SSL Channel Chart Alert Indicator for MetaTrader 5 Download – Free – [TFlab]

The SSL Channel Chart Alert Indicator is an efficient tool that combines Moving Averages (MA) to identify Buy and Sell zones based on market trends.

This MetaTrader 5 indicator uses two Moving Average lines, designed based on Highs and Lows.

SSL Channel Chart Alert Indicator Specifications

The table below outlines the key features of the SSL Channel Chart Alert Indicator:

Category	Support & Resistance - Trading Tool - Volatile
Platform	MetaTrader 5
Skill Level	Beginner
Indicator Type	Reversal - Continuation
Timeframe	Multi-Timeframe
Trading Style	Day Trading
Market	All Markets

Bullish Market Scenario

To initiate a buy trade, the green line must cross above the red line. For example, in the CAD/CHF currency pair chart, this crossover led to the start of an uptrend and a significant price increase.

Bearish Market Scenario

The following image shows the 15-minute chart of the AUD/CAD currency pair. A sell trade is triggered when the green line crosses below the red line.

After this crossover, traders manage their positions by placing stop-loss levels near key zones.

Indicator Settings

The following image showcases the settings panel of the SSL Channel Chart Alert Indicator:

• Ma Period: Define the calculation period
• Alert: Enable signal detection alerts
• Alert Message: Set a custom alert message
• Alert Sound: Choose a sound alert for signals
• Alert Email: Enable email notifications for signals

Conclusion

The SSL Channel Chart Alert Indicator generates Buy and Sell signals based on the crossover of two colored lines.

In this trading assist indicator MetaTrader 5, the SSL lines function as dynamic support and resistance levels, helping traders identify key points for potential trend continuation or reversal.