Introduction to the Gann SSL Indicator
The Gann SSL Indicator works in a very similar manner to the Moving Average indicator, but it is more clear on suggesting the trend direction. Price below the Gann SSL indicates a bearish trend-momentum. Conversely, when price hovers above the Gann SSL, it is a bullish trend-momentum.
The Gann SSL Indicator fits all kinds of timeframes and currency pairs. It is displayed directly on the main trading chart. The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
Example trade with the Gann SSL Indicator
Below is the screenshot of an example trade with the Gann SSL Indicator.
As you can see price switched from above the Gann SLL to below it. Then, a downward impulse took place. There was also a very clear moment to close the trade.
How to set up the Gann SSL indicator in MetaTrader (MT4)?
Download the Gann SSL.rar archive at the bottom of this post, unpack it, then copy and paste the Gann SSL.ex4 or Gann SSL.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
The Gann SSL indicator is well worth adding to your trading collection. A good forex indicator will most probably enhance your chance of success. Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it. Don’t forget that we still have more great free forex MT4 indicators to download and try.
Download Free Forex MT4 Gann SSL Indicator
To download the Gann SSL Indicator for Metatrader 4 (MT4) for free just click the button below: