MT4 Gann Fans and Fibonacci Indicators – Free Download [TradingFinder] – MetaTrader 4 Resources

Gann Fan and Fibonacci indicators are one of the advanced hybrid tools for technical analysis . By combining the classic analysis style of Gann angle theory with Fibonacci retracement levels, key price and time-sensitive areas in financial markets such as Forex and cryptocurrency can be accurately identified.

This indicator does not rely solely on price data, but rather evaluates the dynamic relationship between time and price through geometric Gann angles and the important Fibonacci ratios.

Gann Fans and Fibonacci Indicators Chart

The following table lists the general characteristics of Gann Fans and Fibonacci indicators:

Gann Fans and Fibonacci at a Glance

In the MT4 platform, the Gann Fan and Fibonacci indicators identify key support and resistance levels , as well as price reversal areas, by comparing Gann angles to Fibonacci retracement levels .

The Gann angle represents the relationship between price and time and is plotted as a diagonal line.

Fibonacci levels are horizontal lines that show potential retracement or continuation points.

By overlapping these two factors, the likelihood of a price reaction in that area increases, providing optimal entry and exit points.

Indicators are in an upward trend

The chart below shows the EUR/AUD currency pair on a 30-minute time frame.

In an uptrend, a buy signal occurs when price hits one of the Gann support angles and simultaneously aligns with a Fibonacci retracement level (e.g., 61.8%).

If the price reacts upward within this area, it can be considered a valid buy entry signal.

Indicators are in a downward trend

The chart below shows the NZD/CAD currency pair on the 4-hour time frame.

In a downtrend, a sell signal is generated when price hits one of the Gann resistance angles and overlaps with a Fibonacci retracement level.

If the price stalls in this area and there are signs of buyer weakness, it can be considered a suitable area to enter a sell position.

Gann Fan and Fibonacci Indicator Setup

The image below shows setting up the Gann Fan and Fibonacci indicators in the MetaTrader 4 platform:

ZIGZAG SETTING

• ZigZag Depth : Zigzag depth
• ZigZag Deviation : Zigzag deviation
• ZigZag Backstep : Zigzag backstep
• Maximum Bars : Maximum number of candles to analyze

FIBO RETRACEMENT

• Show Retracement : Shows Fibonacci retracement levels
• Levels Style : Line style
• Levels Color : Fibonacci horizontal line color
• Levels Width : Fibonacci line thickness
• Level 0 : 0% level
• Level 38.2 : 38.2% retracement
• Level 50 : 50% retracement
• Level 61.8 : 61.8% retracement
• Level 100 : 100% level
• Extra Levels : 14.6%, 23.6%, 76.4%, 88.6%, 127.2%
• Level 14.6 : 14.6% retracement
• Level 23.6 : 23.6% retracement
• Level 76.4 : 76.4% retracement
• Level 88.6 : 88.6% retracement
• Level 127.2 : 127.2% extension
• Show Prices : Display price values ​​at the level

FIBO FAN

• Show Fan : Display Fibonacci fan lines
• Fan Color : Fan line color
• Fan Style : Fan line style
• Fan Width : Fan line thickness
• Level 38.2 : 38.2% fan angle
• Level 50 : 50% fan angle
• Level 61.8 : 61.8% fan angle
• Show Extra Levels : 14.6%, 23.6%, 76.4%
• Level 14.6 : 14.6% fan angle
• Level 23.6 : 23.6% fan angle
• Level 76.4 : 76.4% fan angle

Conclusion

The Gann Fan and Fibonacci indicators combine two classic analysis methods, Gann angles and Fibonacci retracement levels, into a powerful tool for identifying key support, resistance, and price reversal areas.

By creating an overlap between time and price, it can pinpoint areas where the likelihood of a market reaction is higher.