SSL stands for Semaphore Signal Level channel. It consists of two moving averages applied to high and low, respectively, to form a price following envelope.
- Buy Signal: When the price closes above the higher moving average.
- Sell Signal: When the price closes below the lower moving average.
Features
- It comes with a multi-timeframe scanner that scans for the new signals across all the timeframes.
- A straightforward personal implementation of the classic SSL effortlessly finds the trend direction.
- All MetaTrader alerts included.
SSL Formula
- Upper Line: Moving average applied to the bars high.
- Lower Line: Moving average applied to the bars low.
- Buy Entry: When price closes above the upper SSL line.
- Buy Exit: When price closes below the lower SSL line.
- Sell Entry: When price closes below the lower SSl line.
- Sell Exit: When price closes above the upper SSL line.
