The GHLA_ST_Bar is a powerful signal indicator for MetaTrader 5, combining the strengths of the Gann HiLo Activator and the SuperTrend indicators. This tool is designed to enhance your trading decisions with clarity and precision.
Key Features
- GHLA Period: This sets the calculation period for the Gann HiLo Activator.
- SuperTrend Period: Define the calculation period for the SuperTrend indicator.
- SuperTrend Shift: Adjust the SuperTrend line's position relative to the price.
- Use SuperTrend Filter: Enable or disable the trend filter in SuperTrend (Yes/No).
One of the best things about the GHLA_ST_Bar is that you don’t need to have the Gann HiLo Activator and SuperTrend indicators installed separately. This indicator computes everything independently, saving you time and hassle.
Here’s how the signaling works:
- If both the Gann HiLo Activator and SuperTrend indicators signal an uptrend, a green label appears.
- If both indicators indicate a downtrend, you’ll see a red label.
- In cases where the indicators don’t align, a gray label will be displayed.
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