About the SSRC Indicator
The SSRC Indicator for MT4 is a momentum-based overbought and oversold tool designed to follow price movement closely.
The indicator plots a single lime-colored line in a separate window below the price chart.
This line fluctuates between predefined levels that highlight potential exhaustion zones and momentum shifts.
When price pushes into extreme zones, the SSRC indicator helps traders anticipate possible pullbacks or continuations.
One of the main advantages of the SSRC indicator is its responsiveness.
Compared to common oscillators such as the Stochastic with default settings, SSRC tends to produce smoother movements while maintaining sensitivity to price changes.
The indicator performs strongly for short-term trading styles where timing matters.
Scalpers and intraday traders often rely on SSRC to align entries with momentum changes rather than reacting late to price moves.
Free Download
Download the “ssrc-indicatorr.ex4” MT4 indicator
Key Features
- Tracks overbought and oversold conditions based on real-time price movement.
- Plots a smooth lime-colored signal line in a separate indicator window.
- Uses predefined levels at -0.9, -0.75, +0.75, and +0.9 to identify momentum extremes.
- Responds quickly to short-term price changes.
- Fits short-term trading approaches such as scalping and intraday trading.
- Combines easily with trend filters and support or resistance analysis.
Indicator Chart
The image below displays the SSRC Indicator in a separate window below the main price chart.
The lime signal line moves between overbought and oversold levels, reflecting changes in momentum as price fluctuates.
Buy and sell opportunities appear as the line crosses the zero level or reaches extreme zones.
Guide to Trade with the SSRC Indicator
Buy Rules
- Wait for the SSRC line to move from negative territory toward the zero level.
- Enter a buy trade when the lime line breaks above the zero signal level.
- Check that price is not reacting from a nearby resistance zone.
- Optional confirmation can come from a higher timeframe direction.
Sell Rules
- Wait for the SSRC line to move from positive territory toward the zero level.
- Enter a sell trade when the lime line drops below the zero signal level.
- Avoid selling directly into strong support zones.
- Additional confirmation may come from bearish session momentum.
Stop Loss
- Place the stop loss beyond the most recent intraday swing level.
- A fixed pip stop can be used based on timeframe volatility.
- Avoid adjusting the stop after entry.
Take Profit
- Target the next visible support or resistance area.
- Partial profits can be taken near momentum extremes.
- Trailing stops may be used during strong price movements.
- Exit manually if momentum fades near the zero level.
SSRC Indicator + Tether Line Forex Day Trading Strategy
This day trading strategy combines the SSRC Metatrader 4 Forex Indicator with the Tether Line Forex Signals Indicator for MT4.
The strategy is designed to capture intraday trends by confirming momentum and trend direction.
It works well on M15, M30, and H1 charts and is suitable for traders who prefer clear signals with structured entries and exits.
Buy Entry Rules
- Wait for the SSRC indicator to break above the zero level.
- Confirm that the Tether Line indicator shows a red line indicating a buy trend.
- Enter a long position once both conditions align.
- Set the stop loss below the recent swing low or a nearby support level.
- Take profit at a previous resistance level, a 1 to 2 reward ratio, or when SSRC crosses back below zero.
Sell Entry Rules
- Wait for the SSRC indicator to break below the zero level.
- Confirm that the Tether Line indicator shows a blue line indicating a sell trend.
- Enter a short position once both conditions align.
- Set the stop loss above the recent swing high or a nearby resistance level.
- Take profit at a previous support level, a 1 to 2 reward ratio, or when SSRC crosses back above zero.
Advantages
- Simple and clear trading signals for day trading.
- Combines momentum (SSRC) with trend direction (Tether Line) for higher accuracy.
- Works on multiple currency pairs with strong intraday movement.
- Helps traders avoid entering counter-trend trades.
Drawbacks
- Whipsaws can occur during low volatility or consolidating markets.
- Requires monitoring charts during active sessions for timely entries.
- Stop loss must be carefully placed to avoid being hit by normal intraday fluctuations.
Case Study 1
On EURUSD M30, the SSRC indicator broke above zero following a short consolidation period.
The Tether Line showed a red line confirming a buy trend.
A long trade was entered with a stop loss under the recent swing low.
The price moved steadily upward, reaching a resistance level 40 pips higher.
The trade was closed for a successful intraday gain.
Case Study 2
On GBPJPY H1, the SSRC indicator broke below zero after a minor rally.
The Tether Line displayed a blue line, signaling a sell trend.
A short position was opened with a stop loss above the previous high.
The price continued downward and reached the next support zone, yielding a 55-pip profit within the same trading session.
Strategy Tips
- Focus on trending pairs where price moves clearly in one direction to reduce whipsaws.
- Combine this strategy with a higher time frame analysis to identify the overall trend direction before entering.
- Use a smaller position size during choppy markets to limit risk.
- Consider closing part of the position at the first target and letting the rest run to capture larger intraday moves.
- Pay attention to key support and resistance levels as potential reversal points for exits.
- Maintain discipline and only take trades that meet both SSRC and Tether Line conditions.
- Monitor multiple pairs, but focus on the ones showing clear trends for higher probability trades.
- Adjust your stop loss dynamically based on recent volatility to protect profits and reduce losses.
Download Now
Download the “ssrc-indicator.ex4” Metatrader 4 indicator
FAQ
What makes the SSRC indicator different from Stochastic?
The SSRC indicator follows price more closely and reacts faster to momentum changes.
Many traders find it smoother and less delayed than standard Stochastic settings.
Which timeframes work best with SSRC?
The indicator performs strongly on M1, M5, and M15 charts where momentum shifts occur frequently.
Can the SSRC indicator be used on its own?
Yes, it can be traded as a standalone tool. Combining it with trend direction often improves consistency.
Summary
The SSRC Indicator for MT4 focuses on identifying momentum shifts through responsive overbought and oversold readings.
Its close relationship with price allows traders to react earlier to changing market conditions.
The simple layout and defined levels make it easy to apply across different trading styles.
It fits naturally into short-term strategies where timing and momentum alignment matter.
