Gann Angels Indicator

Gann Angels Price Projection indicator shows you the support & resistance price level. this method is developed by Daniel T. Ferrera in his book “THE GANN PYRAMID SQUARE OF NINE ESSENTIALS”.

All you need to do is just enter your low or high price on market and Gann Angels indicator Calculate the Price Traget levels like:

  • Gann Angel 1×4 Price Level
  • Gann Angel 1×3 Price Level
  • Gann Angel 1×2 Price Level
  • Gann Angel 1×1 Price Level
  • Gann Angel 2×1 Price Level
  • Gann Angel 3×1 Price Level
  • Gann Angel 4×1 Price Level
  • Gann Angel 8×1 Price Level

Here is Descriptions:

For Adding Gann Angels to your Meta trader 4, First copy Gann Angels.ex4 To Indicator Folder on Meta trader 4 Program Installation Root. Then You Have to set 2 Field:

  1. Price
  2. Price Type

First. You should find a major low or high on chart. To get that, I suggest you to go to a higher time frame on chart and get a high or low price.

Then go to indicator and enter ther price and choos the price you entered is high or low.

And last. You have some lines which are:

1st line: 1×4

2nd line: 1×3

3rd line: 1×2

4th line: 1×1

5th line: 2×1

6th line: 3×1

7th line: 4×1

8th line: 8×1

Let see how Gann Angels indicator set and works:

 

EUR/JPY price make a high on 2013/12/07 with price 145.677.

Gann Angels Indicator

So. We set our indicator on 145.677 type high.

Gann Angels Indicator

You can see the price gann angel level which are shown on chart.

Gann Angels Indicator

By standing with mouse pointer on each line. You can see the price level and line number.

Gann Angels Indicator

As you can see on chart, the price goes down until it hit the 1×3 level, and then reverse. You can see the price reaction on Gann Angels Indicator.

Gann Angels Indicator

After 10 month, on 2014/10/16, EUR/JPY Price Hits exactly on Gann 1×2 Level and then reverse. This is how it works.

Gann Angels Indicator

Lets see some Examples:

GBP/CHF make a Low on 2013/02/25 with price 1.39646. We enter that price and set our type on low.

Gann Angels Indicator

You can see Gann Levels and Reaction of Chart price with these Levels.

AUD/CAD make a Low on 2017/01/02 with price 0.9591. We enter that price and set our type on low.

You can see Gann Levels and Reaction of Chart price with these Levels.

NZD/USD make a High on 2017/07/27 with price 0.75573. We enter that price and set our type on low.

You can see Gann Levels and Reaction of Chart price with these Levels.

Hope You Enjoy It!

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