HiLo Activator 02

Category: trend

A variation of the Gann HiLo Activator that uses moving averages of Highs and Lows to determine a trend regime and plot staircase-style support/resistance levels.

Formula

HLV_i = \begin{cases} 1 & \text{if } Close_i > SMA(High, P)_{i-1} \\ -1 & \text{if } Close_i < SMA(Low, P)_{i-1} \\ HLV_{i-1} & \text{otherwise} \end{cases} \\ \text{Plot}_i = \begin{cases} SMA(Low, P)_{i-1} & \text{if } HLV_i = 1 \\ SMA(High, P)_{i-1} & \text{if } HLV_i = -1 \end{cases}

Inputs

• InpPeriodHiLo (default: 10)
• InpShiftHiLo (default: 0)
• InpSmoothingMethodHiLo (default: MODE_SMA)
• InpWidthHiLo (default: 8)
• InpHeightHiLo (default: 2)

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