- Can someone tell me how to use GANN FAN in MT4
- Requests & Ideas
- Metatrader 5: Bug Gann Fans
Try this, for intraday mostly. Put Fractals indicator and drag the fans (without changing their angles) to indicated tops and bottoms.
You may need to edit the first if's if your broker uses symbols like EURUSD.eur or WTI for Oil (LCrudeOil in my code).
Try this, for intraday mostly. Put Fractals indicator and drag the fans (without changing their angles) to indicated tops and bottoms.
You may need to edit the first if's if your broker uses symbols like EURUSD.eur or WTI for Oil (LCrudeOil in my code).
If you really want to know you need to read Gann's courses, there is a special one about angles. In short you must backtest angles in price per time (not in degrees) against historical prices. Whatever fits best will also fit the future.
There is no "Gann grid", MetaQuotes made it up.
Their Gann Fan tool is also not good, as it doesn't keep the angles on timeframe change. The Fibonacci fan tool with fixed settings does much better job.
The script I posted draws two Fibonacci fans with such settings for EURUSD, GBPUSD, EURJPY, Crude Oil and Gold.
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