Gann HiLo Activator indicator is a simple trend indicator with a colored line.

It has one configurable parameter:

  • Period - calculation period

Calculation:

  • If Direction < 0
    GHLA = AvgH
    Line color - red

  • otherwise
    GHLA = AvgL
    Lien color - green

where:

  • If SW = 0
    Direction = PrevDirection

  • otherwise
    Direction = SW

  • If Close > AvgH
    SW = 1

  • If Close < AvgL
    SW =-1

  • otherwise
    SW = 0

AvgH = SMA(High, Period)

AvgL = SMA(Low, Period)