Forex Envelopes Dynamic Moving Average Indicator
This Old Kings indicator for MetaTrader 4 is called Forex Envelopes Dynamic Moving Average Indicator. Its name points to moving-average envelopes and moving averages. In the code it works with moving averages and ATR. It has 5 settings, for example MAPeriod (default 24), MAMethod (default 0) and MAPrice Type (default 0). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 2 indicator files 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 Forex Envelopes Dynamic Moving Average Indicator
Forex Envelopes Dynamic Moving Average Indicator is an indicator for MetaTrader 4 based on Moving Average and ATR. It has 5 settings, such as Ma period, Ma method and Ma price type. MQL source code included.
Files in the download: installation manual.txt, Moving Average Dynamic Envelope.ex4, Moving Average Dynamic Envelope.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Ma period | 24 | Period or timeframe used by the calculation |
| Ma method | 0 | |
| Ma price type | 0 | |
| Atr period | 20 | Period or timeframe used by the calculation |
| Atr multiple | 2 | How much the lot size grows after a loss |
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: Moving Average · Channels & Envelopes · ATR · MT4 Indicator · MQL4 Source Code