Job Description
The indicator is based on the Envelopes indicator. When a bullish candle crosses the upper line from the bottom up, an up signal appears, when a bearish candle crosses the lower line from the top down, a down signal appears. There is a function for instant calculation of estimated profit in points, for quick determination of profitable indicator settings.
Features of the work
The indicator works on the instrument and on the timeframe on which it is installed. The indicator works on closed candles.
Indicator Settings
- The settings of the Envelopes indicator are the same as in MT4;
- Search period type - you can choose one type of search: by candles or by date;
- History depth - depth of history to search for signals, 0 - searches on the full history, candles;
- Search start date - the date from which the search for signals begins;
- Allow to use alert - when a signal appears, a dialog window appears in the terminal;
- Allow the use of sending messages to the mail - when a signal appears, the program sends a message to the mail;
- Allow the use of sending push notifications - when a signal appears, the program sends a push notification to the phone;
- Indent for the up arrow - indent down from the Low price of a closed candle to display the up arrow, points;
- Indent for the down arrow - indent up from the High price of a closed candle to display the down arrow, points;
- Get estimated profit data - the function of quick calculation of the estimated profit / loss in points for all the signals found, to determine the profitability of the settings;
- StopLoss - distance to loss limit, points;
- TakeProfit - distance to profit taking, points.
This version is not final, the indicator will expand its functionality.
For questions about the operation of the indicator, please contact us via personal messages at the link .
The version for MT5 is at the link .
