Auto Envelope
Auto Envelope is an indicator for MetaTrader 4 from the Old Kings collection. Its name points to moving-average envelopes. Its source code uses moving averages. It has 5 settings, for example mme periodo (default 26), mme2 periodo (default 13) and stdev periodo (default 60). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 1 indicator file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About Auto Envelope
Auto Envelope is an indicator for MetaTrader 4 based on Moving Average. It has 5 settings, such as Mme periodo, Mme2 periodo and Stdev periodo. MQL source code included.
Files in the download: AutoEnvelope.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Mme periodo | 26 | Slow MME |
| Mme2 periodo | 13 | Fast MME |
| Stdev periodo | 60 | Period standard seviation (60 recommended) |
| Band mme | 200 | Smoothing channel bands MME (200 recommended) |
| Hide | false | Show/hide |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Channels & Envelopes · Moving Average · MT4 Indicator · MQL4 Source Code