Placing Gann Lines on Charts in MT5

The Gann Lines is the fourth option in the Insert Menu within the MT5 Platform. The Gann Lines Button Key is used to place Gann Lines on the Charts & it is displayed below.

Drawing Gann Lines in MetaTrader 5 Candlestick Charts

Gann Line

The Gann Line is similar to a trend-line and to draw this 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 explain 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 MT5

Gann Fan

The Gann Fan is plotted between 2 points, this indicator will draw a set of trendlines, 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 upwards trend will continue as shown below. If price moves below this line in an upward trend the upwards trend momentum might be reducing.

The Gann Fan is also plotted for a downwards trend & the same analysis applied to the downward 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 trend-line to be drawn, once these 2 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 price movement.

Drawing Grids in MetaTrader 5 Candlestick Charts