Introduction to the SSL Channel Chart Alert Indicator
The SSL Channel Chart Alert Indicator is a combination of two moving averages with high and low settings. It is a trend following indicator and it is exceptionally effective during trending market conditions. You can use it as a standalone trading tool, or you can add it to your favorite strategy. A crossover of these moving averages is considered to be a trading signal. When the green line crosses over (upwards) the red one it is a signal for a long trade. Similarly, when the red line crosses below (downwards) the green one it is a signal for a short trade.
The SSL Channel Chart Alert Indicator fits all kinds of timeframes and currency pairs. It is displayed directly on the main trading chart. The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
How to set up the SSL Channel Chart Alert indicator in MT4?
Download the SSL Channel Chart Alert.rar archive at the bottom of this post, unpack it, then copy and paste the SSL Channel Chart Alert.ex4 or SSL Channel Chart Alert.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
The SSL Channel Chart Alert indicator is well worth adding to your trading collection. A good forex indicator will most probably enhance your chance of success. Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it.
Download Free Forex MT4 SSL Channel Chart Alert Indicator
To download the No SSL Channel Chart Alert Indicator for Metatrader 4 (MT4) for free just click the button below: