Placing Gann Lines on XAGUSD Charts in MT4

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

Drawing Gann Lines on MT4 Silver Candlestick Trading Charts

Gann Line

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

However, the Gann Line may require you to change some parameter in order 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 silver trend lines, these silver trend lines are drawn at different angles, This Fan will draw the middle line at an angle of 45 degrees as long as xagusd price is above this 45 degrees line then the momentum of the upward silver trend will continue as shown below. If xagusd price moves below this line in an upwards silver trend the upward silver trend momentum may be reducing.

The Gann Fan is also drawn for a downwards silver trend & same analysis applied to the downwards direction.

Examples of Gann Fan on upward trend:

Gann Fan on MT4 Silver Candlestick Trading Charts

Gann Grid

The Gann grid uses two points just like a silver trend line to be drawn, once these two lines are drawn, this Grid will then draw grids which are at an angle of 45 degrees, the traders can then use these grids for analyzing xagusd price movement.

Drawing Grids on MT4 Silver Candlestick Trading Charts