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Envelope Watson LuxAlgo MT5 version

Nadaraya-Watson Envelope Indicator convert to MT5

Nadaraya Watson Envelope Indicator is one of the monst popular indicator in TradingView.

TradingView(Chrome, Edge) eats a huge of CPU, so I convert this to MT5 version.


As you can see the screenshot, it's good with Schaff trend RSI Indicator (or others)

If you want to get Schaff trend RSI Indicator , Link: https://www.mql5.com/en/market/product/98011


Window Size - determines the window size for calculating smoothed values. A larger window size will increase smoothing and decrease the sensitivity of the indicator. [In TradingView Default value: 500, you can change the value]

Bandwidth - determines the bandwidth for calculating weight values. A larger bandwidth will increase smoothing and decrease the sensitivity of the indicator. [In TradingView Default value: 8, you can change the value]

Multiplier - multiplier for determining the width of the channel based on the average absolute error. [In TradingView Default value: 3, you can change the value]

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Schaff trend RSI indicator (It is related with EMA and RSI) It is suited for sub-Indicator to undertand trend(or direction change) As you can see the screenshot, it's good with Nagaraya-Watson Envelope Indicator (or others) I am using this indicator as Screenshot setting. (Schaff value is default value. 23, 50, 9, close) If you want to get Nagaraya-Watson Envelope, Link:  https://www.mql5.com/ko/market/product/97965
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