Moving Average Envelopes tfmt4

Indicator Moving Average Envelopes using a percentage of the simple moving average for the construction of the envelope above and below the moving average. Using the average values ​​of the moving average, the percentage of the selected input value is multiplied by the value MA for constructing the upper and lower envelopes. Since moving average values ​​differ across markets and currency pairs, you must manually adjust the selected percentage for each graphic. If you do not see the envelope in the chart, change the percentage to a lower value until you see envelopes.

Typically uses cost breakdown of the envelope, as this could mean the beginning of a trend.

You can change the moving average and the percentage of the moving average. The screenshot shown percent input value of 1.25%, which is specified as 1.25 in the graph EUR / USD. Input parameters:

• Periods: the number of bars to be used in a simple sliding on the basis of closing prices.


• Percent: percentage for multiplying the value of the moving average for the construction of the envelopes.