Placing Gann Lines on CFDs Charts in MetaTrader 5

The Gann Lines is the fourth option in the Insert Menu within the MetaTrader 5 CFD Platform. The Gann Lines Button is used to place Gann Lines on the CFDs Charts & it is displayed below.

Drawing Gann Lines in MetaTrader 5 Candlestick Charts

Gann Line

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

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

How to Draw Gann Line on MetaTrader 5

Gann Fan

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

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

Examples of Gann Fan on upwards trend:

Gann Fan in MetaTrader 5 Candlestick Charts

Gann Grid

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

Drawing Grids in MetaTrader 5 Candlestick Charts