Placing Gann Lines on Stock Charts in MetaTrader 4

The Gann Lines is the fourth option in the Insert Menu within the MT4 Stocks Platform. The Gann Lines Button Key is used to place Gann Lines on the Stock Charts and it's shown below.

Drawing Gann Lines in MT4 Candlestick Charts

Gann Line

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

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

How to Draw Gann Line on MetaTrader 4

Gann Fan

The Gann Fan is drawn between two points, this indicator will draw a set of stocks trendlines, these trendlines 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 upwards trend will continue as shown below. If stocks price moves below this line in an upwards stocks trend the upward trend momentum may be reducing.

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

Examples of Gann Fan on upward trend:

Gann Fan in MT4 Candlestick Charts

Gann Grid

The Gann grid uses two points just like a stocks trend-line 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 stocks price movement.

Drawing Grids in MT4 Candlestick Charts