The SSL indicator with colour change. Tool for spotting trends and finding good entry points. I recommend using it for higher timeframes, from 4h to 1D.
Play with the settings, you can change the moving avarage type, its length, if you prefer having the default
bar colours in your chart, disable the colouring function in the script.
Good luck crypto traders!
After testing your individual indicators, it's time to build up your algo with additional indicators and further backtest the strategy.
Using SSL twice here, faster SSL for 1st confirmation, slower SSL for 2nd confirmation and TDFI for volume validation.
After putting the whole system together, sat down to benchmark the various confirmation indicators, shrink it down to backtest individual confirmation indicators.
Results for 24 periods way better than 10, then again it's only one pair. :)
SSL Channel Close is a great all-rounder based on 2 Simple Moving Averages, one of recent Highs, one of recent Lows.
The calculation prints a channel on the chart consisting of 2 lines.
This strategy gives a Long signal when price closes above the top of these 2 lines and a Short signal when it closes below the bottom.
Trading in choppy sideways markets can...
Combined my earlier SSL Channel script with the Chaikin Money Flow indicator.
Link to the SSL Channel script here:
Look at the background, the signals are represented by the colors.
Bright green = long signal from SSL Channel
Bright blue = long signal from Chaikin Money Flow
Bright red =...
SSL channel flips from green to red signifying a potential turn. The SSL in conjunction with a second indicator can prevent loses an become more successful in your trading.
4EMA lines added as a bonus addition.
you can flip from one to another, tweak, tune, turn off, adjust time and colours.
Enjoy and trade safe.