The Gann SSL Indicator for MT4 is specifically created to facilitate forex trading through the techniques formulated by the renowned trader William Gann and it’s available to free download. His strategy entails dividing price movements into a series of bullish and bearish surges.
Sounds interesting? Let’s take a closer look at it and bring some practical trading examples.
Introducing the Gann SSL Indicator
MT4 Indicator Overview
The download link of the Gann SSL MT4 indicator is placed at the bottom of this post. Once you’re done, your trading chart should look similar to the example below.
One may notice that it works in a very similar manner to the Moving Average indicator, however, it is more clear in suggesting the trend direction. The price below the Gann SSL indicates a bearish trend-momentum. Conversely, when the price hovers above the Gann SSL, it is a bullish trend-momentum.
Let’s take a look at that sell trade below.
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.
There are several advantages to using the Gann SSL Indicator for trading, including:
- Ease of use: The indicator is straightforward and easy to understand, even for beginners.
- Versatility: The Gann SSL Indicator can be used for trading different markets, such as forex, crypto, equities, and more.
- Non-repainting: The indicator does not repaint, meaning that signals remain fixed once they appear on the chart.
- Adjustable sensitivity: Traders can adjust the indicator’s sensitivity to their liking, making it more suitable for their trading style.
- Compatibility: The Gann SSL Indicator can be used in conjunction with other techniques, such as support and resistance levels, to improve trading accuracy.
- Suitable for different time frames: The indicator can be used on daily and weekly price charts, making it a useful tool for both short-term and long-term forex investors.
Actually there is only one variable available for customization and it is LB – wave length. The lower the value, the faster the waves will be alternating.
How to set up the Gann SSL indicator in MetaTrader (MT4)?
Forex Indicator Installation And Download
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 employs the renowned trading methods of William Gann to facilitate trend trading. By utilizing a single line, this forex indicator generates trading signals when the price intersects the line. However, it is important to note that Gann’s theory is a comprehensive one and cannot be solely represented by a simple indicator that automatically provides buy and sell signals. It is advisable to acquire a fundamental understanding of the theory before employing the indicator in trading.
Download Free Forex Gann SSL MT4 Indicator
To download the Gann SSL Indicator for Metatrader 4 (MT4) for free just click the button below: