Gann Hi Lo Activator SSL Indicator

Gann Hi Lo Activator SSL Indicator

The Gann Hi Lo Activator SSL is non-repaint technical indicator. It is very easy to use and automatically detects a trend using the William Gann method.

The Gann Hi Lo Activator SSL Indicator is designed to trade according to the methodology developed by the legendary trader William Gann.

William Gann’s methods are based on dividing price swings into a sequence of bullish and bearish impulses.

The Gann Hi Lo Activator SSL Indicator for MT5 does this division automatically. When you add the indicator to the chart in the MT5 terminal, you will see a line that moves with the price:

How does the Gann Hi Lo Activator SSL Indicator work?

The logic is simple:

If the price is above the blue line of the indicator, the market is in a bullish trend.
If the price is below the red line of the indicator, the market is in a bearish trend.
The examples below show how to trade using the Gann SSL Indicator.

Buy Signal
The EURUSDJPY H1 price chart below shows an example of a buy trade.

Trading activity is shown by arrows with labels.

A buy signal is given if:

the previous candle closed below the indicator line;
The current candle closed above the indicator line.
Stop loss should be placed below the previous local low.

The long position must be closed on an opposite signal or by other methods such as a trailing stop.

Sell signal Gann Hi Lo Activator SSL
The EURUSD H1 chart above shows how you can use the Gann SSL Indicator to go short during a bearish trend.

A sell signal is given if:

previous candle closed above the indicator line;
The current candle closed below the indicator line.
Protect your short position by placing a stop loss above the previous local low.

Use a counter signal or other triggers to get out of a short position.

Conclusion
The Gann SSL Metatrader 5 indicator helps you trade with the trend using the classic methods of William Gann.

The indicator consists of one line, trading signals appear when the price crosses the indicator line.

Benefits of the Gann SSL Indicator:

very easy to understand;
allows you to trade currencies, cryptocurrencies, stocks and other markets;
does not redraw;
sensitivity can be adjusted;
can be combined with various techniques such as support and resistance levels;
can be used by investors on daily and weekly price charts.
Cons:

does not contain warnings;
too many false signals, especially when there is no clear trend in the market.
William Gann’s theory is too complex to fit into one simple indicator that automatically gives buy and sell signals. We recommend that you study the basics of the theory before using the indicator.

Before risking real money, practice trading on a demo account with your preferred forex broker. Download the Gann Hi Lo Activator SSL Indicator for MT5 for free now!