Draw a main line from an important bottom and top

Gann Fan

Gann Angles are drawn from a bottom or top at various different angles. There are nine significant angles, the 1 x 1 is the most important:

1 x 8	-	82.5 degrees
1 x 4	-	75 degrees
1 x 3	-	71.25 degrees
1 x 2	-	63.75 degrees
1 x 1	-	45 degrees
2 x 1	-	26.25 degrees
3 x 1	-	18.75 degrees
4 x 1	-	15 degrees
8 x 1	-	7.5 degrees

Note that each of the angles can provide support and resistance depending on the trend. During an up trend the 1 x 1 angle tends to provide major support. A major reversal is signaled when prices fall below the 1 x 1 trendline. As one angle is penetrated it is expected that prices will move to the next angle.

In the GannFan Parameters window you can change the angle parameter. A zero means no line will be drawn. You can also change the color and thickness of the lines.