Gann SSL Indicator
Platform: MT4 Type: Trend Last update: November 2, 2024The Gann SSL Indicator for MT4 is specifically created to facilitate forex trading through the techniques formulated by the renowned trader William Gann. His strategy includes dividing price movements into a series of bullish and bearish surges.
Analysing the Gann SSL
Upon activation, 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.
Settings
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.
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