Placing Gann Lines on Commodities Trading Charts in MT4

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

Drawing Gann Lines on MT4 Commodity Candlestick Trading Charts

Gann Line

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

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

How to Draw Gann Line in MT4

Gann Fan

The Gann Fan is drawn between two points, this indicator will draw a set of commodity trend lines, these trendlines 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 illustrated & shown below. If commodity price moves below this line in an upwards commodity trend the upward trend momentum may be reducing.

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

Example of Gann Fan on upwards trend:

Gann Fan on MT4 Commodity Candlestick Trading Charts

Gann Grid

The Gann grid uses two points just like a commodity 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 commodity price movement.

Drawing Grids on MT4 Commodity Candlestick Trading Charts