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2016.02.16 15:23

XEnvelopes_HTF - indicator for MetaTrader 5

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votes: 14

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

Figure 1. The XEnvelopes_HTF indicator

Translated from Russian by MetaQuotes Software Corp.
Original code:

XEnvelopes XEnvelopes

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

RJTX_Matches_Smoothed RJTX_Matches_Smoothed

The 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.

XEnvelopes2 XEnvelopes2

Two Envelopes channels, based on one moving average with different deviation values, drawn as a cloud.

XEnvelopes2_HTF XEnvelopes2_HTF

The XEnvelopes2 indicator with the timeframe selection option available in input parameters.