Gann HiLo Activator Bars is a short-term trend following trading indicator which offers simplicity in your daily forex scalping tasks. The indicator plays the part of finding and signaling the current trend mode (bullish/bearish) and your job is to ride the trend from the correct level of the market.
Although, short-term trading involves a significant level of risks of being in a losing streak and that is why recommend traders to wait until the indicator confirms the validity of the current market trend. This is because scalping within the trend is a better and reliable approach of being a surviving and successful short-term trader.
This indicator can be traded in between M1 to M30 charts but the amazing fact is, this indicator can be applied to trade any forex currency pair you like around the market.
Gann HiLo Activator Bars Overview
After installing the indicator at your forex MT4 terminal, your trading chart will appear like the image below:
Gann HiLo Activator Bars Anatomy
Gann HiLo Activator Bars appear as like as the main price bar at the chart and the original price level is plotted as the line chart. This line chart allows you to observe the high-low of the market. On the other hand, the indicator bars turn blue to signal the long entry along with the confirmation of a bullish trend. Conversely, red indicator bars signal to go short with the validity of the bearish thrust of the market. Traders are recommended to buy from the higher low and sell from the lower high of the market for better outcomes.
Gann HiLo Activator Bars: Buy Parameters
- The price line is headed upwards
- The Indicator turns blue
- Buy triggers when the above conditions are met
- Set stop loss below the current swing low of the market
- Exit long/take profit once the indicator bars turn red
Also Read: Super Scalp Indicators
Gann HiLo Activator Bars: Sell Parameters
- Price line is headed to downwards
- The Indicator turn red
- Sell triggers when the above conditions are met
- Set stop loss above the current swing high of the market
- Exit short/take profit once the indicator bars turn blue