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The Gann HiLo Activator was first introduced by Robert Krausz in the Feb. 1998 issue of Stocks & Commodities Magazine. Further information about this indicator was gathered from Robert Krausz's Fibonacci Trader Journal (Volume 1, Issue 2). The Gann HiLo Activator is basically a simple moving average of the previous 3 periods' highs or lows plotted based in relation to the HiLo Activator.
Interpretation
The Gann HiLo Activator is meant to be used in conjuction with the Gann Swing Oscillator and Gann Trend Oscillator indicators to form a trading system methodology commonly referred to as the "New Gann Swing Chartist Plan". Within this methodology the Gann HiLo Activator can be used as an entry trigger and stoploss point. When price is above the HiLo Activator it can be used as a buy stop (uses the previous periods lows for calculations) and when price is below the HiLo Activator it can be used as a sell stop (using the previous periods highs for calculation).
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