HiLo Activator (Pandini Version)

Category: trend

A trend-following indicator based on Gann HiLo logic that tracks the average of highs or lows depending on whether the price has closed above or below the previous period's average.

Formula

HiLo = \begin{cases} SMA(High, P)_{t-1} & \text{if } Close_t < SMA(Low, P)_{t-1} \text{ (Down Trend)} \\ SMA(Low, P)_{t-1} & \text{if } Close_t > SMA(High, P)_{t-1} \text{ (Up Trend)} \end{cases}

Inputs

• InpPeriodHiLo (default: 10)
• InpShiftHiLo (default: 0)
• InpSmoothingMethodHiLo (default: MODE_SMA)
• InpColorUpHiLo (default: clrGreen)
• InpColorDownHiLo (default: clrRed)

See signal primitives and every published strategy that uses HiLo Activator (Pandini Version) on WOBR StrategyVerse.