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 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 Charts

Gann Line

The Gann Line is similar to a trendline & to draw this trend line a trader must choose 2 points and draw this line between these 2 point, just like the 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 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 cfds 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-wards trend the upward trend momentum may be reducing.

The Gann Fan is also plotted for a down-wards trend and same analysis applied to the downward direction.

Examples of Gann Fan on upward trend:

Gann Fan in MetaTrader 4 Candlestick Charts

Gann Grid

The Gann grid uses two points just like a trendline to be plotted, once these two 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 cfds price movement.

Drawing Grids on MT4 Candlestick Charts