gann high/low activator (simple)
Info
The gann high/low activator (simple) is a Indicator for MetaTrader 5 that basics :the gann high low activator indicator was described by robert krausz in a 1998 issue of stocks & commodities magazine. it is a simple moving average sma of the previous n period's highs or lows.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use gann high/low activator (simple)
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
basics :the gann high low activator indicator was described by robert krausz in a 1998 issue of stocks & commodities magazine.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Composite High/Low Momentum Indicator (HLM) - another powerful indicator for MetaTrader 5 traders.
basics
:
the gann high low activator indicator was described by robert krausz in a 1998 issue of stocks & commodities magazine. it is a simple moving average sma of the previous n period's highs or lows.
Also recommended: Gann Multi Trend Indicator - similar indicator with strong performance on MetaTrader 5.
recommendations:use the color changes as trend change signals
at the time of this indicator invention, usual charts were (main hand drawn) daily charts. it is recommended that you start from daily charts testing and then build your way to other time frames (with some period experimenting advised)
You may also like: Gann Hi-Lo Activator SS L - excellent alternative for indicator users on MetaTrader 5.
Source Code
яю//------------------------------------------------------------------
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.00"
#property description "Educational code - RobotFX www.robotfx.org"
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_plots 1
#property indicator_label1 "Gann activator"
#property indicator_type1 DRAW_COLOR_LINE.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.