Gann High Low Activator SSL Alert Indicator
Platform: MT5 Type: Trend Last update: September 24, 2024The Gann High Low Activator SSL Alert indicator is based on the original Gann Hi-Lo Activator SSL, but this one was rewritten in MQL5. Another change is that the original indicator was single color, that is why for the more visual definition of the trend direction it was necessary to make it color.
The signal of the indicator must be considered only after closed bars. As for a time when a candlestick is not closed, its results may be changed.
As it is with other trend indicators, it is inclined to trigger false signals in the flat market.
There are many advantages of the Gann High Low Activator SSL Alert indicator, including following usages:
- dynamic short term support and resistance line;
- signal for scalping in the breakthrough price of the indicator line;
- an additional filtering of signals for your trading system.
How does it work?
Signals provided by the Gann High Low Activator SSL Alert Indicator are really intuitive and will not cause you difficulties. Simply follow the suggestions below.
Buy Entry: Open long trade when the Gann High Low Activator SSL Alert indicator signal line turns blue. Place your stop loss a few pips below the last swing low.
Sell Entry: Open short trade when the Gann High Low Activator SSL Alert indicator line turns red. Place your stop loss a few pips below the last swing high.
Exit Trade / Take Profit: Close your open position when the opposite signal occurs, or use your own preferred method of trade exit.
Example of USD/JPY M15 Chart
This screenshot below shows an example of the Gann High Low Activator SSL Alert Indicator in action.
