Placing Gann Lines on Stock Indices Charts in MT4

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

Drawing Gann Lines on MT4 Indices Candlestick Trading Charts

Gann Line

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

How to Draw Gann Line on MT4

Gann Fan

The Gann Fan is drawn between two points, this indicator will draw a set of indices trend lines, these indices trend lines are drawn at different angles, This Fan will draw the middle line at an angle of 45 degrees as long as stock indices price is above this 45 degrees line then the momentum of the upward indices trend will continue as shown below. If stock indices price moves below this line in an upward indices trend the upward indices trend momentum may be reducing.

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

Example of Gann Fan on upward trend:

Gann Fan on MT4 Indices Candlestick Trading Charts

Gann Grid

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

Drawing Grids on MT4 Indices Candlestick Trading Charts