Description
Moving Average Envelopes are percentage-based envelopes set above and below a moving average. The moving average, which forms the base for this indicator, can be a simple or exponential moving average. Each envelope is then set the same percentage above or below the moving average. This creates parallel bands that follow price action. With a moving average as the base, Moving Average Envelopes can be used as a trend following indicator. However, this indicator is not limited to just trend following. The envelopes can also be used to identify overbought and oversold levels when the trend is relatively flat.
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longshot
Joined on 17.04.2013
- Distribution: Free
- Language: C#
- Trading platform: cTrader Automate
- File name: Envelopes.algo
- Rating: 5
- Installs: 8687
- Modified: 13/10/2021 09:54
Comments
Please can someone build it with an alerts like someone has done for mt4? (found on FF)
Hello!
How can I put more levels?
Best Regard´s
with trailing SL
Someone please make an Envelopes EA please......
What about autosizing, when I change the time frame from D1 to h1 or less, diagrams are very thin. How to fix it?
Is it possible to make an auto envelope out of this indicator? Automatically narrowing or widening, so that the width of the channel would always contain inside 95% of the prices? Thanks.
can you put in a standard deviation like in MT4?
Yes, you can specify AutoRescale = false for Indicator attribute
Is there a way to prevent the envelope indicator auto-scaling the chart?
Can we have source code for this indicator?