Sunday, April 29, 2012

MT4 indicator (Gann_HiLo_Activator_v2.ex4)

MT4 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.

Depending on the position on the indicator line traders determine whether it is time to Sell or Buy.

Gann_HiLo_Activator signals should be read as follows:

- Indicator line is below the price => uptrend, time to buy, no selling.
- Indicator line is above the price => downtrend, time to sell, no buying.
- Whenever indicator line changes its position to the opposite => time to close existing trades and initiate trades in the opposite direction.

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. 

Forex MT4 indicator gann hi loDownload indicator: Gann_HiLo_Activator_v2.ex4


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