What is a WD Gann Intraday Pivot Indicator?
Indicator which almost accurately predict intraday top bottoms with daily pivot points, support & resistance levels.
Subcribe for 3 Months only $120.29 4.5% OFF
Subcribe for 6 Months only $230.99 9.2% OFF
Maximum activation for 5 Devices
Day Trading Success with WD Gann Mathematics
Provides better accuracy than other Metatrader Indicators. Professional tool for day traders, which also predicts time zones for market trend change. Market turning points.
WD Gann Master Chart
Most accurate gann master chart available on Metatrader 4 with scaling options. Works for all types of instruments. Stocks, Bonds, Forex, CFDs, Metals, Gold.
Shows dynamic support & resistance levels.
WD Gann Pivot Trade Signals
List of Trade Signals:
- Daily Pivot Points
- Hourly Pivot Points
- Custom Pivot Points
- Day Strength Indicator
- Trend Alert
- Time Pivot Levels
- WD Gann Master Grid Lines
- Current Price Time Trend
Daily Pivot Points
The indicator shows daily pivot points with minor, major support & resistance levels . Majority of the intraday top & bottoms forms around these levels. Hence it is very useful understanding market bias, market price structure. Predict possible entry & exit levels, take profit or stoploss.
List of available support & resistance levels:
|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|
Hourly Pivot Points:
The indicator shows hourly pivot points which is very helpful in terms of scalping or fine-tuning your entry levels & understanding the market, predicting possible low-risk areas for trade entries. Works best with merging the daily pivot to gauge market move.
The indicator shows up to 4 levels of support (S1, S2, S3, S4, S5, S6) & resistance (R1, R2, R3, R4, R5, R6).
Custom Pivot Points:
With this option, you can plot daily pivot points with following custom points.
- Current Day High
- Current Day Low
- Last Day High
- Last Day Low
It is more advancing the pivot points with customized calculation points according to your needs. Suppose if during any major session market forms a way too low bottom. Then you can use “Current Day Low” as a starting point to find the possible upcoming resistance levels. Which also can be used as possible targets or take profits merging with other levels & trend indicators. This custom pivot level comes with time pivot levels too. Which predicts potential time for a market change. (Explained in later part)
Day Strength Indicator:
This is one of a fine supportive tool to predict market trend strength in advance with the start of the trading day. It shows what will be the trend for the selected trading instruments.
We have a backtest result of this indicator since 1999 data, which has shown at least 85% average strike rate. (Please check the indicator backtesting tab for more details.) This helps you to decide which trading instrument to choose for the best possible outcome.
The indicator shows two types of trend alert:
- Price Time Strong Bullish Alert
- Price Time Strong Bearish Alert
You can get this alert on your Android, iPhone mobile device as a push notification. Plus you can get email alert or the basic MetaTrader terminal alert.
Time Pivot Levels:
This is basically the time zone or area where the market can possibly change its trend or make an important move. Like forming any top or bottoms etc. Very handy tool to predict market timing. It works in the same way with custom pivot indicator, where you can predict market timing based on those 4 custom options as entry points.
WD Gann Master Grid Lines:
This the most interesting part of this indicator, it fine-tunes trade entries at an excellent level. It a WD Gann Grid Layout which shows both price & time axis, providing the support & resistance levels with timing. It has following parts:
- Bullish Grid Line
- Bearish Grid Lines
- Conjunction Points (Where price time meets, important areas)
- Minor Grid Support & Resistance Levels
- Major Gird Support & Resistance Levels
The grid gets automatically adjusted with market price movement.
Current Price Time Trend:
This information gets shown on text dashboard at the left side of the indicator. It shows up the current trend & its trend strength for both price & time. While trading with Grid & other price levels, this is helpful to gauge market trend with this information. It automatically calculates based on market movement.
This indicator comes with a scaling option for using it with different types of trading instruments like Forex, Commodities, Stocks, CFDs, Indices. Scaling is a vital part of this indicator if scaling does not get adjusted properly then all WD Gann Pivot levels will not work or be shown properly. It has two scaling options, 0.01 cent or 1 pip / $1 or more (best for indices).
Note: In order to use different trading instrument other than forex, use custom timing option for plotting all levels correctly on the chart. Cause other instruments are not 24 hours market. Hence you need to use custom timing & enter correct start & end level. (More information can be found in indicator manual custom timing section)
WD Gann Pivot Backtesting Strategies
Day Strength Checking:
Indicator predicts day strength in advance at the start of the day. (Please read the manual)
It predicts whether market it will be weak, strong or stronger for the day. Hence we have done a backtest with past dates, to find the accuracy of the prediction.
How Data is Tested?
We checked if the trend is strong & stronger then is it touching the daily Major R1 or S1 or Minor R1 or S1 support & resistance levels or not.
|Currency Pair||Touched Major R1 or S1||Touched Minor R1 or S1||Testing Period|
|AUDUSD||63%||90%||2011 – till date|
|EURAUD||80%||99%||2004 – till date|
|EURGBP||44%||88%||1999 – till date|
|EURJPY||49%||81%||1999 – till date|
|EURUSD||73%||97%||1999 – till date|
|GBPAUD||90%||99%||2008 – till date|
|GBPJPY||88%||99%||1999 – till date|
|GBPUSD||75%||90%||1999 – till date|
|USDCAD||54%||86%||2011 – till date|
|USDJPY||68%||96%||1999 – till date|
How to utilize this information in day trading?
You can do a lot of things with it, if you trade binary options then you can trade one touch binary options with it. See the strike rate for individual currencies. Apply according to your needs.
In day trading, you only need to pick those currency pairs or trading instruments (it works for all type of trading instruments) where day trend shows “strong” or “stronger”. Place your target to minor or major support resistance level as you know there is a probability that market will touch those levels if you have placed the trade in the right direction.
Manual Version : 1.2
(Under Process will be available in next 48 hours)
- Indicator Usage
- Scaling The Indicator
- Indicator Dashboard & Functions
- Daily Pivot Points
- Hourly Pivot Points
- Custom Pivot Points
- Gann Grid
- Custom Timing
This indicator is developed with WD Gann mechanism with modern science for the modern market. Indicator backtest result since 1999 proved it works frequently. Not just 1999. The applied method on 18th-century data also worked with different markets. The method works for anything that has a quote even for cryptocurrencies.
Indicator plots acute support & resistance levels, Dynamic Trendlines, Gann Master Chart Grid Layout, Key Times (where the market can change trend) on intraday charts with custom parameters.(Subject to consider with market price action). A perfect and complete tool for swing day traders, scalpers.
Scaling The Indicator:
Indicator has two scaling option,
- 0.01 cent or 1 pip
- $1 or more (Non-FX Instruments, Indices, Commodities)
1st is one for forex and crude oils, silvers which get quoted as 19.95 or 123.56 etc.
Indicator Dashboard & its Functions:
- Day Trend Strength: This shows early indication of the trend with the start of the day.
- Price Trend Zone: This shows price trend zone in the following manner: strong/weak bullish or strong/weak bearish.
- Time Trend Zone: This shows time trend zone in the following manner: strong/weak bullish or strong/weak bearish.
When both Price & Time Trend shows strongly bullish or bearish that is a signal for trade in that direction. But it is always recommended to judge with other technical & fundamental analysis along with it.
Sometimes it shows early indication near to any support or resistance level. For example, near to a support are if price or time both shows weak bearish, that is an early sign that market will reverse & possible buy trade.
Using Daily Pivot Points:
Daily Pivots are support and resistance levels, which has two parts
- Major Support Resistance levels.
- Minor Support Resistance levels.
Notes! 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.
Somedays major S/R levels work good, some days Minor S/R works good (especially on weak days)
Example 1: GBPJPY
In this picture above, you can see the whole intraday market structure with GBPJPY (Pound Yen). There was a lot of opportunity on that day, with earnings of more than 200 pips in one day. First during the London session market has fallen from minor resistance (R1) by creating a failure swing high (small green arrow marked). It moved up to the Major Support (S1) level. Based on our backtesting result since 1999. We know during a strong day (see in the text dashboard showing 3 green blocks) GBPJPY has 88% chances to touch any of its Major Support or Resistance levels.
Hence it is our target for sell. The later market moved straight 150 pips up with Major Forex news release GBP Bank rate votes.
Using Hourly Pivot Points:
Hourly pivot is a secondary minor factor which trader use to match up with daily pivot to get weight into their trading decisions. Hourly pivot does works as a standalone system.
Example 2: GBPAUD
In this picture above, see at the small arrow marked area, the market created a bottom at hourly support level which is also near to the daily major support level. Possibilities that market will move up from there.
Using Custom Pivot Points:
Custom Pivots are two types custom pivot price lines, custom pivot timelines. Timelines indicate important key time for the market to change trend. Both can be plotted with 4 user selected parameters:
- Current day high
- Last Day High
- Current Day Low
- Last Day Low
It is not necessary that both time pivot & price pivot will work together. Both systems can works differently for different markets. The user can either use custom price pivot or time pivot or both.
Example 3: EURJPY
In the example above, we have plotted custom pivot points with custom key timing. We used last day top as the starting point. We can see after opening the EURJPY market started to fall until S4 support, which also a major S3 support.
See market formed the day low around the custom pivot points support area and around a key time (marked with a small green arrow).
Using Gann Master Grid Chart Layout:
It contains, dynamic support & resistance levels which are marked as “Bullish Grid” & “Bearish Grid“. Also, it plots horizontal price levels & vertical time lines.
- As long as the market stays above any bullish grid lines it’s in uptrend from that grid line.
- As long as the market stays below any bearish grid lines it’s in downtrend from that grid line.
That means the trend here works as a point to point system.
Grid lines have two types: Major Grid lines & Minor Grid lines. In general case, both together works well like daily pivots.
Example 4: EURAUD
In this picture above, we can see that EURAUD is following a trend channel with Gann bullish & bearish grid lines. You can decide your entry and exit with this grid channel. Also, can place trailing stops with this diagonal grid support & resistance levels. For Trendy pairs like GBPJPY, the market works inside the bullish bearish grid channels.
Using custom Timing for Non-FX instruments:
For Non-FX instruments which do get operated with 24 hours market structure them, the user needs to enable custom timing options. In order to do that, the first user needs to find out the custom timing for that specific instruments. From Market Watch Window, right click on the instrument & from right click menu click on Specification. To get Instrument Start hour & End hour. Below is the example of US30.
Input these data on indicator custom time settings:
Forex Pivot Points