SSL Channel

I found this indicator on TradingView, and I thought could be interesting.

I added arrows at the crossovers of the two signal lines.

It is a kind of Hi/Lo activator of a channel formed by 2 MA applied to High and Low price series.

//coded by AlexF//
//////////////////

period = 20
type = 0

smaHigh=Average[period,type](high)
smaLow=Average[period,type](low)
if close>smaHigh then
 Hlv=1
elsif close<smaLow then
 Hlv=-1
else
 Hlv=Hlv[1]
endif

if Hlv<0 then
 sslDown=smaHigh
else
 sslDown=smaLow
endif
if Hlv<0 then
 sslUp=smaLow
else
 sslUp=smaHigh
endif
if sslUp crosses over sslDown then
 drawarrowup(barindex,low-5*pipsize)coloured(0,255,0)
elsif sslDown crosses over sslUp then
 drawarrowdown(barindex,high+5*pipsize)coloured(255,0,0)
endif

return sslUp as "UP", sslDown as "DOWN"

//coded by AlexF//

//////////////////

period = 20

type = 0

smaHigh=Average[period,type](high)

smaLow=Average[period,type](low)

if close>smaHigh then

Hlv=1

elsif close<smaLow then

Hlv=-1

else

Hlv=Hlv[1]

endif

if Hlv<0 then

sslDown=smaHigh

else

sslDown=smaLow

endif

if Hlv<0 then

sslUp=smaLow

else

sslUp=smaHigh

endif

if sslUp crosses over sslDown then

drawarrowup(barindex,low-5*pipsize)coloured(0,255,0)

elsif sslDown crosses over sslUp then

drawarrowdown(barindex,high+5*pipsize)coloured(255,0,0)

endif

return sslUp as "UP", sslDown as "DOWN"

channel HighLow hilo moving averages

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No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

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HeikinAshi • 09/09/2019 #
Hi AlexF,
I tested a simple trading system built from this indicator with a normal %SL and %TP, and SMA10 on 200.000 candles. (M15 and M30)
Do you want to see the results?

AlexF • 09/09/2019 #
Sure, you can open a topic about it.
I would personally use some other filter to validate its signals

HeikinAshi • 09/09/2019 #
Yes this was the idea to add some other filter on the basic system.
What other filters are you thinking of? I would add them in a multi time frame as well.

AlexF • 09/09/2019 #
Open a topic and we’ll discuss it

HeikinAshi • 09/09/2019 #
https://www.prorealcode.com/topic/ssl-channel/

jobswaps • 09/09/2019 #
oyes aste uno de soportes y recistencias

jobswaps • 09/09/2019 #
eso lo necesitamos

albertocampagna Sei grande Nicolas :-)

SAcht Dear Nicolas, Great work, thank you very much!I would love to use the indicator in ProScree...

SAcht btw: The above-posted ProScreener is supposed to show stocks for which the center line has i...

Lyam Pareil ne marche pas dommage

ahmedbouaziz89 Bonjour, quand j'ajoute le code ou le fichier dans l'outils screeners de Prorealtime je ne v...

tyvix Bonjour le code marche bien c est juste qu'il n y a pas d opportunité au moment ou vous le...

Andres Uffff, I didn't adjust the different index spreads. With the heavy spread of Italy It's nega...

davidp13 Good day. I know this was posted such a long time ago, but I though rebuilding the system on...

davidp13 Also to note that the one position in my code does not close the other, which as far as I kn...

mamio Very nice indicator. Why doesn't it refresh as time passes?

Nicolas It should refresh on each bar.

mamio On my PC it doesn't refresh. I am using intraday tick bars (not minutes). Unfortunately I do...

Nicolas I would not recommend using this version of the linear regression channel, but this one inst...

Aragorna Hello, Is it possible to updated the indicator to the more updated versione of ProrealTime? ...

Nicolas Use that code instead: https://www.prorealcode.com/prorealtime-indicators/standard-deviation...

Nicolas You can try this code for buy and hold curve line: capital = 10000 mylot = 2 i1 = capi...

soukenson Bonjour Nicolas, Je ne comprends pas où ajouter le code que tu as a donné dans le code initi...

Nicolas Tu veux parler du code pour comparer avec le "buy and hold" ? Si oui, tu as tout ce qu'il fa...

Wolf Just for information: This calculate code is interesting, but it is not a Triangular Moving...

Dron Hola Lobo, soy nuevo en programación, pero me interesa ese indicador, en tu mensaje estas ha...

supertiti // TMA CENTER Channel by Dave modifié // parameters // HalfLength = 50 // AtrLength = 10...

211 Really nice indicator Nicolas! Well done!

supertiti Bonjour Nicolas comme j'avais l'impression qu'il en manque un bout j'ai fais ça : Peux...

Nicolas Merci supertiti ! C'est juste, encore un ptit bug quelquepart ! :|

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