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XEnvelopes_HTF - indicator for MetaTrader 5
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- 2929
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- Published:
- 2016.02.16 15:23
- Updated:
- 2023.03.29 13:46
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The XEnvelopes with the timeframe selection option available in the input parameters:
input ENUM_TIMEFRAMES TimeFrame=PERIOD_H4; // Indicator chart period (timeframe)
The indicator requires XEnvelopes.mq5 indicator file. Place it in <terminal_data_folder>\MQL5\Indicators.
Figure 1. The XEnvelopes_HTF indicator
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/14743
The classic Envelopes indicator which uses the algorithms of universal averaging and fills the channel with a colored background.
RJTX_Matches_SmoothedThe indicator helps to determine the beginning and end of trends on the basis of the slope of the "matches" lines and the color of their heads. Each match represents a line between the smoothed open price of a bar and the smoothed close price of the next one.
Two Envelopes channels, based on one moving average with different deviation values, drawn as a cloud.
XEnvelopes2_HTFThe XEnvelopes2 indicator with the timeframe selection option available in input parameters.