Setting Gann Lines on BTCUSD Charts on the MT5

The Gann Lines is the fourth option on the Insert Menu within the MT5 Bitcoin CryptoCurrency Platform. The Gann Lines Button is used to place Gann Lines on the Bitcoin Charts & it is illustrated below.

Drawing Gann Lines on MT5 Candle Charts

Gann Line

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

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

How Do I Draw Gann Line on the MT5 Platform

Gann Fan

The Gann Fan is drawn between 2 points, this technical indicator will draw a set of bitcoin trend-lines, 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 upward bitcoin trend will continue like is illustrated below. If bitcoin price moves below this line in an up-ward bitcoin trend the upward bitcoin trend momentum might be reducing.

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

Example of Gann Fan on upward trend:

Gann Fan on MT5 Candle Charts

Gann Grid

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

Drawing Grids on MT5 Candle Charts

Learn More Topics & Guides:

Trade Bitcoin Trading

Setting Gann Lines on BTCUSD Charts on the MT5

Gann Line

Gann Fan

Gann Grid