SSL Indicator

SSL Indicator for MT4

Introduction to the SSL Indicator

The abbreviation of the SSL Indicator means Semaphore Signal Level. It works in a similar manner to the Moving Average indicators. In fact, the SSL indicator plots two lines that together create a channel. When the green line is above the red one – it means the trend is bullish. The opposite scenario reflects the bearish trend.

The SSL Indicator fits all kinds of timeframes and currency pairs. It is displayed directly on the main trading chart. The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.

How to set up the SSL indicator in MT4?

Installation Guide

Download the SSL-indicator.rar archive at the bottom of this post, unpack it, then copy and paste the SSL-indicator.ex4 or SSL-indicator.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.

You can gain access to this folder by clicking the top menu options, which goes as follows:

File > Open Data Folder > MQL4 > Indicators (paste here).

Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.

Bottom Line

The SSL indicator is well worth adding to your trading collection. A good forex indicator will most probably enhance your chance of success. Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it. Don’t forget that we still have more great free forex MT4 indicators to download and try.

Download Free Forex MT4 SSL Indicator

To download the SSL Indicator for Metatrader 4 (MT4) for free just click the button below:

SSL Indicator Free Download