MQL4 - automated forex trading   /  

Technical Analysis

Read Financial Magazines in MetaTrader 4 and MetaTrader 5!

Technical Analysis  Line Studies  Gann Tools  Gann Grid

Analyze with the

Gann Grid

Gann Grid represents trends built at the angle of 45 degrees (Gann Lines). According to Gann’s concepts, a line having a slope of forty-five degrees represents a long-term trendline (ascending or descending). While prices are above the ascending line, the market holds bull direction. If prices hold below descending line, the market is characterized as a bear one. Intersection of the a Gann Line usually signals of breaking the basic trend. When prices go down to this line during an ascending trend, time and price become fully balanced. The further intersection of Gann Lines is an evidence of breaking of this balance and possible change of the trend.



To build a Gann Grid, it is necessary to define two points determining sizes of cells.


Warning: All rights on these materials are reserved by MetaQuotes Software Corp. Copying or reprinting of these materials in whole or in part is prohibited.