Placing Gann Lines on Charts in MetaTrader 4 Platform

The Gann Lines is the fourth option in the Insert Menu within the MT4 Trading Platform. The Gann Lines Button is used to place Gann Lines on the Trading Charts & it's illustrated below.

Drawing Gann Lines on MT4 Candlestick Charts

Gann Line

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

However, the Gann Line might need you to change some parameter in order to achieve the draw that you require.

How to Draw Gann Line in MetaTrader 4 Platform

Gann Fan

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

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

Examples of Gann Fan on upwards trend:

Gann Fan in MetaTrader 4 Candlestick Charts

Gann Grid

The Gann grid uses 2 points just like a trendline to be plotted, once these 2 lines are plotted, this Grid will then draw grids that are at an angle of 45 degrees, the traders can then use these grids for analyzing price movement.

Drawing Grids on MT4 Candlestick Charts