Summary of 🚨Envelopes Indicator for MetaTrader 4/5 📥Download - Free - [TradingFinder]

The video presents a detailed tutorial on using the Envelopes Indicator for MetaTrader 4 and 5, available for free download from the TradingFinder website. The indicator helps traders identify price trends and potential entry points by displaying two bands around a Moving Average, which act as dynamic support and resistance levels.

Main Financial Strategies and Market Analysis:

The Envelopes Indicator creates a channel with two lines: an upper band (Moving Average plus deviation) and a lower band (Moving Average minus deviation).
Buy signals occur when the price breaks above the upper band and then pulls back, indicating an uptrend.
Sell signals occur when the price breaks below the lower band and then pulls back, indicating a downtrend.
Increasing the deviation makes the indicator behave similarly to Bollinger Bands, with price fluctuating within the bands.
Traders are advised to trade in the direction of the prevailing price trend, using the indicator as a guide for entry points.

Step-by-Step Guide to Using the Envelopes Indicator:

Download the indicator file for MetaTrader 4 or 5 from the TradingFinder website.
Load the indicator onto the chart via the Navigator panel.
Enable "Allow DLL Imports" in the indicator settings under the "Common" tab and confirm.
Customize display settings by selecting a theme: Light, Dark, or Custom (retains your chart template).
Adjust indicator parameters under the input section:
- Moving Average Period (default 14, adjustable)
- Shift Period (to move bands forward or backward)
- Moving Average Type: Simple (default), Exponential, Smooth, or Linear Weighted
- Price type for calculation: Close (default), Open, High, Low, etc.
- Deviation (division factor of 10), typically between 0.5 and 1, adjustable based on asset/timeframe
Example customization: Set theme to Dark, Moving Average period to 21, type to Exponential, and deviation coefficient to 3 to create a Bollinger Bands-like effect.
Observe how price reacts to bands: price tends to reverse when touching upper or lower bands.
Use the indicator as a tool to confirm trend direction and timing for trades.

Business Trend:

The video promotes free availability of advanced trading tools to retail traders.
Emphasizes customization to fit different trading styles and assets.
Encourages community feedback for continuous improvement.

Presenter/Source:

The tutorial is provided by TradingFinder.

Notable Quotes

— 00:48 — « The envelopes indicator is like a moving average but has two lines or a range between them. »

— 01:31 — « Increasing the deviation makes it like Bollinger Bands where the price fluctuates inside. »

— 04:00 — « When the price touches the upper band it moves downward and when it touches the lower band it moves upward. »

— 04:38 — « Always look for trades and use trading tools in the direction of the price movement. »