The Pama Ganngrid Indicator for MT4 is a technical tool inspired by the legendary trader William Gann, who developed a grid system to split price charts into sequences of bullish and bearish impulses. This indicator automates the Gann grid process, helping traders identify trend reversals and strong market moves efficiently.
When added to a price chart in MT4, the Pama Ganngrid indicator displays:
Blue line: The typical price calculated as (High + Low + Close)/3
Support and resistance levels: Built automatically
Red and green sloping lines: Represent short-term trendlines
The trading principle is simple:
Sell Signal: When the blue line crosses the green line from top to bottom, the bullish trend ends. A red arrow appears, signaling a short position.
Buy Signal: When the blue line crosses the red line from bottom to top, the bearish trend ends. A green arrow appears, signaling a long position.
Traders can increase profitability by buying near support lines and selling near resistance lines.
On the EURUSD M30 chart, a red arrow appears near the resistance line. Enter a short position, set the stop-loss above the previous high, and exit when a green arrow appears.
On the USDJPY daily chart, three green arrows indicate buy signals near support Gann grid lines.
Set stop-losses below the previous local lows or breakout bars.
A counter signal (opposite arrow) may suggest closing the position or taking partial profits.
Beginner-friendly – simple buy/sell arrows for easy understanding.
Multi-market application – works for forex, crypto, stocks, and more.
Non-repainting – signals remain reliable.
Signal efficiency improves with support and resistance levels.
Versatile timeframes – suitable for daily and weekly charts.
Does not provide alerts.
Signals may be less effective during prolonged sideways markets or extreme volatility.
The Pama Ganngrid Indicator for MT4 allows traders to follow trends using William Gann’s classic grid methodology. By automatically building the grid and displaying buy and sell arrows, the indicator simplifies trend trading and helps identify key reversal points.
Traders are advised to read Gann’s classical theory and practice on a demo account before trading with real funds. This ensures better understanding of the signals and risk management.
Download the Pama Ganngrid Indicator for MT4 for Free at IndicatorForest.com and start trading strong trends today.
Published:
Nov 17, 2025 03:47 AM
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