The Moving Average Envelopes Percentage indicator shows the price as a percentage of the Envelopes channel.
There are five inputs:
MAE = 100 * (Applied price - DN) / (UP - DN)
UP = MA * (1+Deviation / 100.0) DN = MA * (1-Deviation / 100.0) MA - MA(Applied price, Period)
Fig. 1. MAE
Fig. 2. MAE + Envelopes
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/21648
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