Using a Modified Gann High-Low Indicator for Signals and Trend Assessment

Summary

This note introduces an older modified version of a High/Low indicator inspired by the Gann High Low Activator. A change in indicator color is treated as a potential buy or sell signal. In that signaling approach, the note recommends closing an opposing open position when a new signal appears. It presents the indicator as usable for both short-term scalping and broader trend assessment, depending on the calculation period.

For scalping, shorter periods are suggested; longer periods are suggested for judging trend direction. The author advises pairing the indicator with another tool to filter signals, indicating that color changes alone may produce false or low-quality entries. A third output buffer is described as providing simple positive and negative states for custom integrations. The note gives no formula, parameter settings, market-specific examples, or performance evidence, so it serves as a brief usage guide rather than a validated trading system.

Key ideas

• A color change in the modified High/Low indicator marks a possible buy or sell opportunity.
• The described signal approach closes an opposing open trade when a new signal appears.
• Short calculation periods are suggested for scalping, while longer periods are suggested for trend assessment.
• The author recommends combining the indicator with another filter to reduce weak signals.
• A third indicator buffer provides positive and negative states for custom use.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.