A Gann angle is a diagonal line that moves at a uniform rate of speed. A trendline is created by connecting bottoms to bottoms in the case of an uptrend and tops to tops in the case of a downtrend ... Today, it is widely used in the forex markets as well. The Gann HiLo Activator MT4 Indicator plots values on the chart and is determined by a simple moving average of the previous three period highs or lows. The next article here on the Forex Trading Academy deals with interpreting Andrew’s Pitchfork, and there is a reason for this sequence. This reason is the 1 x 1 line in the Gann Fan as, in this case, it acts like a magnet, attracting price. The same thing will apply in the case of the Pitchfork, only that the line is named differently, and ... The Gann Fan is a technical analysis tool created by WD Gann. The tool is comprised of 9 diagonal lines (extending indefinitely) designed to show different support and resistance levels on a chart. These angles -drawn from main tops and bottoms- divide time and price into proportionate parts and are often used to predict areas of support and resistance, key tops and bottoms and future price moves. The advisor first calculates the optimal StopLoss level (the optimization stage) and then independently conducts trading based on this value. The program uses the Fast Artificial Neural Network Library.
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