Gann Tools
Gann tools can be applied to a price or indicator chart using the "Objects — Gann" items of the "Insert" menu or the "Line Studies" toolbar. The following types of Gann tools are available in the platform:
|
Type |
Description |
|---|---|---|
|
Gann Line |
Gann Line represents a trendline drawn at an angle of 45 degrees. Two points must be set for this tool to be drawn. Read more... |
|
Gann Fan |
Gann Fan represents a set of trendlines drawn from one point at different angles. Gann considered the trendline of 1x1 (45 degrees) as a very important one. If the price curve is located above this line, it is the indication of the bull market, if it is below this line it is that of the bear market. Gann thought that the ray of 1x1 is a powerful support line when the trend is ascending, and he considered the breaking this line as an important turn signal. One point must be set for Gann Fan to be drawn. Read more... |
|
Gann Grid |
Lines of the Gann Grid are drawn at an angle of 45 degrees. Two points must be set for this tool to be drawn. Read more... |
