Trend Envelopes indicator is calculated based on a % of price change. That % is then used to determine if there is a new trend or trend remains the same.
This version is using ATR for the price change calculation instead and is adding prices smoothing prior to be used in calculations. The smoothing can be done using one of the 4 averages types:
- Simple Moving Average
- Exponential Moving Average
- Smoothed Moving Average
- Linear Weighted Moving Average
MT5 Indicators – Download Instructions
ATR Trend Envelopes of Averages MT5 Indicator is a Metatrader 5 (MT5) indicator and the essence of this technical indicator is to transform the accumulated history data.
ATR Trend Envelopes of Averages MT5 Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly. Click here for MT5 Strategies
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How to install ATR Trend Envelopes of Averages MT5 Indicator.mq5 to your MetaTrader 5 Chart?
- Download ATR Trend Envelopes of Averages MT5 Indicator.mq5
- Copy ATR Trend Envelopes of Averages MT5 Indicator.mq5 to your Metatrader 5 Directory / experts / indicators /
- Start or restart your Metatrader 5 Client
- Select Chart and Timeframe where you want to test your mt5 indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
- Right click on ATR Trend Envelopes of Averages MT5 Indicator.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator ATR Trend Envelopes of Averages MT5 Indicator.mq4 is available on your Chart
How to remove ATR Trend Envelopes of Averages MT5 Indicator.mq5 from your Metatrader 5 Chart?
- Select the Chart where is the Indicator running in your Metatrader 5 Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
ATR Trend Envelopes of Averages MT5 Indicator (Free Download)
Click here below to download: