XEnvelopes Metatrader 5 Indicator is classic Envelopes indicator which uses the algorithms of universal averaging and fills the channel with a colored background.
The indicator uses SmoothAlgorithms.mqh library classes (copy it to MQL5Include). The use of the classes was thoroughly described in the article “Averaging Price Series for Intermediate Calculations Without Using Additional Buffers”.
XEnvelopes MT5 Indicator – Download Instructions
In order to transform accumulated history data, you need to install a MetaTrader 5
XEnvelopes – it is a MetaTrader 5 indicator that allows you to detect several changes and dynamics in price that many traders can’t estimate or see without an indicator, which highlights its essence and usage.
Accordingly, traders can draw conclusions and make estimates about how the prices will change based on the information they have and then they can modify their strategy for better trading.
How to install Xenvelopes indicator for MetaTrader 5.mq5?
Download indicator for MetaTrader 5.mq5Copy XEnvelopes to Directory / experts / indicators /
Start or restart your Metatrader 5 Client
Select Chart and Timeframe where you want to test your mt5 indicator
Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
Right click on Xenvelopes for MetaTrader 5.mq5
Attach to a chart
Modify settings or press ok
now indicator for MetaTrader 5.mq5 is available on your Chart
How to remove XEnvelopes Indicator for MetaTrader 5.mq5 from your Metatrader 5 Chart?
Select the Chart where is the Indicator running in your Metatrader 5 ClientRight click into the Chart
“Indicators list”
Select the Indicator and delete.
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