Placing Gann Lines on BTCUSD Charts in MT4 Platform Software

The Gann Lines is the fourth option in the Insert Menu within the MT4 BTC/USD Crypto Software/Platform. The Gann Lines Button is used to place Gann Lines on the Bitcoin Charts and it's shown below.

Drawing Gann Lines in MT4 Candlestick Bitcoin Charts

Gann Line

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

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

How Do I Draw Gann Line on the MetaTrader 4 Platform

Gann Fan

Gann Fan is drawn between two points, this trading indicator will draw a set of btcusd crypto trendlines, these bitcoin trend-lines are drawn at different angles, This Fan will draw the middle line at an angle of 45 degrees as long as bitcoin price is above this 45 degrees line then the energy of the upwards bitcoin trend will continue just as is shown below. If bitcoin price moves below this line in an up-wards bitcoin trend the upward bitcoin trend momentum may be reducing.

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

Example of Gann Fan on upward trend:

Gann Fan in MT4 Candlestick Bitcoin Charts

Gann Grid

The Gann grid uses 2 points just like a bitcoin trend line to be plotted, once these two lines are plotted, this Grid tool indicator then will draw grids on the chart that are at an angle of 45 degrees, the traders can then use the grids for analyzing bitcoin price movement.

Drawing Grids in MT4 Candlestick Bitcoin Charts

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Placing Gann Lines on BTCUSD Charts in MT4 Platform Software

Gann Line

Gann Fan

Gann Grid