Gann Trend Oscillator MTF Indicator MT4

The Gann Trend Oscillator MTF Indicator MT4 (MetaTrader 4) is a robust buy/sell trend oscillator rooted in the renowned Gann trading methodology. This powerful indicator manifests as distinct colored histogram bars within an independent window. These colorful bars corresponds with trend direction in the market. This forex MT4 indicator is available for free download.

Gann Trend Oscillator MTF Indicator MT4: Introduction

MT4 Indicator Overview

The download link of the Gann Trend Oscillator MTF MT4 indicator is placed at the bottom of this post – once you’re done, your Metatrader 4 trading chart should look similar to the example below.

The Gann Trend Oscillator MTF indicator delivers clear-cut signals. To grasp its guidance effectively, simply familiarize yourself with the meanings associated with each color, as outlined below.

Trading Rules

Initiate a buy position promptly upon sighting the first blue-colored trend bar on the lower chart. Set the stop loss just below the support level to manage risk. To secure profits, either exit the buy trade when it reaches a predetermined target or await the appearance of a violet-colored trend bar.

Similarly, enter a sell position without delay once the initial violet-colored trend bar emerges on the lower chart. Implement a stop loss above the resistance level for effective risk control. When seeking profits, you have the option to close the sell trade upon reaching a fixed target or patiently observe the appearance of a blue-colored trend bar.

Essential Highlights

Suitable for any time frame, offering versatility in its application.
Demonstrates strong performance in trending markets, enhancing its effectiveness.
Maintains the integrity of trend bars without repainting, ensuring reliable signals.

MT4 Indicators: Download and Installation Instructions

Download the Gann Trend Oscillator MTF Indicator MT4.rar archive at the bottom of this post, unpack it, then copy and paste the gann-trend-oscillator-mtf.ex4 or gann-trend-oscillator-mtf.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.