XEnvelopes

The 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 <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 XEnvelopes indicator … Read more