Forex Envelopes Grid MT4 Indicator

Forex Envelopes Grid MT4 Indicator:

About the Forex Envelopes Grid MT4 Indicator

It’s a simple but useful tool for creating a grid based on Envelopes.

Only 2 parameters can be set:

1) “Period” – the period of all visible Envelopes (i.e. 4) and 1 Moving Average (Envelopes axis),

2) “Deviations Distance” – the distance between Envelopes.

Naturally, the colors of all 9 lines can be changed as desired.

It works with everything that is available in your Market Watch.

Test results:

Forex Envelopes Grid MT4 Indicator

Copy and paste the file into the MQL4 Indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

Other forex trading Expert Advisors

Leave a Comment