OPEN-SOURCE SCRIPT

Generalized SSL by Vts

Updated
// Generalized SSL:
// This is the very first time the SSL indicator, whose acronym I ignore, is on Tradingview.
// It is based on moving averages of the highs and lows.
// Similar channel indicators can be found, whereas
// this one implements the persistency inside the channel, which is rather tricky.
// The green line is the base line which decides entries and exits, possibly with trailing stops.
// With respect to the original version, here one can play with different moving averages.
// The default settings are (10,SMA)
//
// Vitelot/Yanez/Vts March 2019

Release Notes
Corrected constant behavior when close is inside channel
Release Notes
// April 2019: added coloured cloud (red=bearish, green=bullish)
Release Notes
September 2019: increased number of MA available; converted to Pine V4
entrysignalexit_indicatorhighsLOWSMoving Averagestrendindicator

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

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