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Placing Gann Lines on Stocks Charts in MT4

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

Placing Gann Lines on Stocks Charts in MT4

Drawing Gann Lines on MT4 Candlestick Stock Trading Charts


Gann Line

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


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

Gann Line Placed on Stocks Chart in MT4

How to Draw Gann Line on MT4


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 upward 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.



Example of Gann Fan on upward trend:

Gann Fan Placed on Stocks Chart in MT4

Gann Fan on MT4 Candlestick Stock Trading Charts


Gann Grid

The Gann grid uses two points just like a stock 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 stocks traders can then use these grids for analyzing stocks price movement.

Gann Grid Placed on a Chart in MT4

Drawing Grids on MT4 Candlestick Stock Trading Charts


 

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