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Nadaraya Watson Envelop Alerts

4

The Nadaraya Watson Envelope is a technical indicator available in the MetaTrader 4 (MT4) platform. It uses a non-parametric method to estimate the underlying trend of a financial asset based on its past price movements.

The envelope is created by calculating a weighted average of the asset's past prices, with more recent prices being given greater weight. This produces a smooth curve that represents the estimated trend of the asset. The envelope is then drawn around this curve, with upper and lower bounds calculated based on a user-defined percentage of the estimated trend.

The MT4 version of the Nadaraya Watson Envelope includes alert, email, and notification features that can be customized by the user. These features can be set to trigger when the asset price approaches or crosses either the upper or lower bounds of the envelope, providing real-time updates on potential trend changes or market volatility.

Overall, the Nadaraya Watson Envelope can be a useful tool for traders looking to identify and track trends in financial markets, with the added benefit of customizable alerts and notifications to help inform their trading decisions.

Ea is also available for this indicator here 


Avis 2
lauro1956
4260
lauro1956 2023.10.28 17:32 
 

Solid and reliable indicator....

Vary the multiplier and seek your peace of mind

Well Mr. Banerjee

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lauro1956
4260
lauro1956 2023.10.28 17:32 
 

Solid and reliable indicator....

Vary the multiplier and seek your peace of mind

Well Mr. Banerjee

Clippon
105
Clippon 2023.10.06 21:13 
 

Well done indicator too bad it faces Repaint otherwise it would be a bomb !! However, the type of symbols you want to choose does not change, it always puts the Xs

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Version 3.0 2023.12.16
alert subject updated
Version 2.0 2023.04.09
alert mechanism corrected