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Gann Sq9 Sq 9

Combine two powerful classic MetaTrader indicators Gann Sq and ZigZag. Forex traders can automatically detect trend change and plot support and resistance with Gann Sq9 Sq 9 indicator. Avoid subjectivity and get support and resistance automatically. Download now to improve your forex trading performance.

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Description

The Gann Sq9 Sq 9 indicator for MT4 identifies a trend change using the classic Zigzag indicator and applies the Gann square. The Gann square levels act a support and resistance and helps forex traders to enter or exit the market effectively. Additionally, these levels act a stop loss and profit targets.

Features of Gann Sq9 Sq 9 MT4 Indicator

The indicator initiates plotting the Gann levels once price moves a minimum angle of 22.5 degrees. It plots the additional levels using the further angles of 45, 67.5, 90, 112.5, 135, 157.5, 180 degrees. In an uptrend these lines are green and red in a down trend.

Traders can enter the markets with a buy trade if price moves higher than 22.5 degrees with a stop loss below the 0 level. Similarly, traders can look to exit at a higher angle and book profits. A similar trading strategy can be applied in a bearish price trend.

Benefits of Gann Sq9 Sq 9 MT4 Indicator

The indicator is similar to Fibonacci indicator and plots the potential future support and resistance lines. As a result, new traders can identify the support and resistance lines without subjectivity. Traders should note that this indicator works on the principle of W.D Gann. So, new forex traders should educate themselves before trading.

Another important note is regarding the zigzag. Traders should understand that Zigzag re calculates according to price changes. So, traders should use price action to confirm the trading signals.

Indicator Settings Description

Angle_up:, Angle_dn: Minimum angle to start a new up or down trend calculation.

Width:, Style: Line width and style.

Kol_lev: Number of levels to display.

ResistanceColor:, SupportColor:, Level_0: Color settings.

Lev_V:, Level_V: Enables level v and sets color.

Complect: Starts trend calculation from the end of the previous one.

ExtDepth:, ExtDeviation:, ExtBackstep: Input for classic Zigzag calculation.

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How to Install

How install MT4/5 indicator in the terminal?

To install an MT4/5 indicator in the terminal, follow these steps:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.

Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.

And if asks to confirm DLL?

If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.

DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.

If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.

It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.

 

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