The SSL channel is a mighty breakout and trend-following indicator. It is assumed as TOP 100 Forex indicator and was featured by VP of No Nonsense Forex.
General Usage
A SSL Moving Averages cross (color changes as well) is assumed as ENTRY signal and the trader can open a position following the trend direction. Such a signal is also always an EXIT signal for currently active trades.
Moving Averages
16 different Moving Averages are available:
ALMA (Arnaud Legoux Moving Average)
DEMA (Double Exponential Moving Average)
EMA (Exponential Moving Average)
FRAMA (Fractal Adaptive Moving Average)
HMA (Hull Moving Average)
JURIK (Jurik Moving Average)
KAMA (Kaufman Adaptive Moving Average)
Kijun (Kijun-sen / Tenkan-sen of Ichimoku)
LSMA (Least Square Moving Average)
RMA (Running Moving Average)
SMA (Simple Moving Average)
SuperSmoothed (Super Smoothed Moving Average)
TEMA (Triple Exponential Moving Average)
VWMA (Volume Weighted Moving Average)
WMA (Weighted Moving Average)
ZLEMA (Zero Lag Moving Average)
A freely determinable length allows for sensitivity adjustments that fits your own requirements.
Alerts
Traders can easily use the trend change signals to trigger alerts from:
Up Signal
Down Signal
Those values are > zero if a condition is triggered. Alert condition example: "Up Signal" - "GreaterThan" - "0"
I love this indicator, is it possible to add the MTF function?
jbelka
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Hey, excellent trading tool here man. SSL is one of my favorites. I have noticed though that the KAMA version isn't displaying correctly, as seen here Any tips?
jayspades
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nice bro. how to cut fake signals.? suggestions please.
UberTradingSystems
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@jayspades, thanks bro. Use a trading system instead of relying on a single indicator.