:30 to 1:1000

Recommend broker: Roboforex
Recommend Vps: GoVPSFX

Gann Square Indicator is a powerful analytical tool for the MetaTrader 4 platform, developed based on the methods of William D. Gann, a legendary trader and analyst who used geometric and mathematical principles to predict price movements. This indicator implements the Gann Square concept, including elements such as the Square of 9, Gann angles and support/resistance levels, to help traders identify key turning points and trend movements in financial markets, including Forex, Gold (XAU/USD) and other assets.

Key Features:
Geometrical Price and Time Analysis:
The indicator plots the Square of 9, a unique grid based on square numbers and angles (e.g. 22.5°, 45°, 90°) that Gann believed were critical to identifying future support and resistance levels.
Uses ZigZag or other algorithms to automatically detect significant extremes (highs and lows) on the chart, allowing you to predict potential reversal points.
Support and Resistance Levels:
Automatically draws horizontal and diagonal lines corresponding to Gann angles (e.g. 1×1, 1×2) that act as dynamic support and resistance levels.
Allows traders to see where the price may encounter barriers or breakouts based on historical data.
Trend Forecasting:
The indicator helps identify trend changes by displaying angular lines that indicate the direction of price movement (uptrend or downtrend).
Supports angle customization (e.g. 22.5°, 45°, 67.5°) to adapt the analysis to different market conditions.
Flexibility and customization:
The user can customize parameters such as the starting price (maximum or minimum), the angle of the lines, the number of levels (e.g. Kol_lev) and the colors of the lines (e.g. green for support, red for resistance).
Supports the choice of line style (solid, dotted) and their thickness for better visualization.
Integration with other tools:
Works in combination with classic MT4 indicators such as ZigZag for more accurate determination of reversal points.
Can be used with Fibonacci Levels or Moving Averages to confirm signals.

Usage:
Look for price intersections with Gann angle lines to determine entries and exits.
In an uptrend, enter a buy if the price breaks the 22.5° level upwards with confirmation of a candlestick pattern (e.g. “hammer”).
In a downtrend, enter a sell trade if the price breaks the 22.5° level down with a bearish candle (e.g. shooting star).
Set stop loss below/above the nearest Gann level and take profit at the next significant level.
Advantages:
Easy to set up and use, even for beginner traders.
Provides long-term and short-term forecasts based on geometric principles.
Suitable for trend following and reversal trading strategies.
Free version available for testing on a demo account.
Limitations:
Requires a basic understanding of Gann theory to use effectively (it is recommended to study W.D. Gann’s materials).
ZigZag used for calculation may repaint, requiring confirmation of the signal with price action.
Effectiveness depends on the correct choice of initial parameters (e.g. historical extreme).