HiLo Activator (Gann Style)

Category: trend

A trend-following indicator (Gann HiLo Activator style) that tracks price relative to moving averages of highs and lows to determine trend direction and trailing support/resistance.

Formula

\text{State}_i = \begin{cases} 1 & \text{if } Close_i > MA(High)_{i-1} \\ -1 & \text{if } Close_i < MA(Low)_{i-1} \\ \text{State}_{i-1} & \text{otherwise} \end{cases} \\ \text{HiLoValue}_i = \begin{cases} MA(High)_{i-1} & \text{if } \text{State}_i = -1 \\ MA(Low)_{i-1} & \text{if } \text{State}_i = 1 \end{cases} \

Inputs

• InpPeriodHiLo (default: 10)
• InpShiftHiLo (default: 0)
• InpSmoothingMethodHiLo (default: MODE_SMA)
• InpWingdingsCodeHilo (default: 159)

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