3 minutes
This post focuses on customizable Semaphore Signal Level (SSL) Channel Indicator factory scans, which can be edited, modified, or rewritten and then scanned using ChartAlert’s native stock screener or technical analysis scanner, namely the Basic Scanner and Advanced Scanner.
Display Semaphore Signal Level (SSL) Channel Indicator Values
Tags: How to use the Semaphore Signal Level (SSL) Channel indicator, Semaphore Signal Level indicator formula, Semaphore Signal Level indicator scanner, Semaphore Signal Level indicator screener, Semaphore Signal Level indicator strategy
List symbols
Add Column Semaphore Up chart
Add Column Semaphore Down
Apply to NSEThis scan calculates and shows the 10-period Semaphore Signal Level (SSL) Channel for all NSE symbols, using the Simple Moving Average as the default setting.
OPTION 1
The scan below displays Semaphore Signal Level (SSL) values across different time periods. For simplicity, the terms “SSLUP” and “SSLDN” are used.
List symbols
Add Column SSLUP(10) as SSLUP10 chart
Add Column SSLDN(10) as SSLDN10
Add Column SSLUP(21,EMA) as SSLUP21 chart
Add Column SSLDN(21,EMA) as SSLDN21
Apply to NSESemaphore Buy Signal
Tags: Semaphore Signal Level bullish crossover screener, Upward crossover of Semaphore Signal Level, Semaphore Signal Level crossover scanner, Semaphore Signal Level crossover screener, Semaphore Signal Level crossover stocks
List symbols where
SSLUP has crossed above SSLDN
Add Column Close
Add Column SSLUP chart
Add Column SSLDN
Apply to NSEThis scan identifies NSE symbols where the 10-period Semaphore Up Line has crossed or flipped above the Semaphore Down Line.
OPTION 1
The following scan looks for a flip, but using the EMA in place of the default SMA.
List symbols where
SSLUP(10,EMA) has crossed above SSLDN(10,EMA)
Add Column Close
Add Column SSLUP(10,EMA) chart
Add Column SSLDN(10,EMA)
Apply to NSESemaphore Sell Signal
Tags: Semaphore Signal Level bearish crossover screener, Semaphore Signal Level crossover downward, Semaphore Signal Level crossover scanner, Semaphore Signal Level crossover screener, Semaphore Signal Level crossover stocks
List symbols where
SSLUP has crossed below SSLDN
Add Column Close
Add Column SSLUP chart
Add Column SSLDN
Apply to NSEThis scan identifies NSE symbols where the 10-period Semaphore Up Line has crossed or flipped below the Semaphore Down Line.
OPTION 1
The following scan looks for a flip using the EMA instead of the default SMA, with the time period also adjusted to 21.
List symbols where
SSLUP(21,EMA) has crossed below SSLDN(21,EMA)
Add Column Close
Add Column SSLUP(21,EMA) chart
Add Column SSLDN(21,EMA)
Apply to NSEFor comprehensive insights into the SSL Channel Indicator, including its interpretation, applicability to both trading and investing purposes, as well as an exploration of its advantages and limitations as an indicator, click here.