Placing Gann Lines on Stocks Charts on MT4 Software

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

Drawing Gann Lines on MT4 Candlestick Stock Charts

Gann Line

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

However, Gann Line may need you to change some parameter so that to achieve the draw that you require.

How to Draw Gann Line on MT4 Platform

Gann Fan

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

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

Examples of Gann Fan on upwards trend:

Gann Fan on MT4 Candlestick Stock Charts

Gann Grid

The Gann grid uses two points just like a stock 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 stock trading price movement.

Drawing Grids on MT4 Candlestick Stock Charts