How it helps?
Now you can plot WD gann master charts support resistance on the live chart.
With custom timing, use it on any instruments other than forex.
Multiple time frame analysis for better entry & exit.
The ultimate tool for grid trading with the time factor.
Never miss a trade with email, push message alerts on your device.
Access to the indicator
Auto software upgrade
Free web manual
Maximum activation for 5 devices
Life time technical support
Current Version :
27th Jan 2022
21st Sep 2019
Operating System :
1 min to 15 mins
Trading Style :
Traded on :
All, just adjust the scale
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Last updated on 30th Jan, 2022
A simple indicator for powerful day trading with WD Gann trading strategies; tweaked, especially for modern markets. WD Gann was a trader who was famous for discovering master charts, especially the square root of nine & circle of 360 degree.
The most essential part of this indicator. It has following scaling options that cover all major financial markets.
|0.01 cent or 1 pip||Works best with Forex pairs|
|0.1 cent or 10 pips||Works better with WTI crude oil, silver|
|$100||Indices, mid range stocks|
|$1000||Bitcoin, crypto currencies, indices|
|$10000||high market range stocks / indices|
It shows both indicator parameters along with controls.
“On” means currently activated on the current chart for the current day. If it is activated for the past chart, then it will show backtest & backtest date. It also shows indicator alert status in “on or in off” mode.
shows the current symbol or instrument name.
Shows currently selected scale.
Current day trend in Uptrend or downtrend. It also shows whether it is correcting any uptrend or downtrend.
By default, timing is set to 24 hours which is mainly used for the forex market. For other kinds of markets like stocks, equities, CFDs, indices & metals users can choose custom timing; start time and end time.
This is the control panel of the indicator where you can quickly on or off daily, hourly, 4 hourly pivots & grid chart display only by a click.
At top of the indicator panel, there is another button to quickly hide the indicator panel from the chart to view the trading chart better. You can also bring back the indicator panel by clicking it again on the “show” button.
Daily Pivot Points
It shows pivot points in two parts, major and minor.
The daily pivot level decides the day trend as it works with the larger time frame.
|Type||Support Levels||Resistance Levels|
|Major||S1, S2, S3, S4, S5, S6||R1, R2, R3, R4, R5, R6|
|Minor||S1, S2, S3, S4, S5, S6||R1, R2, R3, R4, R5, R6|
Among these levels, Major S1 or Major R1 is an important area for breakout or reversal. If breaks Major S1 or Major R1 that indicates a breakout trade.
This is indicator mainly targets multi time frame pivot analysis which has proven to be the most acute in the technical analysis field.
In multiple time frame analysis, we need to first check the daily pivot points, then we need to check the 4 hourly pivot points, lastly for more fine tunning use hourly pivot points.
More like clustering 3 pivot points altogether to get a proper entry or exit. Using hourly pivot points is optional. But in some cases, if fine-tuning required, then an hourly pivot can be used actively. It completely depends on the trader and market conditions.
It is advisable to use other technical analysis along with this indicator for trade confirmation. Observing Price action, Japanese candlestick, price pattern helps a lot.
EXAMPLE 1: GBPUSD
This one is from the last day chart, recent data.
Herewith the first picture, we can see GBPUSD has created a bottom near to Minor S1 = 1.23149.
By fine-tuning more, we see it standing near to H4 S3 = 1.2295 and narrowing down to hourly S2 = 1.22928
After that, it moved up goes above daily minor S1, which is the buy trade entry area.
In the next picture, obviously for the buy trade, stop loss should be the last low and then buying from point A.
Market eventually moved up to 58 pips until C point, which was a daily resistance area, also a registance area for 4 hourly pivot and as well as for the hourly pivot.
If you look properly then from A to C, market has given lots of chances to trailed the buy stop loss and keep adding new buy position to the trade.
Risk reward ratio was pretty good here, almost 1:2.
EXAMPLE 2: EURAUD (Trendy market)
What happens when you apply this indicator on a trendy one-directional market? It gives you lots of chances to keep trailing your positions like happened with EURAUD.
Here we have used 200 simple moving average along with 100 exponential moving average to view the trend retina friendly.
You can see at the A point, there was a moving average cross over also market was creating lower highs and falling below daily minor R1.
After that at point B, there was some sell re-entry opportunity that occurred near to the Major S1 area. Then totally fallen. With these daily pivot levels, one could trail their sell position or add a new position every time EURAUD breaks a new support level.
As the trend was very strong, therefore using only daily pivots gives you a clear picture as the market was breaking each daily support level one by one. So no need to create a messy chart.
EXAMPLE 3: EURUSD
In this example, we will show a EURUSD trade opportunity. At point A, it breaks the trend line and then fallen below the day open and keeps falling.
Moving average cross over later confirmed the bearish trend and it continues to move down until it hits the major daily support level.
It almost moved 53 pips from A point. So that was pretty a good trade. Notice before point A, the market hit a minor daily resistance level and reacted sharply.
You might ask I why should not be selling from that top, why from point A. The thing is you can sell from that top, with pretty low risk.
But at the top, the moving average trend was still bullish. As we mentioned to use other technical analyses. So based on the moving average our best entry was definitely when the price breaks the trendline and day open. Later moving average cross over confirms it.
EXAMPLE 4: US30 index (High volatility)
Now a non-forex symbol, US30. As its an index and high volatile, therefore direct using daily pivot points, can give us a clear picture.
Here the yellow box areas are the better trade zone, where the market has given trader lots of opportunity to re-entering on a trade.
EXAMPLE 5: WTI crude oil
For WTI we have used a 0.01 cent scale which gets used on Forex. Here best trade was at point A, where the market broke the trend line and crossed the major support level 2.
After that, it sharply created a top at the minor resistance level. Then there was a range area, not much to do here. But at point B, when the market broke major support level, it was a good sell trade, later moving average cross over also confirms the bearish movement.
It also hit the major support level 4 acutely and then bounce back.
EXAMPLE 6: USDCAD
Last but not least. Grid visual display is the best marking if you are planning for grid trading. Each square is equal by price and time. From a practical approach, grids are best to judge whether the market is in range or trending.
Grids also have major & minor support resistance levels. It has proven to be handy if you are planning to trade binary options. Cause with the grid you can mark on the timing also.
Grid display options
Grid display section has four options to choose, Major, minor, bullish and bearish grid. For a clear grid display, these separate options are available. Now we will show you each of those options and how it can help to give you a better display of intraday market structure.
Works pretty well, to observe the big picture of the market.
If you need more fine-tuning on the chart, then you can use grid minor display. But it is secondary.
Interesting one, if the market is trending up, then plotting bullish grid lines will give you a better visual.
Same as the bullish grid, if a market is trending down, then plotting this bearish grid will give you good entry points.
Sometimes merging major grid and bullish or bearish grid is proven to be useful along with daily pivot points.
Plotting too many lines on a chart can make a trader visually impaired. Therefore it is advisable to use selected pivot or gridlines on the chart, according to the market condition.
With basic indicator settings, you can choose the scale, color settings, font, line width, line style & last panel size.
Customizable screen size: By changing the panel size you can fit the indicator on any screen size, Smaller to Biggest.
For non-forex instruments, custom timing is mandatory. For setting up the custom timing, choose custom timing to “True”. Then add opening hour & minute plus closing hour & minute.
You can find this information from the instrument details. At MetaTrader market watch, right-click on the symbol & click on the instrument details.
Custom timing option settings
Input these data on indicator custom time settings:
Custom time input
Pivot History Bar
By default, the history bar is set to 0. Which means the current chart, current day. If the history bar is set to 1 that means the previous bar. So this way you can backtest directly on a live chart.
Nevertheless, with alert options, you can get two types of alerts.
Therefore you do not have to observe the chart for the whole day. You can set up the alert & run the MetaTrader on VPS. Alerts are available on the terminal, by email or mobile push messages.
Price alert settings
Also, you can get alert every time the market reaches to any major or minor grid line conjunction points. Which is proven to be very useful.In the example above, point A to C, was the perfect conjunction point where price exactly touched the timeline at the correct position.
Moreover, if you look at point B, then it is proven to be day low and at point C it was a good place for re-entry the buy position.
Looking at the examples above, you might think, it is a hindsight trading. But in reality, it is not. We can provide thousands of examples or even more for the majority of the trading days, where these levels are proven useful. But, including lots of examples here in the manual will make it lengthy. So we tried to include the recent market examples.
You can always backtest this indicator on past historical chart and see it yourself.
It is advisable to decide trade based on other trends confirming indicators along with the WD Gann support and resistance levels. Multiple timeframe pivot points mend best with multiple timeframe analysis. It is proven to be an excellent tool for great entry and exits.
Demo version installed, after renting product not working on MetaTrader
Please remove the indicator & restart the MetaTrader platform, then reinstall the indicator to make it work. If it still does not work. Then open a ticket at the MetaQuotes support center.
Can I buy this software / indicator?
You can subscribe to this indicator with monthly price. For 3 months subscription, discount is available.
What is maximum activation means?
It means maximum for how many devices you can use this indicator under your current license. If maximum activation is 5, that means if you rent it for one month, under that license you can use this indicator on 5 devices maximum.
Why 5 minutes timeframe used?
For finding a sweet spot in day trading, 5 minutes chart as pretty useful. For sharper entry, consulting 1minute, 5 minutes is always helpful. You can use an hourly chart too, for looking at the big picture of the market.