Placing Gann Lines on CFDs Charts in MetaTrader 4 Platform

The Gann Lines is the fourth option in the Insert Menu within the MetaTrader 4 CFD Platform. The Gann Lines Button Key is used to place Gann Lines on CFDs Charts and it's shown below.

Drawing Gann Lines on MT4 Candlestick CFD Charts

Gann Line

The Gann Line is similar to a cfd trend-line and to draw this cfd trend line a trader must choose 2 points and draw this line between these 2 point, just like the cfd trendline the Gann line is also used to show the trend.

However, the Gann Line might require you to change some parameter so as to achieve the plot which you require.

How to Draw Gann Line in MetaTrader 4 Platform

Gann Fan

The Gann Fan is drawn between two points, this indicator will draw a set of cfd trend lines, these cfd trend lines are drawn at different angles, This Fan will draw the middle line at an angle of 45 degrees as long as cfds price is above this 45 degrees line then the momentum of the upward cfd trend will continue as shown below. If cfds price moves below this line in an upwards cfd trend the upward cfd trend momentum may be reducing.

The Gann Fan is also drawn for a downwards cfd trend and same analysis applied to the downward direction.

Examples of Gann Fan on upward trend:

Gann Fan in MetaTrader 4 Candlestick CFD Charts

Gann Grid

The Gann grid uses two points just like a cfd trendline to be drawn, once these two lines are drawn, this Grid will then draw grids that are at an angle of 45 degrees, the traders can then use these grids for analyzing cfds price movement.

Drawing Grids on MT4 Candlestick CFD Charts