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Two Envelopes channels, based on one moving average with different deviation values, drawn as a cloud. The first channel is painted in a pale gray color, the top of the second channel, extending beyond the first channel, is painted in a pale green color, and the bottom of the second channel, also extending beyond the first channel, is painted in a pale pink color.
The indicator uses SmoothAlgorithms.mqh library classes (copy it to <terminal_data_folder>\MQL5\Include). The use of the classes was thoroughly described in the article "Averaging Price Series for Intermediate Calculations Without Using Additional Buffers".
Figure 1. The XEnvelopes2 Indicator
MetaQuotes Ltd에서 러시아어로 번역함.
원본 코드: https://www.mql5.com/ru/code/14750

The XEnvelopes with the timeframe selection option available in the input parameters.

The classic Envelopes indicator which uses the algorithms of universal averaging and fills the channel with a colored background.

The XEnvelopes2 indicator with the timeframe selection option available in input parameters.

Three Envelopes channels, based on one moving average with different deviation values, drawn as a cloud.