GanHiLo

[Harlequin 10]

I found this indicator but cannot open it in Multicharts. Please could someone with Tradestation try and open it and post in text format if its OK.

 

Thanks

GANNHILO.ELD

[thrunner 10]

Looks like you got it from this thread: Gann Hi/Lo Activator for Tradestation - Forex Factory

from Piter, but inexplicably it is source protected, therefore MC can't open it and TS can use it but can't edit the source.

 

However, this is just a simple hi-lo activator, plotting the 10 period moving average of the highs and lows, depending on condition of the swing, where swing equals to whether the price is above (+1) or below (-1) the 10 period average of the hi or lo, respectively.

 

{ HiLo Activator
by Mark K sadhu@myacc.net }
Inputs: Len(10),Price(C);
Var: Swing(0);

Value1 = AverageFC(H,Len);
Value2 = AverageFC(L,Len);

if Price < Value2[1] then Swing = -1;
if Price > Value1[1] then Swing = 1;

if Swing = 1 then
Plot1(Value2,"+B");

if Swing = -1 then
Plot3(Value1,"+S");

{optionally add
Plot2(Value1,"-B");
Plot4(Value2,"-S");}

[Harlequin 10]

Yes that's where I found it. Getting bored this weekend and as I know nothing about Gann so I thought I'd do a little research.

 

But I'm not paying $437 for a Gann wheel Lambert - Gann Publishing Company : The Official and Complete Source for W. D. Gann's Work, Trading Resources and Supplies.

:haha:

 

 

 

Thanks for your help.