Overview of the Gann High-Low Activator SSL Alert Indicator
The Gann High-Low Activator SSL Alert indicator plots a dynamic line based on recent high and low prices, smoothed using a chosen method. It’s primarily used to identify trend direction and generate potential buy or sell signals when price crosses above or below the line. The built-in alerts notify traders of these potential shifts in trend.
This version includes alert and sound options, making it more responsive for active traders who want to be notified of trend changes without constantly monitoring the screen.
How to Use It in Practice
In practice, the Gann High-Low Activator SSL Alert can be used to:
- Identify when a trend shift may be happening based on price crossing the indicator line.
- Use the line as dynamic support/resistance for trailing stops or entries.
- Combine it with other indicators to confirm directional bias or filter trades.
- React quickly with sound/alert notifications when a signal occurs.
This indicator is best suited for trend-following strategies, especially on lower timeframes where quick reactions are essential.
Parameter Explanations
Period
Defines the number of bars used to calculate the recent highs and lows. A higher value makes the line smoother and slower to react; a lower value makes it more sensitive.
Method
Selects the type of smoothing to apply to the indicator. Common methods include Simple, Exponential, and Smoothed. This affects how responsive the line is to price changes.
Alert
Enables or disables pop-up alert notifications when price crosses the line, signaling a potential trend change.
Sound
Enables or disables an audible alert when a signal occurs, helping traders react even when not visually monitoring the chart.
