EMAHLC_Envelope - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Indicator EMA HLC envelope. The indicator shows an exponential moving average calculated at closing prices, with two envelopes - top and bottom EMA calculated as the highest and lowest price respectively, and a signal indicator showing a price breakout of the envelope.
The indicator has an adjustable parameter:
If the closing price of the candle breaks above the upper envelope line, the blue signal pointer will be placed on the highest price of the candle.
If the candle's closing price breaks the lower limit, the red signal pointer will be placed on the candle's lowest price.
Attachment download
📎 emahlc_envelope.mq5 (11.98 KB)
Source: MQL5 #22721
EMAHLC_Envelope - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
EMAHLC_Envelope - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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