Nadaraya Watson Envelope Multicurrency Scanner Dashboard for MT4/MT5

Traders worldwide have praised the Nadaraya Watson Envelope indicator for its accurate reversal signals on TradingView. Now, this powerful indicator has been adapted into a Multicurrency Scanner Dashboard for MT4/MT5, enabling you to monitor major currency pairs (such as EURUSD, GBPUSD, and USDJPY) across multiple timeframes. Whether you’re seeking short-term reversals on lower timeframes or more robust trends on higher timeframes, this scanner provides the comprehensive market insight you need.

MT4 Version is available Nadaraya Watson Envelop Scanner MT4

MT5 Version is available Nadaraya Watson Envelope Scanner MT5

Key Features

1. Multicurrency & Multi-Timeframe Support

   • Scans multiple currency pairs, including EURUSD, GBPUSD, and USDJPY.
   • Customizable timeframe options from M1 to MN1, allowing you to enable or disable scans based on your strategy.

2. Popular TradingView Indicator Adaptation

   • Integrates the highly-regarded Nadaraya Watson Envelope known for its accurate reversal signals and smoothed envelopes.
   • Captures strong trend continuation and potential market turning points through advanced smoothing.

3. Nadaraya Watson Envelope Settings

   • Length: Defines how many bars are used for the envelope calculation.
   • Bandwidth: Adjusts the sensitivity of the smoothing.
   • Multiplayer: Controls the distance between the upper and lower envelopes.
   • Colors and Width: Customize the envelope lines (default Lime for upper, Red for lower) and specify the line width to suit your chart aesthetics.
   • Arrow Codes and Colors: Personalize up/down arrows for reversal alerts.

4. Confluence Signal Alerts

   • Generate confluence alerts when multiple timeframes align with the same direction (bullish or bearish).
   • Improve confidence in trade setups by focusing on the strongest market signals.

5. Custom Alerts and Notifications

   • Stay updated on emerging signals via pop-ups, email, and push notifications.
   • Never miss critical market movements or potential reversal points.

6. Responsive Dashboard Design

   • Displays signals in a clear grid format, grouping symbols by base currency and timeframes as columns.
   • Automatically adjusts to your chart window size, ensuring an optimal user experience.

7. Additional Features

   • Logging: Toggle SHOW_LOGS to view troubleshooting data and confirm proper functionality.
   • Copyright Toggle: Decide whether to show or hide the tool’s copyright info.
   • Panel Customization: Adjust the panel’s dimensions, text scaling, and color scheme to your preference.

How It Works

The Nadaraya Watson Envelope Multicurrency Scanner Dashboard continuously analyzes your selected currency pairs and timeframes using the Nadaraya Watson Envelope formula. When the price interacts with or crosses the smoothed envelopes, the indicator identifies potential reversal signals. You can configure the Bandwidth, Length, and Multiplayer to suit either a more reactive approach (catching smaller swings) or a smoother, long-term perspective. Confluence alerts highlight when multiple timeframes confirm the same direction, marking them as high-probability opportunities.

Why Choose This Dashboard?

• Adaptation of a Popular TradingView Indicator
  Enjoy the proven effectiveness of the Nadaraya Watson Envelope, now available directly in your MT4/MT5 terminal.

• Accurate Reversal Signals
  Benefit from smoother trend lines and advanced smoothing calculations that help filter out market noise and spot true turning points.

• Time-Saving Automation
  A single dashboard consolidates all essential signals, saving you from manually checking each timeframe and pair.

• Customization for Any Strategy
  Fine-tune the scanning parameters to match scalping, swing trading, or long-term investing goals.

• Reliability & Community Trust
  Built on the core logic of an indicator already acclaimed by traders on TradingView.

Input Walkthrough

1. General Settings

   • pairsList1 : List the currency pairs you want to scan (e.g., EURUSD, GBPUSD, USDJPY).
   • SCAN_LAST_N_CANDLE : Number of candles to analyze for generating signals.
   • Panel Dimensions: Control panel height, width, and text size with PANEL_HEIGHT_PCT , PANEL_WIDTH_PCT , and PANEL_TEXT_PCT .
   • Colors: Define overbought, oversold, and neutral colors to visually distinguish signals.

2. Nadaraya Watson Envelope Settings

   • Length : Determines how many bars are used in the envelope calculation.
   • Bandwidth : Adjusts the smoothing sensitivity.
   • Multiplayer : Controls the envelope’s thickness around the price.
   • Arrow Codes & Colors: Customize arrow visuals for bullish/bearish reversal alerts.

3. Timeframe Signal Settings

   • Individual Timeframe: Enable or disable scanning for each timeframe (e.g., ENABLE_IND_1M, ENABLE_IND_5M).
   • Confluence Timeframe: Configure which timeframes must align for a confluence alert (e.g., ENABLE_1M, ENABLE_5M).

4. Alert Settings

   • ALLOW_ALERT : Enable or disable pop-up alerts in your MT4/MT5 terminal.
   • ALLOW_NOTIFICATION : Send push notifications to your smartphone via the MetaQuotes app.
   • ALLOW_EMAIL : Receive email notifications for newly detected reversal signals.

5. Show/Hide Additional Info

   • SHOW_LOGS : Toggle debug logs to verify performance.
   • SHOW_COPYRIGHT : Decide if you want the indicator’s copyright info displayed.

Conclusion

The Nadaraya Watson Envelope Multicurrency Scanner Dashboard brings the best of TradingView’s popular accurate reversal signals into MT4/MT5, offering a streamlined and highly customizable experience. With multi-timeframe confluence alerts, adjustable smoothing parameters, and real-time notifications, this dashboard ensures you never miss a critical market movement.