Gann_HiLo Activator MT4 indicator is a custom indicator to identify the current trend on the selected timeframe. But this indicator is good for H1 and higher time frame. Here is the screenshot for this Gann Hi_Lo Activator indicator for Metatrader.
The indicator consists of a single line which either flows above price (above candles) or below.
How to read Gann_HiLo_Activator:
- 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. Don't forget to put stop loss on each position you take.
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