This module of signals is based on the market models of the indicator Envelopes. The mechanism of making trade decisions based on signals obtained from the modules is described in a separate section.
Below you can find the description of conditions when the module passes a signal to an Expert Advisor.
Description of Conditions
•The price is near the lower line of the indicator at the analyzed bar.
•The price crossed the upper line of the indicator at the analyzed bar.
•The price is near the upper line of the indicator at the analyzed bar.
•The price crossed the lower line of the indicator at the analyzed bar.
No objections to buying
No objections to selling
Depending on the mode of operation of an Expert Advisor ("Every tick" or "Open prices only") an analyzed bar is either the current bar (with index 0), or the last formed bar (with index 1).
This module has the following adjustable parameters:
Weight of signal of the module in the interval 0 to 1.
Period of calculation of the indicator.
Shift of the indicator along the time axis (in bars).
Method of averaging.
A price series used for calculation of the indicator.
Deviation of the envelope borders from the center line (MA) in percentage terms.