The Gann fan can be a powerful tool, here is a super simple introduction on how to use it.
Use the angle tool to draw a 45 degree angle, ideally from a local low to a local top or visa versa, go to your chart settings and lock the price/bar ratio so that when you zoom in and out the aspect ratio stays the same and so to does the 45 degree angle. Draw the GANN fan down from the the two points connected by the 45 degree angle...study how the price action interacts with each diaganol, enjoy.
Use the angle tool to draw a 45 degree angle, ideally from a local low to a local top or visa versa, go to your chart settings and lock the price/bar ratio so that when you zoom in and out the aspect ratio stays the same and so to does the 45 degree angle. Draw the GANN fan down from the the two points connected by the 45 degree angle...study how the price action interacts with each diaganol, enjoy.
Comment:
This may not be perfect but its how I use it...another example of how I might draw the fan. Note...I usually click on "auto" in the bottom right hand corner to get my chart set up then try and find the best fit 45 degree line.
