Hello Traders, anybody interested in the Gann HiLo Activator MT4 indicator (sometimes also called Gann High Low Activator), the download link is at the very bottom.
Disclaimer: I don’t use this indicator but you may find it useful. Test it out and see if it works for you.
The Gann HiLo Activator is an MT4 indicator that is plotted over a price chart. This forex indicator is simply a moving average of the previous 3 periods highs OR lows which is plotted based in relation to the HiLo Activator.
What Is The Gann HiLo Activator Indicator MT4 Used For?
The Gann HiLo Activator Indicator is a trend indicator which means that it helps you identify trends. This indicator is really good when the forex market is trending but in ranging markets, it will perform really badly as I will show you on a chart below.
Gann HiLo Activator MT4 Bullish Signal
Notice on the chart below, that blue line is the Gann HiLo Activator and can you see that price is above it?
That means one thing: If you see that the price is above the Gann HiLo Activator, the trend is up.
What should you do?
You only look for opportunities to buy.
Gann HiLo Activator MT4 Bearish Signal
Notice on the chart below, price is travelling below the Gann HiLo Activator indicator and this means only one thing: the trend is down.
And when the trend is down, you only look for opportunities to sell.
So really, the Gann HiLo Activator is very similar to the moving average indicator.
Gann HiLo Activator MT4 Performance In Ranging Forex Market
Similar to the problems of moving average indicator in a ranging forex market, the gann hilo activator indicator will give many false signals in a ranging market as you can see on the chart below:
Gann HiLo Indicator MT4 Download Link
Ok, here’s the download like for the Gann HiLo Indicator:gann-high-low-activator