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Auto Gann Angle

Auto Gann Angle Indicator is a useful and popular free Forex indicator for MT4. It uses a combination of moving averages and Gann angles to identify potential trade signals. The indicator plots Gann angles on the chart and draws support and resistance lines to indicate potential entry and exit points. It also provides a visual representation of the trend and its direction. The Auto Gann Angle Indicator is easy to use and can be used to identify short-term and long-term trends. It is a great tool for traders who want to identify potential trade opportunities and maximize their profits.

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Description

The Auto Gann Angle Indicator is a highly sought-after and popular tool for traders on the MetaTrader 4 (MT4) platform. This indicator utilizes the renowned Gann angle theory to help traders identify potential support and resistance levels, as well as the overall trend direction on the forex charts.

Features of the Auto Gann Angle Indicator

The core strength of the Auto Gann Angle Indicator lies in its ability to automatically plot multiple blue trend lines, which act as dynamic price channels. In addition to these Gann angles, the indicator also includes horizontal red support and resistance levels, providing traders with a comprehensive view of the market’s structure.

This comprehensive approach empowers traders to anticipate potential price breakouts and identify the optimal entry and exit points for their trades. The indicator’s seamless integration with the MT4 platform ensures a user-friendly experience, allowing traders of all skill levels to easily incorporate it into their trading strategies.

How the Auto Gann Angle Indicator Can Benefit You

By incorporating the Auto Gann Angle Indicator into your trading arsenal, you can gain a significant edge in the forex market. This powerful tool enables you to identify high-probability trading opportunities, spot potential price reversals, and make more informed trading decisions.

Whether you’re a seasoned trader or a newcomer to the forex market, the Auto Gann Angle Indicator can be a valuable asset. Its intuitive visual cues and easy-to-understand interface make it accessible to traders of all skill levels, allowing you to quickly integrate it into your existing trading workflow.

Indicator Settings

Complect: Changing this value modifies the internal wave patterns and oscillation modes of the indicator.

Save: This setting determines whether the indicator will save and preserve the trend lines it has drawn over time.

Bar Point 1/2: These settings adjust the parameters that define the source points for the higher and lower Gann angle calculations.

Job Date: This setting controls whether the indicator will display price interaction logs and record the performance of the indicator levels.

Low Point 1: This enables or disables an additional starting point for the Gann angle lines.

nK: This sets the number of periods used to calculate the deviation or standard deviation of the indicator.

Basic Day: This adjusts the maximum valid duration or lifetime of each individual trend line drawn by the indicator.

Line Step: This determines whether horizontal support and resistance levels will be shown on the chart.

Conclusion

The Auto Gann Angle Indicator is a versatile and reliable tool that can help forex traders navigate the dynamic market with increased confidence and precision. By leveraging the power of Gann angle theory, this indicator empowers you to identify key support and resistance levels, anticipate potential price breakouts, and make more informed trading decisions. Download the Auto Gann Angle Indicator for MT4 today and unlock your full trading potential.

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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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