Placing Gann Lines on BTCUSD Charts in MetaTrader 5

The Gann Lines is the fourth option in the Insert Menu within the MT5 Bitcoin Software. The Gann Lines Button Key is used to place Gann Lines on the Bitcoin Charts and it's shown below.

Drawing Gann Lines on MT5 Crypto Candlestick Charts

Gann Line

The Gann Line is similar to a bitcoin trendline & 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 the trend.

However, Gann Line may need you to change some parameter so that 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 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 momentum of the upward bitcoin trend will continue as shown below. If bitcoin price moves below this line in an upward bitcoin trend the upward bitcoin trend momentum may be reducing.

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

Example of Gann Fan on upward trend:

Gann Fan on MT5 Crypto Candlestick Charts

Gann Grid

The Gann grid uses two points just like a bitcoin trendline to be drawn, once these two lines are drawn, this Grid will then draw grids that are at an angle of 45 degrees, the cryptocurrency traders can then use these grids for analyzing bitcoin price movement.

Drawing Grids on MT5 Crypto Candlestick Charts