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Originally explained by Robert Krausz in the 1998 issue of Stocks & Commodities Magazine, the Gann High Low Activator Metatrader 5 forex indicator has become a significant tool in the world of Forex trading. This technical indicator is essentially a Simple Moving Average (SMA) of the previous N periods’ lows or highs. The indicator’s distinguishing feature is its ability to accurately trace the curves of the highs and lows.
Indicator Display and Functionality
The Gann High Low Activator indicator appears on the chart as a dual-colored line (orange-red & lime green), a gray dotted line that runs somewhat in the middle of the channel, and a gainsboro shadow. These components form a sort of channel that needs to be breached for the trend to change. The close of the bar is what determines which of the highs or lows gets plotted.
Traders can use this indicator for various purposes including scalping, day trading, and swing trading. The Gann High Low Activator Metatrader 5 forex indicator has proven to be effective in these trading strategies. For example, the GBP/USD H1 chart below showcases the Gann High Low Activator Metatrader 5 forex indicator in action.
Basic Trading Signals
Understanding the signals of this forex software is crucial for successful trading. A lime green dual-colored line indicates a buy signal, suggesting traders to go long. Conversely, an orange-red dual-colored line signifies a sell signal, recommending traders to go short. Exit strategies are also clearly defined. During a bullish trend, all buy orders should be closed if the lines (dotted and dual colored) of the Gann High Low Activator indicator intersect. Similarly, in a bearish trend, all sell orders should be closed if the lines cross.
Customization and Compatibility
The Gann High Low Activator indicator is highly customizable and compatible with any currency pair on the Metatrader 5 platform. Traders can adjust variables such as the Average period, Average method, and various alert settings. The indicator can be used on multiple time frames including 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, and 1-Month.
Where can I see independent testing of the Gann Hi Lo Forex Software?
Independent testing of this product can be viewed on the forexroboteasy.com website.
Can I subscribe to updates on the results of testing this product?
Yes, you can subscribe to updates on the results of testing this product on the mentioned website.
Can I share my experience of using the Gann Hi Lo Forex Software?
Absolutely! Users are encouraged to share their experiences of using this product. Your feedback is invaluable and can help others in their trading journey.
This review is an independent analysis of the Gann Hi Lo Forex Software. It is not affiliated with the product or its creators. It aims to provide a neutral evaluation based on the product’s features, functionality, and performance in the Forex market.
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