The SSL Channel Chart MT4 Indicator is a trend indicator for MetaTrader 4 and is designed to identify the general direction of a trend. The indicator draws a red and green trend line based on a combination of moving averages on the main chart. The red line drawn above the current price candle indicates a downward trend while the line below the current price candle indicates an upward trend. This indicator generates valuable signals upon the crossover of the indicator lines. It is ideal for forex traders who use crossover strategies to identify possible entry and exit points. Forex traders can leverage these signals to execute trades effectively.
This indicator is suitable for traders of all skill levels and across all time frames. Its versatility extends to trading multiple currency pairs within any forex trading system or strategy, for additional confirmation of a current trend.
Indicator Settings
How to Install SSL Channel Chart MT4 Indicator
Download and extract files in the MetaTrader “Indicators” Data Folder found in the Main Menu File section:
The “Indicators” folder is located in the “MQL4” folder.
Restart MetaTrader Platform.
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