XEnvelopes3 Metatrader 5 Indicator is the 3 Envelopes channels, based on one moving average with different deviation values, drawn as a cloud. 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 top of the third channel, extending beyond the second channel, is painted in pale blue, and the third channel bottom, also extending beyond the second channel, is painted in bright pink.
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”.
XEnvelopes3 MT5 Indicator – Download Instructions
In order to transform accumulated history data, you need to install a MetaTrader 5
XEnvelopes3- 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 XEnvelopes3 indicator for MetaTrader 5.mq5?
Download indicator for MetaTrader 5.mq5Copy XEnvelopes3 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 XEnvelopes3 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 XEnvelopes3 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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