Auto Gann Angle Indicator

Auto Gann Angle Indicator

Best Automatic Gann Angle MT4 indicator for technical forex & stock traders. Highlights key support/resistance levels & precise buy-sell signals on MTF charts.

The Auto Gann Angle Indicator applies a unique method of displaying long-term price projections on MT4 trading charts.

It combines automatic Gann Angle trend lines with horizontal support and resistance levels to spot potential buy-sell zones. The Gann angle highlights hidden event areas of the market, showing possible price reversal positions based on long-term price projections.

From a technical perspective, the Gann Angle indicator is a universal price-level indicator. It perfectly suits all the MetaTrader 4 timeframes. Besides, you can apply it to assess potential trade entry levels for all trading instruments, including forex, stocks, and cryptocurrencies.

This guide teaches you how to identify accurate buy/sell entry positions using the Auto Gann Angle Indicator in MT4.

How to trade forex and stocks using the Auto Gann Angle Indicator in MT4

The Auto Gann Angle Indicator plots multiple automatic trend lines which work as price channels. We’ll look to buy and sell signals near the trendline levels whenever the price enters inside the channel area. Apart from the Gaan angles, this indicator also includes horizontal support/resistance levels. It helps you to anticipate potential price breakout levels and precise trade entry positions.

In the above example, we’ve applied basic price reversal theory to anticipate buy-sell zones using the Auto Gann Angle Indicator. Initially, the price plotted a long-tailed bullish pin bar rejecting the trendline support of the channel. Later, the chart printed a false-break pattern at the same level, indicating a buy signal.

For sell confirmations, look for bearish trend reversal patterns near the trendline resistance. As you can see in the above EURUSD chart, whenever the price failed to exceed a horizontal or trendline resistance, the price generated a strong bearish move offering solid sell opportunities. So, anticipating trading opportunities using the Auto Gann Angle Indicator in MT4 is pretty easy. You only need to be able to read the price behavior around the support-resistance zones outlined by the indicator.

We recommend you set an automatic MT4 alert around the Gann Angle levels so that you get notified whenever the price enters into potential buy/sell zones.

Conclusion
The Auto Gann Angle Indicator maps the possible swinging points of future price movements on MT4 charts. Since it offers long-term price projections, you may not experience frequent interaction between the price and automatic trend lines. So, stay patient while looking for price-action signals around key market levels. Consider additional trend indicators alongside the automatic Gann angle trendline. Such an approach may help you to enter buy/sell orders following the correct market momentum.