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MetaTrader 5 Indicator | GHLA

13.7.25 0

Gann HiLo Activator indicator is a simple trend indicator with a colored line.

It has one configurable parameter:

  • Period - calculation period

Calculation:

  • If Direction < 0
    GHLA = AvgH
    Line color - red
  • otherwise
    GHLA = AvgL
    Lien color - green

where:

  • If SW = 0
    Direction = PrevDirection
  • otherwise
    Direction = SW
  • If Close > AvgH
    SW = 1
  • If Close < AvgL
    SW =-1
  • otherwise
    SW = 0

AvgH = SMA(High, Period)

AvgL = SMA(Low, Period)

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