Introduction to the Gann High Low Activator SSL Alert Indicator
The 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.
The indicator is displayed directly on the main trading chart.
It fits all kinds of timeframes and currency pairs.
The default indicator settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
How does it work? How to apply in trading?
Trading Rules Explanation
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.
As always, to achieve good results, remember about proper money management. To be a profitable trader you need to master discipline, emotions, and psychology. It is crucial to know when to trade, but also when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility conditions, beyond major sessions, exotic currency pairs, wider spread, etc.
Example of USD/JPY M15 Chart
This screenshot below shows an example of the Gann High Low Activator SSL Alert Indicator in action.
How to set up the Gann High Low Activator SSL Alert indicator in MT5?
Copy and paste the gann-high-low-activator-ssl-alert.mq5 or gann-high-low-activator-ssl-alert.ex5 indicator files into the MQL5 folder of the Metatrader 5 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL5 > Indicators (paste here).
Now go to the left side of your MT5 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
The Gann High Low Activator SSL Alert indicator is well worth adding to your trading collection but remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it.
Gann High Low Activator SSL Alert Indicator Free Download
To download the Gann High Low Activator SSL Alert Indicator for Metatrader 5 (MT5) for free just click the button below: