envelopes beginner tutorial by william210
Info
The envelopes beginner tutorial by william210 is a Indicator for MetaTrader 5 that my apologies, this code is no longer available and i don't know how to remove/hide it from codebase.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use envelopes beginner tutorial by william210
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
my apologies, this code is no longer available and i don't know how to remove/hide it from codebase.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Double Envelopes Historical Gauged - another powerful indicator for MetaTrader 5 traders.
my apologies, this code is no longer available and i don't know how to remove/hide it from codebase
Also recommended: envelopes technical indicator - similar indicator with strong performance on MetaTrader 5.
Source Code
яю//+------------------------------------------------------------------+
#property copyright "RobotFX"
#property version "1.01" // 949
#property description "Educational code - RobotFX www.robotfx.org"
input int g_period = 14; // Period of moving average
input int g__shift = 0; // Shift
input ENUM_MA_METHOD g__method = MODE_SMA; // Type of smoothing
input ENUM_APPLIED_PRICE g_applied_price = PRICE_CLOSE; // Type of price
input double g_deviation = 0.1; // deviation of borders from the moving average
#property indicator_chart_window.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.