MetaTrader 5 Gann Square Indicator – Free Download [TradingFinder] – MT4/MT5 Resources

The Gann Squared indicator utilizes numerical symmetry between price and time to more accurately identify market turning points, support and resistance zones , and trend directions.

The functional structure of the indicator is based on a combination of geometric and time components, including:

• Gann Angles
• Gann Square
• Gann Fans
• Time Arcs

Gann square indicator table

The general specifications of the Gann Square indicator are shown in the table below.

Overview of the Gann Squared Indicator

The Gann Square indicator is a tool designed to combine price action and time periods and is designed to detect sensitive entry and exit areas . Its operating structure is as follows:

• Time and Price Alignment: The relative synchrony of these two factors often signals a potential trend reversal
• Angle and Diagonal Analysis: Price reaction to key Gann angles (hit or broken) can be used as a gauge of the strength of the current trend
• Price Time Convergence: The convergence area formed by the intersection of the Gann Fan Line and the horizontal price horizontal and vertical time axes is considered a highly sensitive area with the potential to cause a strong market reaction

Indicators are in an upward trend

The chart below shows the Oil Index on a 4-hour time frame. In an uptrend, when price breaks above the 61.8% level and breaks through higher angles such as 38.2, it reflects buying pressure and demand dominance in the market.

Additionally, if price touches a rising Gann Fan Line, it can serve as a valid signal to enter a long position if it coincides with a major time period.

Indicators are in a downward trend

The chart below shows the Ethereum Index (ETH/USD) on the 4-hour time frame. In a downtrend, when the price falls below the 61.8% level and breaks out of lower angles, it indicates increased selling pressure and weakening demand power.

Suppose this move coincides with the formation of a price top in a sensitive time zone or an adverse reaction to a falling Gann Fan Line. In this case, it is an important signal that the bearish trend is continuing.

Gann square indicator settings

The setting panel of the Gann Square indicator is as shown below:

ZIGZAG SETTING

• ZigZag Depth : Controls sensitivity to price fluctuations
• ZigZag Deviation : lowest price change for new flight segments
• ZigZag Backstep : Filter to avoid false pivots
• Maximum Bars : Number of candles used in the calculation
• Timeframe : chart period used for analysis

FIBO RETRACEMENT

• Show Retracement : Enable Fibonacci retracement display
• Level Style : The visual format of the retracement line
• Levels Color : The format for displaying retracement lines
• Levels Width : Visual format for displaying retracement lines
• Level 0 : Base price level 0%
• Level 38.2 : Golden ratio area 38.2%
• Level 50 : Midpoint retracement level 50%
• Level 61.8 : Key Fibonacci ratio 61.8%
• Level 100 : 100% of full price range
• Extra Levels : Additional Fibonacci ratios
• Level 14.6 : Secondary support level 14.6%
• Level 23.6 : Shallow retracement zone 23.6%
• Level 76.4 : Deep correction level 76.4%
• Level 88.6 : Extreme retracement zone 88.6%
• Level 127.2 : Expansion target level 127.2%
• Show Prices : Show price tags

FIBOARC

• Show Arc : Show Fibonacci arc
• Scaling Method : Arc Scaling Mode
• Manual Scale Value : Custom scale input
• Arc Color : Arc Line Color
• Arc Style : Arc Line Style
• Arc Width : Arc line thickness
• Level 38.2 : Golden ratio area 38.2%
• Level 50 : Midpoint retracement level 50%
• Level 61.8 : Key Fibonacci ratio 61.8%
• Show extra levels : show additional levels
• Level 14.6 : Secondary support rate 14.6%
• Level 23.6 : Shallow retracement zone 23.6%
• Level 76.4: Deep callback rate 76.4%

FIBO FAN

• Fan Color : Fan Line Color
• Fan Style : Fan Line Style
• Fan Width : Fan line thickness
• Level 38.2 : Golden ratio area 38.2%
• Level 50 : Midpoint retracement level 50%
• Level 61.8 : Key Fibonacci ratio 61.8%
• Show extra levels : show additional levels
• Level 14.6 : Secondary support rate 14.6%
• Level 23.6 : Shallow retracement zone 23.6%
• Level 76.4 : Deep callback rate 76.4%

FIBO TIMEZONES

• Show Time Zones : Display time intervals
• Time Color : Zone Line Color
• Time Style : Zone Line Style
• Time Width : area line thickness
• Level 0 : Starting time point 0%
• Level 100 : 100% of the first cycle area
• Level 200 : 200% of the second circulation area
• Level 300 : 300% of the third cycle area
• Level 500 : 500% of the fifth cycle area
• Level 800 : 800% of the eighth cycle area
• Level 1300 : Thirteenth cycle area 1300%
• Level 2100 : 2100% in the twentieth cycle
• Level 3400 : 3400% in the 34th cycle

FIBO EXPANSION

• Show Expansion : Show price prediction
• Expansion Color : expansion line color
• Expansion Style : Expansion line style
• Expansion Width : expansion line thickness
• Level 61.8 : Golden ratio target 61.8%
• Level 100 : Full range projection 100%
• Level 161.8 : Extended Fibonacci target 161.8%
• Level 261.8 : Advanced expansion level 261.8%
• Show extra levels : show additional levels
• Level 78.6 : Depth retracement rate 78.6%
• Level 138.2 : Expand the projection area by 138.2%
• Level 200 : Double range target 200%

Conclusion

The Gann Squared indicator is one of the advanced technical analysis tools for identifying turning points and important levels by combining market geometry, time and price.

It consists of Gann angle, Gann square, Gann fan and time arc, all designed based on time price symmetry.