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Nadaraya Watson Envelope Lux Pro

99.99 USD

Author debarred from selling products

Demo downloaded: 125

Published: 13 April 2023

Current version: 3.0

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Nadaraya Watson Envelope Lux Pro

Indicators
Samandar Huseynov
Version: 3.0
Updated: 18 April 2023
Activations: 20

Nadaraya-Watson Envelope Lux PRO

// indicators
Nadaraya Watson Envelope Lux Indicator MT5 - https://www.mql5.com/en/market/product/96969?source=Site+Profile
Nadaraya Watson Envelope Lux Indicator MT4 - https://www.mql5.com/en/market/product/96967?source=Site+Profile

// EA
Nadaraya Watson Envelope Lux EA For MT5 - https://www.mql5.com/en/market/product/97699?source=Site+Profile
Nadaraya Watson Envelope Lux EA For MT4 - https://www.mql5.com/en/market/product/97702?source=Site+Profile

Description:

Nadaraya-Watson Envelope Lux is a volatility indicator based on the Nadaraya-Watson method, which is a non-parametric smoothing method for estimating values. The indicator is adapted from the original Pine script and designed for use on the MetaTrader 4 platform.

Key features:

Calculation of the upper and lower channel boundaries that take into account market volatility. Visual display of the channel on the chart. Uses the non-parametric Nadaraya-Watson method for smoothing values. Settings:

Window Size - determines the window size for calculating smoothed values. A larger window size will increase smoothing and decrease the sensitivity of the indicator. Default value: 800.

Bandwidth - determines the bandwidth for calculating weight values. A larger bandwidth will increase smoothing and decrease the sensitivity of the indicator. Default value: 8.

Multiplier - multiplier for determining the width of the channel based on the average absolute error. Default value: 3.

Colors:

Upper channel boundary: green color (clrLimeGreen). Lower channel boundary: red color (clrRed). Usage:

Nadaraya-Watson Envelope Lux PRO can be used to determine market volatility and predict possible reversals or price movements. The upper and lower channel boundaries can serve as support and resistance levels, as well as help determine overbought or oversold market conditions.

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Version 3.0 2023.04.18

Fix Bugs