Gann Fan and Fibonacci Indicator for MetaTrader4 - Free-[TFlab]

The Gann Fan and Fibonacci Indicator for MT4 is a sophisticated analytical tool that combines two classical methods of technical analysis. By merging Gann angle theory with Fibonacci retracement levels, it allows traders to pinpoint price- and time-sensitive zones with greater precision across multiple markets, including Forex, equities, indices, commodities, and cryptocurrencies.
In contrast to indicators that depend exclusively on price data, this tool examines the relationship between price and time, applying Gann’s geometric angles alongside key Fibonacci ratios to deliver deeper market insights.

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/13...tatrader-5-mt5

For instructions on how to install:

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

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Key Features of the Gann Fan and Fibonacci Indicator

1. Category: Trading Assist MT4 Indicators, Levels MT4 Indicators

1. Platform: MetaTrader 4 (MT4)

1. Skill Level: Suitable for intermediate traders

1. Indicator Type: Reversal MT4 Indicator

1. Timeframe Support: Multi-timeframe compatibility

1. Trading Styles: Designed for intraday strategies

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

Gann Fan and Fibonacci at a Glance
Within the MetaTrader 4 platform, the Gann Fan and Fibonacci indicator combines Gann angles with Fibonacci retracement levels to highlight areas of support, resistance, and potential reversals.

1. Gann Angles: Diagonal lines that illustrate the relationship between time and price.

1. Fibonacci Levels: Horizontal retracement lines that indicate possible pullbacks or continuation zones.

1. Integrated Analysis: When both elements overlap, the likelihood of a market reaction increases, helping traders identify more accurate entry and exit points.

Indicator in an Uptrend

1. A buy signal is generated when the price touches a Gann support angle that coincides with a Fibonacci retracement level (e.g., 61.8%).

1. If the market responds positively within this range, it is considered a valid long entry setup.

Indicator in a Downtrend

1. A sell signal occurs when the price tests a Gann resistance angle while aligning with a Fibonacci retracement level.

1. If momentum weakens and the price stalls in this area, it signals a potential short entry opportunity.

Gann Fan and Fibonacci Indicator Settings in MT4
The indicator provides a customizable settings panel that enables traders to fine-tune parameters for ZigZag patterns, Fibonacci retracements, and fan lines for optimal performance.

ZigZag Settings

1. Depth: Adjusts the sensitivity to price swings

1. Deviation: Sets the tolerance in pips/points

1. Backstep: Determines the minimum bar distance for reversals

1. Maximum Bars: Defines the number of candles analyzed

Fibonacci Retracement

1. Ability to show retracement levels with customizable line style, width, and color

1. Standard Levels: 0%, 38.2%, 50%, 61.8%, 100%

1. Additional Levels: 14.6%, 23.6%, 76.4%, 88.6%, 127.2%

1. Option to display price values at each retracement level

Fibonacci Fan

1. Adjustable fan lines with user-defined style, width, and color

1. Core Levels: 38.2%, 50%, 61.8%

1. Extra Levels: 14.6%, 23.6%, 76.4%

Conclusion
The Gann Fan and Fibonacci Indicator for MT4 unifies two classic analytical approaches into a single, powerful tool. By combining Gann’s price-time angles with Fibonacci retracement ratios, it delivers a structured framework for identifying critical support and resistance zones as well as high-probability reversal points.
This dual-layered analysis of time and price equips traders with reliable insights, improving precision in both entry and exit strategies across multiple financial markets.