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SSL Indicator

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SSL Indicator

Postby TonyMod » Wed Dec 09, 2009 1:19 pm

Here is a screen shot, thumbnail image barely displays the line so click it to enlarge:
ssl-indicator.jpg
Screenshot of this indicator in MarketScope 2.0 Charts


You can download it:
SSL.lua
(2.38 KiB) Downloaded 2642 times
Best Regards,

"TonyMod"
(FXCodeBase.com Forum Moderator)
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Re: Hello there !

Postby silviu » Mon Dec 14, 2009 2:02 pm

WOW !!! Thanks again :D
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Re: SSL Indicator (Exact Translation from MQ4 version)

Postby bluepip » Thu Oct 07, 2010 1:44 am

Is it possible to get the SSL Indicator colored like "Color Regression line" (values over SSL are green, values under SSL are red)?

Thanks
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Re: SSL Indicator (Exact Translation from MQ4 version)

Postby Apprentice » Thu Oct 07, 2010 2:04 am

Added to development Cue.
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Re: SSL Indicator (Exact Translation from MQ4 version)

Postby nazaar » Fri Feb 10, 2012 5:06 pm

Please,

can you advise how the SSL line is generated, what is the formula. Is it generated from price, from an another indcator or both. The default look back period is 10, what does the look back period determine?

this looks like a good indicator but I have no idea how it is generated.

thanks
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Re: SSL Indicator (Exact Translation from MQ4 version)

Postby Apprentice » Sun Feb 12, 2012 4:16 am

SSL a.k.a. GHLA is or moving average of the high value
or moving average of the low value.
If the closing price is higher than the indicator line,
from that point forward SSL is MVA, of High.
If the closing price is lower than the indicator line,
from that point forward SSL is MVA, of Low.
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Re: SSL Indicator (Exact Translation from MQ4 version)

Postby nazaar » Sun Feb 12, 2012 8:43 pm

Thank you, your explanation makes sense. I understand the ssl indicator better now.

Is it possible to add a line width and style option.

take care.
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Re: SSL Indicator (Exact Translation from MQ4 version)

Postby Apprentice » Mon Feb 13, 2012 6:05 am

Color & Style options added.
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Re: SSL Indicator

Postby rahulmalik » Sun Mar 11, 2012 1:08 am

Dear Apprentice, I could not find any strategy on SSL indicator on this forum.

Please device an strategy for the same for automatic trades.

In my opinion, following are good ideas to be a part of strategy :

1. Option to chose Buy / Sell / Both
2. Allowed trade - Yes
3. Stop - In addition to chose pips, should have option to use the reverse signal as exit signal (if single side trade option buy or sell is activated)

Thank you much in advance for your efforts.
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Re: SSL Indicator

Postby Apprentice » Sun Mar 11, 2012 5:24 am

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