Until 31st Jan, 2019 Offer
- Access to the indicator
- Auto software upgrade
- Free web manual
- Maximum activation for 5 devices
- Life time technical support
|Current Version :||1.35|
|Updated :||10th Jan, 2019|
|Published :||22nd April, 2016|
|Operating System :||Windows 7/8/10|
How to purchase
You can purchase or rent this indicator from mql5 site directly.
What it does?
It shows intraday support & resistance levels.
What it does not?
This is not a standalone system hence consulting with other technical analysis will be highly recommended.
Gann Pivot Indicator
Metatrader WD Gann
Indicator which almost accurately predict intraday top bottoms with daily pivot points, support & resistance levels. 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.
Top 6 features:
WD Gann Master Charts
shows intraday support resistance
using current day or previous day high lows
Custom Timing Options
can be used on different forex market hours
shows hourly pivot
Gann Grid Chart
ultimate gann grid trading system
Email Alert System
2 types of price alert with support and resistance levels
Best works with 1 minute, 5 minutes & 15 minutes chart. Grids are best visible on 1 minute chart.
Anything from scalping to position trading
Mostly works great with Forex pairs,Gold,Silver, Crude Oil, Indices. Only need to adjust the scale.
Manual Version : 1.4
- WD Gann History
- Scale Settings
- Dashboard Parameters
- Day Strength Forecast (Historical Analysis)
- Daily Pivot Points
- Hourly Pivot Points
- Custom Pivot Points
- Gann Grid
- Custom Timing
- Price Alert
WD Gann History
William Delbert Gann commonly known as WD Gann was a legendary trader back in 18th to 19th century. He is famous till today for his mathematical formula which can predict important high and lows with greater accuracy in the financial market. He had developed different types of master charts, like the square root of nine, the circle of 360, hexagon chart etc back in the 19th century.
This indicator is developed with WD Gann mythologies smartly tuned for the modern financial 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 has following scaling options,
|0.01 cent or 1 pip||Works best with Forex pairs|
|0.1 cent or 10 pips||Works better with WTI crude oil, silver|
|$1 or more||Indices, Gold, BTCUSD bitcoin|
Dashboard contains 3 sections:
|Daily Strength:||Forecast possible trend at the start of the day in advance.|
|Master Chart Degree||Shows degree value of
|Current Trend||Shows current trend in different time frames|
At the wd gann master chart degree section, it shows 3 types of degree categories based on their importance.
- Major Degree:
Highly important, if market forms tops or bottoms around these degree or if the high and low degree difference is around this degree, that indicates a major change.
- Cardinal Degree:
Second most important degree, cardinal means change, so in this case change in trend.
- Minor Degree:
If high low formed near to this degree that indicates short term change in trend, possible trend correction.
How to trade with Gann master chart?
As we have previously mentioned about the master degree categories, among that list cardinal degrees are for change in trend. In the picture below with GBPUSD forex currency pair, we can see day high formed at 45 degrees & market already created a double top. So possibilities for the rest of the forex market session, GBPUSD will stay down from that top.
Usage of master chart degrees:
With the current version, you can find dashboard shows eleven types of degree values of current price & time, plus the current day low & high data. If you looked into the text dashboard, then at glance you can see what is the current intraday situation of the market. You can easily understand the market structure.
If you see there are some cardinal degrees formed with day low or day low timing or any kind of relationship with the day low. Then we can predict that day low is the fixed area, there are fewer possibilities that day low will get broken. So we can buy from day low or make day low as our buy trade stop loss.
Even if you trade binary options, then you can always place a call options above that day low. Please refer to the below example.
See with the above EURAUD example, High time was 337 degrees with is a minor degree. So we can sell below the day high and keep selling until day low formed around any special master chart degree or day ends. Later notice, day low was a major degree timing. Plus high time & low time difference was 68 degree which is a minor degree. So all this indicates, we should keep selling from day top. It was almost 118 pips movement.
Day Strength Historical Analysis:
As we have mentioned before, day strength get indicated at the start of the day in advance, so here we are going to share our historical backtesting results with this feature.
It predicts whether market it will be
for the day. Hence we have done a backtest with past dates, to find the accuracy of the forecast.
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 – 2018|
|EURAUD||80%||99%||2004 – 2018|
|EURGBP||44%||88%||1999 – 2018|
|EURJPY||49%||81%||1999 – 2018|
|EURUSD||73%||97%||1999 – 2018|
|GBPAUD||90%||99%||2008 – 2018|
|GBPJPY||88%||99%||1999 – 2018|
|GBPUSD||75%||90%||1999 – 2018|
|USDCAD||54%||86%||2011 – 2018|
|USDJPY||68%||96%||1999 – 2018|
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.
Using Daily Pivot Points:
Daily Pivots are support and resistance levels, which has two parts
- Major Support Resistance levels.
- Minor Support Resistance levels.
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|
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.
Example 3: USDCAD
Now, another example with USDCAD.
You can see the market is creating day top around hourly R1 (Resistance) level. Also made day low around daily minor S1 (Support) level.
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 4: 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).
Example 5: Silver/USD
See day low formed around Custom Pivot R2. There is a more interesting thing with master chart degrees. Day high low price difference is 43 degree is which is near to the cardinal degree of 45.
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.
How to trade with gann grid chart?
With WD Gann chart layout you will sometimes see, market creating sharp tops or bottoms around the diagonal support and resistance levels. Look at the example below, GBPJPY created day high sharply on the bearish diagonal grid line. Not just one time, two times!
Learn more about Grid chart trading here from our day trading strategies:
Example 6: 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:
Alert system has two types of price alert:
- Price at pivot resistance
- Price at pivot support
- Time price at conjunction point
You can select the gap between alerts. Everytime market goes near to any major or minor support/resistance level or touches that level, you will receive a terminal alert, mobile push notification alert or email alert according to your choice.
Also you can get alert everytime market reaches to any major or minor grid line conjunction points. Which is proven to be very useful.
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 doest work. Then open a ticket at the MetaQuotes support center.
Can I buy this software / indicator?
Yes, you can buy this indicator. Also you before buying you can also rent this indicator for one month to test before investing.
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 9, that means if you rent it for one month, under that license you can use this indicator on 9 devices maximum.
Forex Pivot Points