Gann levels indicator: exact determination of the trend

Gann levels indicator makes it much easier to calculate support and resistance levels when trading on a trend.

In the thirties of the twentieth century, American investor and trader Gunn, trading on the stock exchange, identified very interesting patterns that appear in the movement of prices. Based on mathematical calculations, he came to the conclusion that the 45 degree angle (or one-to-one angle) is an important support for an uptrend and resistance for a downtrend.

Thus, if the price falls below the angle of 45 degrees, then there is a downward trend, if the price goes up at an angle of more than 45 degrees, there is an uptrend in the market.

According to the experts at fortrader.org, Gann levels indicator will greatly simplify the analysis of trends on the price chart, and in combination with other indicators will help identify potential price reversal points, allowing you to enter the market at the beginning of the trend.

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