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SSL Channel Chart Alert

Better your forex trading with the SSL Channel Chart Alert Indicator. Seamlessly combining Moving Averages, it offers clear buy and sell signals for trend traders. Benefit from non-repainting signals and easy-to-use settings.

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Description

Features of the SSL Channel Chart Alert indicator

The SSL Channel Chart Alert Indicator combines moving averages to give trading signals. Semaphore Signal Level, or SSL for short, is a visual trading signal system that displays buy and sell orders. When the indicator lines cross, the indicator generates bullish and bearish trend signs. It is a highly useful technical method for forex traders who use trend trading.

Since the indicator doesn’t repaint, novice forex traders can use it to receive notifications when its lines cross. The sell and buy signals are also easy to understand. On the other hand, the trend signals help identify bearish and bullish market conditions. Expert forex traders can confirm trading signals and use additional momentum indicators or oscillators for better results.

How the Indicator Can Benefit You

The indicator gives trade entry signals. Traders can buy when the green line rises over the red line. You can place a stop loss at the previous swing low and exit when the opposite trading signal appears.

The crossover of the green line below the red line in this technical trading method represents a bearish trend. Consequently, traders can take short positions.

The SSL Channel Chart Alert Indicator for MT4 can work on all intraday and long-term timeframes, such as the daily, weekly, and monthly charts. However, the signals appear frequently in shorter timeframes and might not indicate a trend. Therefore, forex traders must incorporate other technical tools to filter the trading signals produced in a lower timeframe chart.

Indicator Setting Description

Lb: Value for calculating the indicator.

AlertsOn: Turns the alert settings on for the SSL Channel Chart Alert Metatrader Indicator.

alertsMessage: Enables/disables alerts as a message.

AlertsSound: Enables/disables sound alert.

AlertsEmail: Enables/disables email alerts.

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How to Install

How install MT4/5 indicator in the terminal?

To install an MT4/5 indicator in the terminal, follow these steps:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.

Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.

And if asks to confirm DLL?

If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.

DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.

If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.

It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.

 

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