Gann Hilo indicator

Gann Hilo indicator similar to the standard indicator moving average, but the line of this indicator is more broken by the moving average, especially in places where it has its indicator line in the opposite direction.

Gann Hilo indicator great similarity with standard indicator moving average, is that when the price moves up, the indicator line is strictly below the graph and serves as a dynamic support line, and when the price down, the indicator line is strictly above the graph and serves as a dynamic line resistance.

Indicator line, and the standard moving average line, always follow the current trend, therefore, forex indicator Gann Hilo is a trend and should be used to catch the big trends. But there is an important difference between the behavior of the indicator line at the end of the trend line as opposed to moving average, is that after the end of the movement and the beginning of the flat line indicator continues to move in the direction you are moving before it warns trader possible reversal or correction.

Parameters forex indicator has only one parameter, that this kind of indicator is very important, this option period: Lookback. The higher the value, the less line will change its direction, that is, will be "captured" in a prolonged trend.

Also in the settings, you can configure the form, color and line weight indicator.

Gann Hilo indicator Application for Trade:

as a trend indicator, the use of only trading signals is not enough, because this type of indicator is a very big drawback is the large number of false alarms during lateral movement, therefore, need at least another forex indicator that will filter the data movement .

When developing a new trading strategy, for example, such as the strategy of forex Gann Hilo DMI System, you can use the same screen, but with different parameters, so that one of the "Next" to change the global trend, and the other minor changes in the price movements of currency instruments.

Also in the development of their system, we need to take this as a key indicator and then "attached" to various "auxiliary" indicators such as oscillators, for example.