The HiLo Activator is a visual trading tool designed to help market participants identify potential trend shifts and price momentum by smoothing out market volatility. Instead of reacting to every minor price fluctuation, this script analyzes the relationship between the highest and lowest prices over a specific timeframe to project key "swing" levels on your chart.
Core Logic and Functionality
The indicator operates by calculating two distinct moving averages based on the market's extremes:
- High Price Average: Tracks the upper boundary of price action.
- Low Price Average: Tracks the lower boundary of price action.
By using these averages, the script establishes a "zone" of activity. The primary logic relies on comparing the current closing price of a candle against these two smoothed averages.
How it Identifies Signals
The script looks for specific "breakout" behaviors to determine when a trend might be changing:
- Bullish Momentum: If the price closes significantly above the high-price average, the script recognizes an upward push and identifies the low-price average as a key point of interest.
- Bearish Momentum: If the price closes significantly below the low-price average, it recognizes downward pressure and identifies the high-price average as a significant threshold.
Visual Representations
Depending on your preferences, the script provides two different ways to view these signals:
- Dots Mode: This displays specific markers (arrows) at the exact points where the logic detects a swing. It is ideal for traders who prefer seeing discrete entry or exit cues.
- Line Mode: This draws a continuous solid line on your chart. The line shifts dynamically based on whether the price is breaking out to the upside or downside, providing a clear visual path of the prevailing market trend.
Key Parameters
- R (Period): This defines the "look-back" window. A higher number will make the indicator smoother and slower, while a lower number makes it more reactive to rapid price changes.
- Dots/Line Options: These allow you to toggle between seeing individual signals as dots or as a continuous flow line, depending on your visual trading style.
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###Gann_HiLo_Activator_v2###1
//+------------------------------------------------------------------+
//| HiLo Activator.mq4 |
//| Copyright © 2004, Poul_Trade_Forum |
//| Aborigen |
//| http://forex.kbpauk.ru/ |
//+------------------------------------------------------------------+
// Modified Aug14,2007 Kenneth Hookham to provide solid line option
#property copyright "Poul Trade Forum"
#property link "http://forex.kbpauk.ru/"
#property indicator_chart_window
#property indicator_buffers 3
#property indicator_color1 Blue
#property indicator_color2 Red
#property indicator_color3 Navy
//---- input parameters
extern int R=10; // default value for auslanco system
extern bool dots=false;
extern bool line=true;
//---- buffers
double HighBuffer[];
double LowBuffer[];
double LineBuffer[];
double VALUE1,VALUE2,VALUE11,VALUE22;
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
string short_name;
//---- indicator line
if(dots)
{
SetIndexStyle(0,DRAW_ARROW,EMPTY,1,Blue);
SetIndexStyle(1,DRAW_ARROW,EMPTY,1,Red);
SetIndexArrow(0, 0x9F);
SetIndexArrow(1, 0x9F);
SetIndexBuffer(0,HighBuffer);
SetIndexBuffer(1,LowBuffer);
SetIndexEmptyValue(0,0);
SetIndexEmptyValue(1,0);
}
if(line)
{
SetIndexStyle(2,DRAW_LINE,EMPTY,2,Navy);
SetIndexBuffer(2,LineBuffer);
SetIndexEmptyValue(2,0);
}
//---- name for DataWindow and indicator subwindow label
short_name="HiLoV2";
IndicatorShortName(short_name);
SetIndexLabel(0,short_name);
//----
SetIndexDrawBegin(0,10);
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custor indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
//---- TODO: add your code here
// ObjectsDeleteAll(0);
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
int counted_bars=IndicatorCounted(),i,shift,Swing;
//---- TODO: add your code here
i=(Bars-counted_bars)-1;
for (shift=i; shift>=0;shift--)
{
VALUE1=iMA(NULL,0,R,0,MODE_SMA,PRICE_HIGH,shift+1);
VALUE2=iMA(NULL,0,R,0,MODE_SMA,PRICE_LOW,shift+1);
if (Close[shift+1]<VALUE2 ) Swing=-1;
if (Close[shift+1]>VALUE1 ) Swing=1;
if(dots)
{
if (Swing==1) { HighBuffer[shift]=VALUE2; LowBuffer[shift]=0; }
if (Swing==-1) { LowBuffer[shift]=VALUE1; HighBuffer[shift]=0; }
}
if(line)
{
if (Swing==1) { LineBuffer[shift]=VALUE2; }
if (Swing==-1) { LineBuffer[shift]=VALUE1; }
}
//----
}
return(0);
}
//+------------------------------------------------------------------+
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