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Gann Swings XVI

Gann Swings XVI indicator is a useful and popular Forex indicator that is available for free on the MT4 platform. It is designed to identify swings in the market that are likely to result in a reversal of the trend. It is also customizable, allowing traders to adjust the parameters of the indicator to suit their individual trading needs.

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Description

The Gann Swings XVI Indicator has emerged as a valuable and popular free tool for traders using the MetaTrader 4 (MT4) platform. This innovative indicator is based on the renowned Gann Swing charting technique, developed by the legendary trader W.D. Gann, and is designed to help traders identify potential swing highs and lows in the market.

Features of the Gann Swings XVI Indicator

The key feature of the Indicator is its ability to identify potential swing points in the market by combining price action and swing highs and lows. The indicator plots a yellow line on the chart, which is based on the highs and lows of the price action, and then uses this line to indicate potential swing points.

In addition to the yellow line, the Gann Swings XVI Indicator also provides traders with a visual representation of the market’s trend, using red and blue dots to highlight potential buy and sell signals at the lows and highs of the candlesticks. This intuitive color-coding system makes it easy for traders to quickly identify potential trading opportunities.

How the Gann Swings XVI Indicator Can Benefit You

The Indicator offers a wealth of benefits to Forex traders, particularly those who specialize in swing trading. By providing clear and accurate signals on potential swing highs and lows, this tool empowers traders to make more informed buy and sell decisions, potentially enhancing their overall trading performance.

Whether you’re a seasoned trader or a newcomer to the Forex market, the Gann Swings XVI Indicator can be a valuable asset, helping you to navigate the complexities of the market and capitalize on emerging opportunities.

Indicator Settings

Kind, ShowHiLo, ShowOutSideBars, MoveLastSwing: These are input settings for Gann line calculation.

Conclusion

The Gann Swings XVI Indicator is a powerful and free tool that can revolutionize the way traders approach swing trading in the Forex market. By offering a comprehensive and user-friendly solution for identifying potential swing points, this indicator gives traders the edge they need to succeed in the fast-paced trading environment. Whether you’re looking to refine your existing trading strategy or explore new avenues for growth, the Indicator is a must-have addition to your trading arsenal. Download the indicator for free and unlock the full potential of the Forex market.

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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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