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SSL Indicator for MetaTrader 5 - Powerful Trend-Following Tool The SSL Indicator is a highly efficient and reliable trend-following tool designed to help traders identify market trends with ease and precision. Based on moving averages, the SSL (Step Stop Line) Indicator changes color and provides clear visual cues when there is a potential trend reversal. This tool is excellent for traders looking to capitalize on strong market trends while avoiding false signals commonly found in ranging market
This Indicator represents the standard Heikin Ashi Candle converter from normal candles. They are applied on a different chart, so you can identify easily both prices. You can also change candles to your favourite colours. If you want to, you can use this indicator into an iCostum, so you can apply other indicators over this on, because there are excellent indicators combined with this type of candles
This is not a conventional Moving Average Indicator. With this indicator, you can fully costumize your moving average. You can select the "Source" Price (not only the standard prices that come with Metatrader), "Period" of it, and the "Smooth" Calculation that you want to apply. There are many of them, such as SMA (Simple Moving Average), SMMA (Smoothed Moving Average), EMA (Exponential Moving Average), DEMA (Double Exponential Moving Average), TEMA (Triple Exponential Moving Average) and LWMA (
This Indicator works as a momentum oscillator however it is most used to surf the trends. Despite of being an oscillator, MACD (Moving Average Convergence/Divergence) doesn't work with over limit conditions (such as OverBought or OverSold). Graphically it's shown as two lines and an histogram with the diference of them. Standard metatrader has this indicator, however with only the two lines and without the histogram. This way it is much easier to read and uderstand it.
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