CHiLo — Custom HiLo (SMA/EMA, Activator, Shading, Auto-Decimals)

CHiLo is a clean Hi/Lo trend read with SMA/EMA options, a HiLo vs. HiLo Activator mode, optional band shading, and a right-side HiLo marker with automatic decimals based on the symbol. Optional Buy/Sell labels mark state flips. Inspired by the broader trend-following literature and practitioners; in Brazil, educator Hulisses “Tio Huli” Dias is a notable voice popularizing trend following.

What it does

CHiLo plots a Hi/Lo state with two modes:

• HiLo (classic high/low bands)
  
• HiLo Activator (activator-style behavior)
  

It includes:

• SMA/EMA selection
  
• Optional shading between Hi/Lo bands
  
• Optional Buy/Sell labels on state flips
  
• HiLo marker (auto-decimals from the symbol’s tick size)
  

Goal: deliver a fast, visual trend context that you can pair with your own risk rules and confirmations.

How to use

1. Add the indicator and choose Mode (HiLo / Activator) and MA type (SMA/EMA).
   
2. Tune Period (and Offset if needed). Higher = smoother (fewer flips); lower = more responsive.
   
3. Toggle Shading to emphasize the envelope.
   
4. Toggle Buy/Sell labels if you want flip markers.
   
5. Use the HiLo marker on the right to read the current level (auto-formatted).
   

Inputs (quick reference)

• Period / Offset — sensitivity vs. delay.
  
• Type — HiLo or HiLo Activator.
  
• MA Type — SMA (steadier) or EMA (snappier).
  
• HiLo Style — Points or Line.
  
• Shading & Transparency — highlight the band area.
  
• Buy/Sell Labels — on/off.
  
• HiLo Marker — size and horizontal offset (decimals automatic).
  

Notes & credits

• Educational use only; not financial advice.
  
• For best results, combine with position sizing, stops, and regime filters.