Gann Multi Trend Indicator

Gann Multi Trend Indicator

Gann Multi Trend Indicator offers the best trend signals for forex day trading. Determines classic trend reversals and points to precise buy-sell positions

The Gann Multi Trend Indicator delivers super-fast trend signals and helps traders determine precise buy-sell positions for day trading and scalping in forex.

Short-term trading always sounds exciting since it comprises frequent trading and quick money-making opportunities. However, this type of trading involves higher risks of losing more than you earn. Most day traders lose money every day due to low-quality trading signals generated by poorly programmed indicators. So, surviving with short-term trading requires high-quality trading strategies or indicators that can generate highly probable trade signals.

The Gann Multi Trend Indicator has been specially designed for short-term forex trading. It involves three dynamic support/resistance tools that determine correct buy/sell zones in live markets. As a scalping/day trading tool, it works better in smaller timeframes like M1, M5, and M15. Also, it supports trading stocks, cryptocurrencies, and commodities besides forex currency pairs.

This guide explains how this indicator works and how to use it to anticipate accurate day trading signals. Also, we’ve discussed its MT4 settings showing how to customize it according to your requirements.

How to apply the Gann Multi Trend Indicator for profitable forex day trading in MT4?

The Gann Multi Trend Indicator comprises three types of trendlines configured with different parameters. Bar1 offers the fastest trend reversal signals since it is the most sensitive band of the indicator. Bar2 shows the mid-term changes in the market trends, whereas Bar3 spots intraday changes in trend directions.

The indicator switches the colors of its bands between green and red to signal the direction of the newly formed market trend. During a bullish trend, all the bands turn green and switch to the top of the candlestick highs. Conversely, the bands turn red and position themselves below the candle-lows to signal a bearish trend.

Whenever the Gann Multi Trend bars confirm a trend direction, look for buy/sell opportunities within the new trend direction. Most importantly, not every signal will make you profit, mainly when you apply it during a choppy or sidelined market condition. For instance, you may go for a long entry when the price breaks above its recent high, plots a bullish reversal candlestick pattern, and the indicator bars turn green all at the same time.

Conclusion
As a non-repaint indicator, the Gann Multi Trend generates trend signals with greater accuracy. However, as a day trading tool, it may offer frequent signals during choppy markets. For this reason, the developer has included three signal bars at a time so that you can easily filter and pick the strongest buy/sell setups. Moreover, this versatile trend detector perfectly fits all forex and stock day trading strategies built for MetaTrader 4 platform.