Placing Gann Lines on Commodities Charts in MetaTrader 4 Software

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

Drawing Gann Lines on MT4 Commodity Candlestick Charts

Gann Line

The Gann Line is similar to a commodity trend-line and to draw this commodity trend line a trader must select 2 points & draw this line between these two point, just like the commodity 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 drawn between two points, this indicator will draw a set of commodity trend lines, these commodity trend lines are drawn at different angles, This Fan will draw the middle line at an angle of 45 degrees as long as commodities price is above this 45 degrees line then the momentum of the upward commodity trend will continue as shown below. If commodities price moves below this line in an upward commodity trend the upward commodity trend momentum may be reducing.

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

Examples of Gann Fan on upwards trend:

Gann Fan in MetaTrader 4 Commodity Candlestick Charts

Gann Grid

The Gann grid uses two points just like a commodity 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 commodities price movement.

Drawing Grids on MT4 Commodity Candlestick Charts