Hi Lo Activator uses the average of the high and low price values over the specified period of time. Similarly to the Flipit indicator, the Hi Lo Actvator has a step-like appearance and gives entry signals as well as trailing stops.
The Short Stop line lies below the candles. If the value happens to cross the candle cutting the specified number of pips from below (Number of points to switch), Short Stop stops to be plotted and disappears starting from the following candle, and Long Stop starts to be plotted from the current candle.
The Long Stop line lies above the candles. If the value happens to cross the candle cutting the specified number of pips from above (Number of points to switch), Long Stop stops to be plotted and disappears starting from the following candle, and Short Stop starts to be plotted from the current candle.
If the Wait for close parameter is enabled, the indicator will flip only after crossing the candle’s body. The conditions for flipping will be checked only when the candle closes. If the setting is disabled, the highs and lows are also taken into account - the conditions for flipping will be checked at every tick.
If the Real Time parameter is disabled, the values of this indicator will be shifted one candle forward (analogous to the Flipit indicator).
Methods of use:
| 1. | When Hi Lo Activator starts to be plotted below the price it’s time to buy |
| 2. | When Hi Lo Activator starts to be plotted above the price it’s time to sell. |
| 3. | The intersections of the indicator line with the chart graph give you entry and exit signals. For example, on the chart below you should open a trade at the point A and close it at the point B. |
