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HiLo Activator

This is a simple and reliable indicator that can be used as an additional filter in your trading system. Also, you can create a new trading system based on the product.

The indicator is capable of detecting the rise and fall of the market on the selected number of candles (adjustable parameter).

Several indicators with different parameters can be applied to a single chart. COMMENT function has also been provided for more convenience allowing you to leave a comment at the line's end.

Added new trend tracking features:

There are three types of the trend applicable to any analyzed time interval: smaller, intermediate and main. This also mans that there three types of maximums and minimums of the fluctuations that correspond to these trends.

This version of the HiLo Activator v3 indicator implements the features of tracking and determining the period of the trend:

1 – smaller, 2 - intermediate, 3 – main, 0 – continuation or completion.

Icon sizes can be customized for all signals. At the value 0 the icon is not displayed.


Trend identification

If the price exceeds the previous fluctuation top, then there is an uptrend on the time format and the level (smaller, intermediate or main) on which the trading is performed. Trading should be continued only in the long direction until the price breaks the previous bottom of the fluctuation of the same level. Once the smaller bottom of the fluctuation is broken, the trader must wait for the intermediate or main fluctuation bottom to form before opening long positions.


Current parameters:

  • BARS= 3; - the number of candles, bars used for the calculation of the main trend line.
  • COMMENT= "comment"; - Comment - displays your comment

Additional new parameters:

  • Main size = 1; - Main size - the main trend line by bars, 0 - disabled.
  • Trend size= 3; - Trend size (0 - hide) - the size of the additional trend line by the 0,1,2,3 points specified below
  • Size _0 = 1; - Size 0 (0 - hide) - continuation or completion of the previous period, 0 disabled,
  • Size _1 = 1; - Size 1 (0 - hide) - smaller trend period, 0 disabled,
  • Size _2 = 2; - Size 2 (0 - hide) - intermediate trend period, 0 disabled,
  • Size _3 = 3; - Size 3 (0 - hide) - main trend period, 0 disabled
  • DoubleSignalAlert = false; - Double signal #3 - alert when a double signal №3 appears
Vadim Strelkov
7934
2014.05.12 13:01 
 

User didn't leave any comment to the rating

Version 8.3 - 2016.08.11
Major improvements:
1. Now the indicator additionally draws a trendline based on two extreme prices.
The style, length and color of the line are adjustable. If you set the width to 0, the line will not be displayed.
The description text appears near the line. If you specify a space " ", the text will be displayed as "TF (xxx bars)".

2. A comment is only displayed if the line is disabled. If text is not specified, it will be generated automatically.
Added font, size and color settings (if not shown near the line).

3. The most important update — it is now possible to obtain indicator values from higher timeframes.
IF you specify TimeFrame other than the current chart TF, the indicator will only draw trendline.
Thus you can run 1-2 indicators to draw history points, without trendline and comment, e.g. 4 indicators (1 on each TF) to draw lines.
Version 8.0 - 2016.03.16
Added new trend tracking features:
There are three types of the trend applicable to any analyzed time interval: smaller, intermediate and main. This also mans that there three types of maximums and minimums of the fluctuations that correspond to these trends.
This version of the HiLo Activator v3 indicator implements the features of tracking and determining the period of the trend:
1 – smaller, 2 - intermediate, 3 – main, 0 – continuation or completion.
Icon sizes can be customized for all signals. At the value 0 the icon is not displayed.

New parameters:
Main size = 1; - Main size - the main trend line by bars, 0 - disabled.
Trend size= 3; - Trend size (0 - hide) - the size of the additional trend line by the 0,1,2,3 points specified below
Size _0 = 1; - Size 0 (0 - hide) - continuation or completion of the previous period, 0 disabled,
Size _1 = 1; - Size 1 (0 - hide) - smaller trend period, 0 disabled,
Size _2 = 2; - Size 2 (0 - hide) - intermediate trend period, 0 disabled,
Size _3 = 3; - Size 3 (0 - hide) - main trend period, 0 disabled
DoubleSignalAlert = false; - Double signal #3 - alert when a double signal №3 appears