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The Gann SSL Indicator is a top trading indicator that is designed to work with William Gann’s advanced trading strategies.
William Gann’s strategies for analyzing the market are based on dividing price fluctuations into a sequence of bullish and bearish impulses. This method was shown to be more accurate than the students’ projections.
As you add the Gann to the chart on MT4, you’ll see it automatically create a line that reflects changes in price.
How does the Gann SSL Indicator work?
The logic is simple:
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If the market is above the indicator line, it’s in a bullish trend.
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If the price is below the indicator line, the market is currently in a bearish trend
The examples below show how to trade using the Gann SSL Indicator.
Conclusion
Gann SSL Indicator for Metatrader 4 is made for traders who want to follow the trend and use William Gann’s classic, timeless methods.
The indicator is a line that the price must cross before a trade signal is issued. This way, you’ll be alerted when the price crosses the line & can do something about it.
Advantages of the Gann SSL Indicator:
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super easy to understand;
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you can trade in forex, crypto and other markets
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does not repaint;
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sensitivity can be adjusted;
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Support and resistance levels are amongst the many tools that can be combined with trading techniques.
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can be used by investors on daily and weekly price charts.
Disadvantages:
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doesn’t contain alerts;
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It can be hard to interpret a constantly shifting market. There are always going to be false signals.
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