Legacy of Gann Indicator for MetaTrader4 (MT4) - Free [TFlab]

The Legacy of Gann Indicator MT4is an advanced trading tool for MetaTrader 4, built on the analytical principles of William Delbert Gann. It integrates the relationship between price and time to accurately project potential market reversal zones. By combining geometric patterns with sophisticated algorithms, the indicator helps traders identify high-probability buy and sell opportunities across a wide range of financial markets.

You can download it from this link:

https://cdn.tradingfinder.com/file/5...4-by-tflab.zip

You can also access the MetaTrader 5 version of this Indicator through this page:

https://www.metalsmine.com/thread/po...7#post15407847

For instructions on how to install:

https://www.forexfactory.com/thread/...-in-metatrader



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Key Features of the Legacy of Gann Indicator

1. Indicator Categories: Signal & Forecast, Trading Assist, Levels MT4 Indicators

1. Platform Compatibility: MetaTrader 4 (MT4)

1. Trading Skill Level: Intermediate

1. Indicator Type: Reversal Indicator

1. Timeframe: Multi-Timeframe support

1. Trading Style: Designed for intraday strategies

1. Applicable Instruments: Forex, cryptocurrencies, indices, commodities, and stocks

Overview of the Legacy of Gann Indicator
The Legacy of Gann Indicator is built on the trading principles of William Delbert Gann, integrating both time and price analysis to identify potential market reversal zones. To use the tool, traders manually draw a triangle connecting three major swing points or pivots. Based on this structure, the indicator automatically calculates and projects critical time and price levels, which are then displayed directly on the chart.

The indicator highlights:

1. Bullish and bearish target levels

1. Potential Reversal Zones (PRZ)

1. Key time periods where market reactions are most probable

In addition, the system generates buy and sell signals supported by audio, visual, and notification alerts. Signal confirmation is based on factors such as candlestick behavior, triangle formation, and time alignment.

Bullish Market Scenario
In bullish conditions, the Legacy of Gann Indicator is most effective when a triangle is drawn within a corrective zone or near the market bottom. For example, on the NZD/JPY 5-minute chart, a buy entry may be confirmed when the following conditions align:

1. Price approaches a critical Gann level

1. Formation of bullish candlestick patterns

1. Breakout above a resistance zone

Once confirmed, higher levels are identified as target zones, and the analysis is validated if the market reaches these points within the projected timeframe.

Bearish Market Scenario
In bearish setups, the Legacy of Gann Indicator identifies potential reversal areas when a triangle is positioned near a market top or following an upward correction. On the USD/CHF 5-minute chart, a sell entry may be triggered under these conditions:

1. Price approaching a primary resistance zone

1. Development of a bearish engulfing candlestick pattern

1. Evidence of negative divergence

After confirmation, the indicator issues a sell signal, and lower price levels become the designated downside targets.

Indicator Settings in MT4
The Legacy of Gann Indicator offers a wide range of customizable settings to enhance analytical precision:

1. Manual Mode – Activates manual triangle drawing

1. ZigZag Parameters (Depth, Deviation, Backstep) – Adjust swing point sensitivity

1. Maximum Bars – Defines the number of candles to analyze

1. Wave Display – Option to highlight impulse and corrective waves

1. Custom Colors – Adjustable for signals, targets, and stop levels

1. Alert Functions – Audio alerts, email notifications, and push notifications

1. Message Timeout – Sets the time interval between alerts

1. Message Subject – Allows customization of alert messages

Conclusion
The Legacy of Gann Indicator for MetaTrader 4 combines geometric analysis and time–price forecasting to pinpoint precise market reversal zones. By leveraging triangular structures and advanced algorithms, the indicator produces accurate buy and sell signals, complete with visual target levels and real-time alerts.
It serves as a powerful resource for intermediate-level traders aiming to refine intraday strategies and improve market timing with reliable, rule-based analysis.