SSL Channel, Color-Changing Moving Average, and HAMA Average Candle
Three-Color Resonance Strategy Based on SSL Channel, Color-Changing Moving Average, and HAMA Average Candle
Long (Buy) Setup
A long trade requires the simultaneous confirmation of “3 greens” — meaning all three indicators show a green (bullish) signal:
-
SSL Channel indicates an upward (green) trend
-
Color-Changing Moving Average turns green
-
HAMA (Heiken Ashi Moving Average) shows green bullish candles
A valid long entry signal occurs when a green candle closes above all three price bands (SSL, color-changing MA, and HAMA).
-
Stop-loss: placed below the signal candle, EMA 100, or the lower SSL channel.
Take-profit: when the price falls below the moving average or when the color-changing MA turns red.
I am sharing the MT5 indicator to community see anyone can help to improve the set with CP. The Buffers 0=Buy, 1=Sell. Thank you.
MT version:
Set for MT5 only
EA version:
Latest
Symbol:
Any
TimeFrame:
Any
3colorSSLHMA.ex5
Short (Sell) Setup
A short trade is the mirror image of the long setup, requiring “3 reds” — all indicators confirming a bearish trend:
SSL Channel indicates a downward (red) trend
Color-Changing Moving Average turns red
HAMA displays red bearish candles
A valid short entry signal occurs when a red candle closes below all three price bands.
Stop-loss: placed above the SSL channel.
Take-profit: when the price breaks back above the moving average or when the color-changing MA turns green.