HiLo Activator Indicator

HiLo Activator Indicator

Forex market trend from the best HiLo Activator Indicator for MT4. Find the market trend with the help of dots.

The HiLo Activator Indicator plots dots on the chart to determine the market trend. The dots appear with every candle and change color when the momentum changes. The red dots suggests a bearish trend, while the blue dots mention a bullish trend.

The indicator looks similar to the Parabolic SAR and uses the indicator in its calculation. It considers the acceleration factor, which increases with the trend, and plots the dots.

Using the HiLo Activator Indicator on longer timeframes is better, as it can prone to false signals on shorter timeframes.

How to use the HiLo Activator Indicator for MT4?

The above USD/JPY H1 chart shows the HiLo Activator Indicator BUY/SELL signals on the chart.

Just like Parabolic SAR, the indicator presents a BUY signal when dots are below the price. Conversely, it’s a SELL signal when the dots are above the price.

You can also set stop-losses with this indicator. For instance, when the dots are above the price, it indicates a bearish trend, and you can set stop-loss orders above the dots.

The indicator can also detect key market reversals. If the price moves beyond the dots, it suggests a potential trend reversal, and you may use this as a signal to close your positions or take trend reversal trades.

You can apply the indicator with other indicators for further signal confirmation.

Conclusion
The HiLo Activator Indicator for MT4 uses Parabolic SAR calculations to plots dots on the chart. These dots help in determining current market trends and reversals.

If you want to try the indicator, you can download for free here.