SSL Channel Indicator for Visualizing Trend Changes
Summary
This document introduces a channel-style variant of the SSL indicator, displayed as a colored cloud. It says the indicator raises an alert when the trend changes direction. The listed settings include a moving-average period, a choice to use an NRTR form, a horizontal bar shift, and controls for the number and starting bar of alerts.
The source note says the indicator was first implemented in MQL4 and published in 2008. It supplies no formula, chart evidence, trading rules, or performance evaluation, so it does not establish how the indicator defines a trend change or whether its alerts are useful for trading. The description is a brief feature overview rather than a tested strategy, and users would need the implementation details to assess its behavior.
Key ideas
- The indicator displays an SSL variant as a colored channel or cloud.
- It is described as alerting when trend direction changes.
- Its settings include a moving-average period, NRTR option, and horizontal shift.
- Alert count and alert starting bar can also be configured.
- The document gives no calculation details or performance evidence.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.