Watch how to download trading robots for free

Find us on Facebook!
Join our fan page

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

Views:

5382

Rating:

(17)

Published:

2018.10.25 18:35

Auto_Envelope.mq5 (18.64 KB) view

Download as ZIP, How to download code from MetaEditor

Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

Auto Envelope is an envelope indicator that automatically changes the channel size calculating the standard deviation for the last 100 bars. It is designed to change the value no more than once a week, which makes it suitable even for intraday data.

It has four inputs:

MA period - moving average calculation period
MA method - moving average calculation method
Deviation factor - standard deviation ratio
Deviation period - standard deviation calculation period

Calculation:

Central = MA
Top = Central + Channel / 2.0
Bottom = Central - Channel / 2.0

where:

Channel = StdDev * Deviation factor * Central / 10.0
StdDev - StdDev(Raw, Deviation period)
Raw = 2.0 * Max(Abs(High-MA), Abs(Low-MA)) / MA
MA - MA(Close, MA period, MA method)

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/22184

OBOS

OBOS indicator

CCI_OBOS_Crossover

CCI OBOS Crossover indicator

Aroon_Filter

Aroon Filter indicator

Aroon_Horn

Aroon Horn indicator

Auto_Envelope - indicator for MetaTrader 5