June 6, 2022

5 1

Semaphore Signal Level Channel – SSL

This indicator consists of two moving averages, one of which is applied to the high of the price and the other to the low of the price, creating an envelope curve that follows the market price. The idea is to trade based on the flip technique, where the price moves from above the two moving averages to below them and vice versa.

When the two moving averages intersect, the indicator signals that the price movement is changing direction or is about to change direction (from long to short or from short to long).

The indicator has two parameters:

  1. Type of Moving Average
  2. LB – Period

You can select a type of moving averages

  • SMA
  • EMA
  • LWMA
  • SSMA

The indicator has two lines:

  1. SSLU
  2. SSLD

We have added these conditions as custom blocks:

  • Close is above/below SSLU
  • Close is above/below SSLD
  • Close is between  SSLD and SSLU
  • Close is between  SSLD and SSLU x Bars
  • SSLU is above/below SSLD

Indicator is implemented for: MT4/MT5/Tradestation/ Multicharts

 

 

 

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Emmanuel
Emmanuel
June 6, 2022 5:54 pm

Excellent !!!!! I did not know this signal , Thank you very much Clonex !!!