Gann Grid

The Gann grid consists of trends arranged at an angle of 45 degrees. Following Gann's concept, the 45 degree line is a long-term trend line. As long as the price is above the rising line, the market is in a bullish trend.

When prices are below the falling line, the bearish trend stage begins. If the Gann lines intersect, this indicates a reversal of the general trend.

The Gann grid is built according to the same rules as Gann Lines . Gann's starting and ending points are located at the maximum and minimum price levels. Quite often they can be at the opposite level from the minimum and maximum costs. In addition, it is also possible to construct a graph with lines from the maximum to the minimum indicator or from the stage of price disappearance to the place of appearance with a certain frequency.

The operating principle of the Gann grid is to process rhombic sides.
The main thing is to track price fluctuations along the length of the line, at the intersection of the diamonds, looking for the validity and logic of the movement. The Gann grid is a powerful market research tool developed by the trader. Quite often it is used with other technical analysis indicators.

The use of such a graphical construction is quite simple, this is clearly seen in the example above; in fact, the grid lines form price channels , the boundaries of which are the main guidelines when opening transactions, while standard strategies for breakout or trading within the channel are used.

The construction itself is carried out using the MetaTrader 4 terminal or using a special indicator.