Forex True Range Envelopes Indicator
Forex True Range Envelopes Indicator is an indicator for MetaTrader 4 from the Old Kings collection. As the name suggests, the idea behind it is moving-average envelopes. Its source code uses moving averages and ATR. It has 6 settings, for example MA Period (default 14), MA Shift (default 0) and MA Method (default 0). Load it on a demo chart and check whether its signals repaint before trusting them. 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 Forex True Range Envelopes Indicator
Forex True Range Envelopes Indicator is an indicator for MetaTrader 4 based on Moving Average and ATR. It has 6 settings, such as Ma period, Ma shift and Ma method. MQL source code included.
Files in the download: installation manual.txt, True_Range_Envelopes.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Ma period | 14 | Period or timeframe used by the calculation |
| Ma shift | 0 | Bar shift (0 = current bar) |
| Ma method | 0 | |
| Applied price | 0 | |
| Period ma | 5 | Number of bars in the calculation |
| Mode ma | 3 |
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 · ATR · MT4 Indicator · MQL4 Source Code