How to use gann indicators

How to use gann indicatorsHow To Use Gann Indicators

Gann studies have been used by active traders for decades and, even though the futures and stock markets have changed considerably, they remain a popular method of analyzing an asset's direction. New trading areas, such as the foreign exchange market and the invention of exchange-traded funds (ETFs) have also made it necessary to revisit some of the construction rules and application concepts. Although the basic construction of Gann angles remains the same, this article will explain why the changes in price levels and volatility have deemed it necessary to adjust a few key components. (For background reading, see A Discussion of Gann or The Gann Studies )

Basic Elements of Gann Theory

Gann Angles Provide Support and Resistance

How to use the gann system when day trading

How to use the gann system when day tradingHow to Use the Gann System when Day Trading

The Gann system of stock trading was developed by William Gann who supposedly made $50 million in the stock and commodities markets in the first half of the 20th century by using a system that he may or may not have taught to others before his death.

Mystery surrounds the Gann system; some traders rely on what they perceive to be his method, whereas others dismiss it, in part because Gann relied on astrology to build his forecasts.

The Gann system , as it is defined nowadays, looks at the relationship between price and time. If a security moves one point in one day, thats a 1 × 1 Gann angle, and thats normal trading. If a security moves two points in one day, it is said to create a 2 × 1 Gann angle, which is bullish. An angle of less than 1 × 1 is bearish.

Furthermore, Gann recognized that the market moves back and forth while in a general upward or downward cycle, but some of those fluctuations are more positive than others. Just as the system looks for price movements over time with even proportions (1 × 1, 2 × 1, and so on), it also looks for orderly retracements.

When a security moves back 50 percent, say from a low of $20 to a high of $40 and then back to $30, it would be a good time to buy under the Gann system.

Many traders swear by the 50-percent retracement guide — even those who think that Gann is otherwise a crazy system. This may be the origin of one hoary trading chestnut: Buy whenever a price dips, because its likely to be heading on its way back up.

Gann fans

Gann fansGann Fans, created by W. В D. Gann, are based on prices moving in predictable patterns. Gann's theory is based on time/price movements with the 1 time unit by 1 price unit (i. e. 1 x 1) being the main angle (45-degrees). However, there are other angles such as the 1 x 2, 2 x 1, 1 x 4, 4 x 1, etc. Gann Fans are drawn from major price peaks and bottoms and are used to show trendlines of support and resistance .

The following Gann Fan (1 x 8) is shown on the price chart of Corn futures:

The price of Corn futures was held up by a support line that rose at a rate of 8 price units by 1 time unit (1 x 8).

The chart of Wheat below shows both an upward Gann Fan and a downward Gann Fan, both the 1 x 8 angle:

In the chart of wheat futures above, wheat prices were held up by the 1 x 8 support line. When wheat prices peaked and subsequently began to fall, wheat was held down by the 1 x 8 resistance line.

Gann Fanns are an art and involve intense study by potential users. The fact that the creator W. D. Gann wrote most of his studies on Gann Fans and angles in a cryptic language doesn't help the potential student of Gann Fans either.

Gann fan forex indicator

Gann fan forex indicatorGann Fan Forex Indicator

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Gann Fan Forex Indicator

Different types of technical indicators were created by a famous trader and a man with market enthusiasm in the early period and his name is W. D Gann. Gann Fan is one of the widely used indicators among his creation. This indicator helps in determining the slope of market movement.

The currency value and its rate change can be measured by using the Gann Fan.

Price movements as described by Gann is represented in the form of box setting like 1?1 where one side represents the time period while the other as the amount of change. An angle of 45 degree will be formed when there is 1 point of movement in 1 period of time table. And when there is a movement of two points in 1 period of time table then a degree of 63.75 is fitted.

Similarly, angle of 15 degree will be fitted if there is a movement of 3 points within 12 periods.

Nine angle values created by Gann Fan are given as below:

Clif droke-gann simplified review

Clif droke-gann simplified reviewClif Droke Gann Simplified Review

If you are new to trading and you are just trying to learn Gann’s Methods, it is better for you to start learning Gann’s method through the simplified version done by Clif Droke. He can definitely make you get interested with the this book as this is a concise. easy to read manual if you want to learn how to implement the incredible investment tool. Clif Droke is a well known technician and newsletter editor. He will distill the most important elements in technical analysis into a powerful volume.

The book covers Dow Theory, Pattern Recognition, Volume, Support and Resistance, Trendlines, Reversals, Chart Patterns, and dictionary of terms as you go along the book that will give you more confidence in your ability to analyze and forecast price trends through a simple quick reading. It will enable you to make the most on target choices of investment.

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How do iuse gann fans for creating aforex trading strategy

How do iuse gann fans for creating aforex trading strategyHow do I use Gann Fans for creating a forex trading strategy?

Gann fans are the most well-known of William Delbert Gann's trading tools and have been used for decades to identify support and resistance levels and predict price movements. Forex traders can use Gann fans for trend following or trend reversal for a given currency pair.

Gann believed that the market is cyclical, geometric and predictable. His system relies on a centered ideal angle drawn across a price trend at 45 degrees. There are four lines above and four below the ideal angle, all originating from the same price point and extending into the future at different angles. The resulting shape resembles a traditional Chinese hand fan, which is where the indicator gets its name.

Trendlines are usually drawn through two low points in an uptrend and two high points in a downtrend. They can be drawn through a high and low point if the trader chooses. In fact, the subjectivity of trendline drawing can be problematic for inexperienced Gann fan users.

Continuation or consolidation patterns occur when two fans form effective support and resistance points. Prices are expected to bounce between these the two fans. Bullish markets are indicated when prices are range-bound between two angles higher than 45 degrees, and bearish markets are bound between angles lower than 45 degrees.

The fans follow standard breakout rules when a fan support/resistance level is broken. Gann himself believed that, as soon as a confirmed support or resistance fan was crossed by the price action, the crossed line acts as a barrier in the opposite direction; that is, support fans become resistance fans and visa versa. This is exactly the same as standard support and resistance theory.

Gann fans are often coupled with Fibonacci retracements and clusters to firm up potential support/resistance signals.

Wd gann trading theory

Wd gann trading theoryWD Gann Trading Theory

William D Gann is one of the most famous of technical analysts who has managed to capture the imagination of traders. One of the complex trading systems, the Gann methods involve both price and time and is aptly used for forecasting prices. W. D. Gann based most of his research on astrology and numbers and it is rumored that he made over $50 million during his trading career. Ganns trading methods involve geometry within the price-time series.

Some of famous WD Gann trading tools are:

The Gann Angles (or Gann Grid)

Gann Lines

Gann Fans

The Gann tools are usually a standard set of tools available with most default charting packages. In the MT4 platform, the Gann tools can be accessed from:

Insert > Gann Tools section of the menu bar

Most of Gann’s work rely on Geometry and it is now a well know tenet of W. D. Gann which states, that there was a perfect balance when price rises and falls at a 45 degree angle

Trading with the Gann Grid

The Gann Grid is often considered to be a leading indicator as it projects trend lines into the future. The grid comprises of squaring time and price based on the 45 degree angle of the main trend line. When price is trading above the Gann trend line, the market is considered to be in an uptrend and when price trades below the Gann trend line, the market is considered to be in a downtrend. The Gann grid enables traders to decipher the strength of the trend and also predict change of trends.

To plot the Gann Grid, two consecutive highs or lows are connected (the same way as one would draw a trend line). The Gann Grid tool does the rest of the work and creates a grid.

The chart above shows the Gann grid . which is plotted, after connecting two consecutive lows at A and B. It is important to note here that each of the trend lines within the grid could be seen as a trend line. There is no hard and fast rule about connecting highs or lows. Because the market is never in perfect harmony, the Gann grid can be adjusted to suit the current price action.

The chart above shows the adjusted Gann grid . Notice the bold lines that have been highlighted. The Gann grid has been adjusted so that price is as close to the Gann grid lines as possible. This adjusted view of the Gann grid offers a much better view of the markets than simply connecting highs/lows.

Therefore, if we apply the theory of uptrend when price is above the trend line and vice versa, we can see some very interesting observations.

When we zoom into the chart, we can see how price reacts to the Gann grid lines.

Notice how the trends (or corrections) within the major uptrend are depicted using the Gann Grid tool which form support/resistance trend lines. On close observation the Gann grid can also be viewed as a channel. For traders who do not want to get into the detailed Gann trading methods, can merely stop here and use the Gann grid to trade the same was as trading trend lines or channel lines.

Gann states that when price trends along a Gann trend line, the trend is usually strong. The chart below shows how a trade would taken based on the Gann grids.

After plotting the Gann Grid indicator, we look for break of trend line and a retest for short positions. We find a trend line break at point 1.

A short term support is found, so we wait for a retest of the trend line at point 3

After price retraces back to this resistance level and fails to break out higher than the down sloping trend line, it is a confirmation of short bias.

Short position is taken on a pullback, with stops at the previous failed high and target taken at the support formed previously.

Alternatively, stops could be trailed along the most immediate down sloping trend line.

Trading with Gann Fans

The Gann Fan trend lines are another way to trade using the trend lines, with the option to buy sell on successful break of the trendlines.

The chart below shows how the Gann fans are formed by connecting two consecutive lows. The fan lines are automatically plotted.

In the simplest of illustrations we buy on the break and retest of the Gann trend line, marked on the chart. After a break and retest of the main trend line, a long position was taken, with stops at the previous low while targeting the most immediate trend line to the upside.

The Gann trend lines are projected into the future and thus depict future support/resistance levels.

Gann Trading Methods – A complex forecasting tool

The above methods illustrated in this article are merely scratching the surface of the Gann trading methods. In its entirety Gann’s methods are more applicable towards long term forecasting of prices. However, this method requires years if not decades of dedicated practice in order to master the techniques of W. D. Gann.

2gann hilo activator mt4

2gann hilo activator mt4#2 GANN HiLo Activator MT4

Submitted by Edward Revy on May 6, 2008 - 07:12.

Hello everyone,

Today we will look at GANN HiLo Activator - another custom indicator for Metatrader 4 Platform.

I’ll show you the ways to use it.

You may have already noticed that I’m not giving the exact trading rules to trade upon.

That’s because I’m discovering and learning about MT4 custom indicators now. Learning in Forex never ends. I saw some good potential in those trading tools that we all may benefit from and improve our trading strategies, so I decided not to postpone it till better times and publish my observations as I move forward.

GANN HiLo Activator in Forex and the ways to use it:

Time frame: any.

This trend following indicator helps finding both: entries and exits. It allows to enter a trade quite early and stay in the trade longer.

If you have a set of rules or a trading system that require some improvement on entries and exits, GANN HiLo Activator could be the right tool.

For, example, let’s take our existing advanced Forex system #3

By adding GANN HiLo Activator we may now pinpoint more accurate entries.

We can also use this indicator for exits later, while at the same time trailing our stops, for example, with Bbands Stop custom indicator we talked about last time.

GANN HiLo also looks interesting for scalping, all you need is to identify the main trend take either only Buy or Sell signals given by the indicator. For example, we can use 50 EMA to identify the main trend.

Again, these are just great hints. In order to give you a set of rules, I need to make one first and test it properly. So, for now it will look like introduction, while hopefully later and also with a help of other traders I will update it to a good trading system with straight forward rules.

Now at last you can discover the hidden secrets behind wd gann-s outstanding stock-commodities m

Now at last you can discover the hidden secrets behind wd gann-s outstanding stock-commodities mNow at Last You can Discover the Hidden Secrets Behind WD Ganns Outstanding Stock Commodities Market Success

WD Gann is THE LEGEND in trading folklore

WD Ganns body of work was enormous and covered many interesting areas of speculative ventures including the stock market and commodities or futures trading.

Reputed to have made over $50 million Trading over his career - not surprisingly in his later years WD, as he liked to be known as, took his knowledge into Horse racing and Casino Gaming. Ganns methods have something for every trader for forecasting of Time and Price targets to mechanical methods. To learn more on how you can apply WD Ganns techniques to the market by look around this site.

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November2013Trading Techniques

Options strategies can be used to take advantage of fundamentally and seasonally driven price changes in the agricultural markets.

Hidden Markov models are making inroads into institutional trading. Their applications are broad. One, forecasting future indicator values, can give you an edge trading the currency and commodity markets.

W. D. Gann is well-known among trading gurus. However, we know little about the thought process behind his approach. Some believe Gann’s 1920s science-fiction novel, “The Tunnel Thru the Air,” contains the hints we seek.

Gann-s greatest fan

Gann-s greatest fanGanns Greatest Fan

WD Gann has arguably contributed more to Technical Analysis, and in particular the understanding of the relationship between Time and Price, than any other trader. It was Gann’s mathematical genius and his ability to see the patterns in the market (that at the time nearly everyone else ignored) that made him so successful and have a legacy that continues to this day.

In developing Market Analyst over the past 13 years, I have had the fortune of learning so much about Gann and the various techniques that can be found in his writings and charts. He researched many areas from geometry to astrology to see what clues they would give him in his search for what the markets were going to do. It is a fascinating area of study and one that I love, but sometimes we can make it too complex and we just need to get back to the basics.

One of the most basic of the Gann tools is also one of the simplest, the humble Gann Fan. Even with all the squaring techniques that I use in my trading, I still have a couple of Gann Fans on my charts as an overall guide. In this article I will show you the basics of the Gann Fan, how it is constructed, and also how I use the Dynamic Gann Fan to take the whole process one step further.

The Gann Fan is a series of lines that look like a fan radiating out from a major turning point in the market. According to Gann, each of these fan lines give us an indication of possible support and resistance as the market trades near them. Why. I don’t know! Perhaps there are those that can give all the philosophical reasons why this happens, but not me, I haven’t worked it out yet. I’m a Trader and I have seen it work so many times that I know that I know that it does work. For me those lines are like dark clouds leading to rain, those lines won’t definitely lead to a turn in the market, but there is a very good chance they will.

Gann Fan 101

The main concept that we need to understand when using a Gann Fan, is the relationship between time and price that Gann proposed. That is, on average for one unit of time the market will rise by one unit of price. The difficulty comes in defining what one unit of price is. On a Stock that trades in cents, it would be 0.01 because that is the smallest that the stock can trade in. An index like the SP 500 would have a unit of price of 1, “But hang on!” you may be saying, “The SP 500 trades in 0.1 increments, why did you choose 1?”. This is where Gann is part science and part art, you need to choose a price unit that “fits” the market that you are looking at. Even when we consider stocks, a stock that trades below $1 needs a different price unit from one that trades near $100, or we’ll just have a series of flat lines.

Now that we have the Price unit sorted out, we can start to draw the lines. The first line is drawn by joining our starting point with the point one unit of time across, and one unit of price up. The following image shows how it is created.

On the Gann Fan we call this line the 1×1 (one by one) or sometimes it is referred to as the 45degree line, because if you had drawn this on graph paper it would be exactly 45 degrees.

One line does not make a Fan though; the rest of the lines that we need are calculated by taking multiples of the price unit. The 2×1 line is simply one unit of time and 2 units of price etc.

OK, so let’s have a look at some examples.

In this chart of BHP I have placed a Gann Fan at the top of the market which occurred on the 16th May 2008. The red line going down is the 1×1 line, the rest are the multiples of both time and price. In this case I used a Price Unit of 10c, even though the stock trades in 1c increments, to get the scaling just right. As you look at this chart you can see all the times that these lines gave you an idea of where the market was going to turn. It’s not 100%, but it puts the odds in your favour.

I never stop with just one Fan when I am analysing a market though. The following picture shows the same stock with a second fan added in at the bottom of the market in November 2008.

You can see how again these lines, particularly the 1×2 line, have provided support and resistance to the market. As this market continues to trade I will be watching as it comes near to any of these lines and be searching for a change in trend.

As you can see, the Gann Fan is a powerful tool and one that can be used in conjunction with any other analysis to give you likely points in the market where the trend will change. If you trade in different time frames, you need to be continually choosing which is the best price unit to use. That’s where the Dynamic Gann Fan comes in.

Making it Dynamic

Once you understand what you are looking for with a Gann Fan, it is much easier to use the Dynamic Gann Fan that Market Analyst has to offer. With the Dynamic Gann Fan you need to choose two points in the market. Typically I am looking for the start and end of a major move in the market. The following example is from the SPI (Share Price Index), a futures market in Australia.

I simply selected the start as the low in March 2009 and the top as the recent top in the SPI market at 15th October 2009. The Dynamic Gann Fan draws the 1×1 line between my two selection points and then draws all the other lines (2×1 etc) as ratios from the 1×1 line. When I look at the properties of this tool I can see that it has calculated a Price Unit of 11.471611, now that’s not one of our numbers that we would normally use! In this case we have a Price Unit that this market has used in the past, and we want to see what happens if we use that same price unit in the future.

Below is the same chart with another Dynamic Gann Fan coming down from the top in October 2009. The price unit is the same as the first one that we created. I’ve zoomed in to make it clearer how powerful this tool is.

You can see that in the two months since that top in the market, this Dynamic Gann Fan has been giving us clear signals of where the market is going to turn well in advance. Another extension that is always intriguing is to take the same Price Unit and use it in the Gann Squares or other tools that use a Price Unit.

The Gann Fan and the Dynamic Gann Fan are very simple but powerful tools that you can use in your trading. I now check the fans before I place a trade as I won’t go long just below one of these lines. What I’ve found is that the main thing that people struggle with is the concept of the Price Unit. Once you understand that, you are well on your way to mastering these tools and many of the other Gann tools that use the concept of a Price Unit when squaring Time and Price.

Gann trading strategies

Gann trading strategiesThe following 2 minute chart of AAPL from June 23rd, 2014, shows an average days setup trading Ganns polarity price system. This system was illustrated by Robert Gordons Major Motors Campaign in Tunnel Thru The Air . As we said on the previous page, the price component of GANN TRADING BY THE NUMBERS can be traded as a stand alone day trading strategy.

Heres the setup. Look at the yellow line of the chart. It is a polarity price. When AAPL closes below it for the first time . the energy will propel it farther. When the stock cooperates, we go short at the red arrow. The one closest to the opening price is signal line in the morning. This level is drawn prior to the open of the market and is different every trading day. The recipient of this seminar will learn how to calculate the signal line each day. Pay attention, because we didnt clutter the chart with a bunch of arrows so you can see the beauty and simplicity of this.

Notice how simple this is. When price closes above or below a line for the first time, you go with it. yes, we do have proprietary stops and targets for each instrument. But you may say, Where are the moving averages and wiggly lines? Thats the thing. You dont need them with true Gann. Just one line, every day. No matter what the market does, you usually get one trade setup every day. And when you dont, its telling you to stay out of the market! Just using these polarity lines as entries standing alone, we have found in back-testing a low-drawn down and consistent monthly profitability.

We have ready to go systems on AAPL, the ES, gold, and crude. It also works great on many momentum stocks that have earnings or other news.


The above chart is of the ES $S&P futures contract for Monday, July 21st. On the chart, the price and time bottoms at 1859 at 9:48 right on the blue rectangle. Under the chart are transcripts. Reference the predicted prices and times of day (CST) the call and predictions were made. At 9:06 we forecast the 9:48 bottom to the minute. Before the market opened, we forecast the bottom price of 1958.50, which occurred at the 9:48 bottom timeonly 2 ticks off! Impossible? After the Gann Summit, you too will be able to do this on a consistent basis.

A simple strategy using gann trend lines

A simple strategy using gann trend linesA Simple Strategy Using Gann Trend Lines

Whenever the name William D. Gann is mentioned people usually think of a poorly explained complex method or something to do with astrology. But, there are a few easy trading methods which Gann taught. Here is one using Gann trend lines.


These trend lines indicate uptrend/downtrend, either the minor or the main trend. For a market whose trend is up we use a green trend line. An uptrend is defined as higher tops and a higher bottom.

The first bar that scores a higher bottom and a higher top than the previous bar signals a shift. The green trend line is moved up to the top of that bar. As long as the stock makes higher bottoms and higher tops, the green trend line continues to be moved up to the high point of each bar.

The reverse of that is the red trend line which is used when the trend is turned fromup to down. Downtrend here is defined as lower tops and lower bottoms. The red trend line means that the minor or the main trend has turned down and the emphasis of this method is to follow the trend line until it reverses.

It's simple. Buy when the red trend line changes to green. Sell when the green trend line changes to red.


Type 1 Trade - A buy can be taken near the old bottom or a sell can be taken near the old top. This strategy has a higher risk so a small stop-loss should be utilized as trend sometimes continue without stopping at supports or resistance.

Type 2 Trade - A buy or sell can be taken when a stock crosses former tops or crosses a series of tops/bottoms of previous bars, showing that the minor or the main trend has turned up as indicated by the green trend line or has turned down as indicated by the red trend line, this strategy has a lower risk as compared to the earlier one.

Type 3 Trade - Buy/sell on a secondary reaction after a stock has crossed previous tops/bottoms and the advance/decline exceeds the greatest rally/decline on the way down from the top. Buy when the first rally from the extreme bottom exceeds in time the greatest rally in the preceding bear campaign and this becomes opposite for a short trade.

Chart Caption

This chart shows the Nifty-Futures contract plotted on a weekly time frame showing trend lines connecting tops and bottoms up to the reversal. Green trend line shows uptrend and red trend lines shows downtrend. Dotted lines in April 2012 show breakouts which were not initiated, arrows show trade above previous bars or series of previous bars (Type 2 Trade) and the thick dotted lines are buys near the earlier top (Type 1 Trade).The current structure is an uptrend but the Type 2 trade is not initiated yet (Dotted line showing resistance at earlier bar highs).

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Forex strategies mentor

Forex strategies mentorHave You Ever Heard Of The GANN Trading Method?

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Vast majority of traders forget about importance of trendline nowadays. They keep searching for a Holy Grail in Forex robots and expert advisors, usually ending up dealing with a no-win situation. If you are a professional trader I believe you will get my point straight away. Trendlines are unavoidable component of each technical analysis. Therefore, it is quite tricky to avoid using them. Good performance of all the tools is conditioned with correct utility and it is not. Continue reading

How To Draw Fibonacci Retracement And Extension Levels

There are tens of Fibonacci indicator utility methods to trade at the stock market with. This post is not up and down the Fibonacci, but about the genuine, core, original method Fibonacci levels are drawn after. Number of traders does not know how to correctly use Fibonacci tool as they can’t make difference between Fibonacci retracement and Fibonacci extensions levels. Not nice to hear as this method is found in the very foundations of technical analysis itself. How To. Continue reading

Leonardo Fibonacci Italian Mathematician

As a great fan of technical analysis, I use Fibonacci indicators a lot. Even if you are a Forex beginner, you must have heard of Fibonacci by now. Let me introduce you to creator of Fibonacci numbers. Leonardo Pisano Bigollo, planetary popular as Fibonacci, lived between c. 1170 – c. 1250. Born in Italy, Fibonacci is one of the greatest mathematicians in history of human kind. Many agree about the fact he is the most talented western mathematician of the Middle Ages. How. Continue reading

The Custom KorDynamicFibonacci Indicator

In case you are familiar with Fibonacci trading method, and you fancy technical analysis at the same time, than you'll love this indicator as well. I warmly suggest this one to the beginners due to its simplicity and automated drawing of Fibonacci levels. Thanks to Leonardo Fibonacci we get great trading tool. Beginners normally have quite heavy troubles with Fibonacci indicators (tool) embedded within their platform. Standard Fibonacci indicator, that comes as default on. Continue reading