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TMA with Envelopes

The trend indicator TMA with Envelopes MT4 follows the trend and marks price reversal points by adding arrows on the specified bar.

The indicator generates signals a little ahead sometimes. This provides a bit of time to analyze the market situation and to make a decision.

Indicator Parameters

  • Env_Period - period of Envelopes
  • Env_Shift - shift of Envelopes
  • Env_Method - Envelopes calculation method
  • Env_Price - price applied for the Envelopes calculation
  • Env_Deviation - percent deviation from the main Envelopes lineх
  • TMA_Period - TMA period
  • TMA_Price - price applied for TMA calculation
  • CrossBar - signal bar

I hope you enjoy this indicator.

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