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Noltes Envelope

Nolte's Envelope is an envelope with a dynamic deviation that adjusts according to the trend strength. It helps to filter between ranging and trending markets. While the markets are trending, the upper and lower envelope levels combine to create a single median moving average (HL/2). As the trend begins to weaken, the upper envelope level begins to expand upwards and the lower envelope level begins to expand lower.

Some of the characteristics include:

  • Quick exit from losing trades.
  • Follows the trend for greater profits.
  • Reduces false signals in ranging markets.

The following are inputs available in the application:

  • Deviation – set the maximum deviation.
  • STP – adjust the sensitivity to the trend.
  • Power – change the envelopes rate of expansion.
  • MA Periods – set the period for the moving average.
  • MA Method – set the method for the moving average (0=simple, 1=exponential, 2=smoothed, 3=weighted).
  • Shift – shift indicator forward.
Berk Turker
Berk Turker 2017.02.07 16:31 

Vey Good indicator, Good Job.

Sham222 2015.05.07 10:16 

Its a very good indicator. I would definitely recommend, well worth the money.

Version 1.31 2016.07.06
Version 1.31 draws the upper and lower buffers on top of the histogram shading instead of the other way around.
Version 1.3 2015.11.25
Added the second alert: If envelope expands from high=low or if envelope narrows to high=low.
Version 1.2 2015.07.31
Version 1.2 allows you to change the background color within the envelope.
Version 1.1 2015.05.15
Version 1.1 includes sound, popup box and email alerts.