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Published:
2016.02.16 15:22
Updated:
2016.11.22 07:32
\MQL5\Include\

The classic Envelopes indicator which uses the algorithms of universal averaging and fills the channel with a colored background.

The indicator uses SmoothAlgorithms.mqh library classes (copy it to <terminal_data_folder>\MQL5\Include). The use of the classes was thoroughly described in the article "Averaging Price Series for Intermediate Calculations Without Using Additional Buffers".

Figure 1. The XEnvelopes indicator

Figure 1. The XEnvelopes indicator

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/14742

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