What is SSL_Channel_Chart?
SSL_Channel_Chart builds a channel from two moving averages calculated from candle highs and lows rather than closes alone. This gives the display some sensitivity to the range of each bar.
When a candle body breaks above or below the channel, the affected section changes color to make a possible trend change easier to inspect.
How to use SSL_Channel_Chart
Apply SSL_Channel_Chart to an MT5 chart and watch how the two lines contain price and how the channel color responds to a body break.
Use MA_Method to select the moving-average method and Lb to change the calculation period. Compare settings on a demo chart because a shorter period reacts more quickly.
Where it helps
Uses candle highs and lows so the channel reflects more of the bar range than a close-only average.
Highlights the section where a candle body moves through the channel.
The method and lookback period can be changed from the Inputs dialog.
MT5 Indicator Parameters
The table below lists the available MT5 indicator parameters. You can customize these options in the MetaTrader Inputs dialog to match your trading preferences.
| Parameter | Description |
|---|---|
| MA_Method | Controls this indicator option. Default: MODE_SMA. |
| Lb | Controls this indicator option. Default: 10. |
The screenshot above shows the default input parameters in the MT5 settings window.
How to Install .ex5 Indicator in MetaTrader 5
- Download the ZIP file and extract it.
- In MT5, select File → Open Data Folder.
- Open MQL5 → Indicators and copy the EX5 or MQ5 file into it.
- If the package includes library files, copy them to MQL5 → Libraries. Copy TPL files to the top-level templates folder.
- Restart MT5, find the indicator in the Navigator, and drag it onto a chart.
Test the tool on a demo account first. File contents and required folders can vary between packages.
