The gann hilo activator is a trend indicator developed by Robert Krausz published into W. D. Gann Treasure Discovered: Simple Trading Plans for Stocks & Commodities. This indicator crate a trailing stop aiming to show the direction of the trend.
This indicator is fairly easy to compute and dont require lot of skills to understand. First we...
This indicator shows the relation of price against different period ma's.
When put in daily Timeframe it gives the 1400 Day (= 200 Weekly) and the 200 ,100 an 50 Daily.
The lines show the 200,100 and 50 ma in relation to the 1400 ma.
PS. I build these scripts for my personal use but publish them open source, as I believe the best...
The EMA of the relative body (RB) of Japanese candles is evaluated.
The RB of a candle (my definition) is simply the ratio of the body with respect to its full length
and taken positive for bull candles and negative for bear candles:
e.g. a bull "marubozo" has RB=1 a bear "marubozo" has RB=-1;
a "doji" has RB=0.
This simple indicator...