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The Gann trend indicator tries to address the need for investors and traders to define mechanically the trend of a financial instrument.
The Gann trend indicator is implemented by tracking trend changes as defined by two up or two down closes. The indicator returns 1 when it detects an uptrend and -1 when it detects a down trend.
To use it in a trading system for example by entering long a security when the Gann trend is signaling an uptrend and sell that security when the Gann trend is signaling a down trend, type the following formula:
a = Gti();
buy = a > 0;
sell = a < 0;
The first line calculates the Gann trend indicator.
The second one defines the buy rule (buy when Gti (Gann trend indictor) is above zero which is equivalent to buy when Gann signals an uptrend)
The second line tells the trading system to exit any open position when the Gti indicator becomes negative (changes trend from up to down)
Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.
