MT4 indicator (Gann_HiLo_Activator_v2.ex4)
Download indicator: Gann_HiLo_Activator_v2.ex4
How to trade with Gann_HiLo_Activator indicator
The indicator consists of a single line which either flows above price (above candles) or below.
Gann_HiLo_Activator signals should be read as follows:
- Indicator line is below the price => uptrend, time to buy, no selling.
Note: Indicator signals are confirmed only when price candles are closed. E.g. on hourly charts, during the course of 1 hour Gann_HiLo_Activator line can change it position flipping above, below and back multiple times. Therefore, until an hourly candle closes, no actions should be taken.
Gann_HiLo_Activator indicator helps to identify and follow trends across all time frames. It can help to stay longer in a trade and not panic. At the same time it is very quick to react to trend changes.
Yet, like any trend indicator, it is prone to sideways market drifts. And although unlike other indicators it'll give fewer false signals, it would be extremely difficult to profit with it during ranging markets.