Gann Fan
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    Gann Fan

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    Article summary

    DXcharts powers DXtrade, DXfina, and FinCharts.
    Check our website to find more information about DXcharts library.

    Gann Fan is a tool that plots a bunch of indefinite rays (Gann angles) coming from the initial pointThe rays divide time and price on the chart into proportional parts according to Gann method and are designed to show different support and resistance levels on the chart. Gann Fan is drawn by two extreme points that make up a trendline. 

    To add Gann Fan to the chart, click its name or the icongann_fanon the Drawings Panel. Specify an initial point on the chart (high/low) to start drawing a trendline, then specify the second point to place the fan.

    Note: To cancel drawing, press ESC

    gann_fanGann Fan

    Actions with the Gann Fan

    • To edit the Gann Fan (the trendline direction, high/low), drag it by one of the points.
    • To move the Gann Fan, drag it by one of its rays to where you want it on the chart.
    Note: To open the settings window, double-click a line on the chart

    Gann Fan Toolbartoolbar1(2)

    Color. In the Color section, you can change the color of the Gann Fan entirely. The slider at the bottom is intended to set transparency of the color.
    To create a custom color:
    • clickto open the color picker
    • by using the slider at the bottom, adjust the main color
    • on the color picker, set a shade for the main color

    The custom-created colors are added to your palette. To remove a custom color, drag it out of the palette.

    Weight. In the Weight section, you can set the thickness and style of the Gann Fan entirely (currently, only dashed style is available).
    Settings. A set of parameters that are described in Gann Fan Settings.
    Lock. Locks the drawing position. The figure cannot be moved or edited on the chart.
    Delete. Removes the Gann Fan from the chart.
    Note: To delete Gann Fan, you can also press the Delete or Backspace button on your keyboard

    Gann Box Settings

    • Coordinates. The coordinates of two points of the trendline you can specify by filling out the values for the prices, dates and time.
    • Labels. In the Labels section, you can choose whether to show coefficients on the rays or not.
    • Style. In this section, you can set background transparency or turn it on/off. Click to the left of the Background setting to turn it on/off.
    • Fans. In this section, you can set a color or style for every ray of the Gann Fan. Click to the left of every setting to turn on/off displaying of a ray.

    Click Close to apply the settings.

    Note: At the bottom-left corner of the window, click Restore Defaults to reset the settings