SSL Channel

Category: trend

A trend-following channel indicator that uses SMA of high and low prices to determine momentum direction and signal flips. Common in NNFX trading strategies.

Formula

\begin{cases} SMA_{high} = \text{SMA}(High, N) \\ SMA_{low} = \text{SMA}(Low, N) \\ Dir_i = \begin{cases} 1 & Close_i > SMA_{high, i} \\ -1 & Close_i < SMA_{low, i} \\ Dir_{i+1} & \text{otherwise} \end{cases} \\ Leading_i = \begin{cases} SMA_{high, i} & Dir_i = 1 \\ SMA_{low, i} & Dir_i = -1 \end{cases} \\ Trailing_i = \begin{cases} SMA_{low, i} & Dir_i = 1 \\ SMA_{high, i} & Dir_i = -1 \end{cases} \end{cases}

Inputs

• InpPeriod (default: 10)

See signal primitives, usage in published strategies and more on WOBR StrategyVerse.