How to Add Moving Average Envelope Trading Indicator on MT4 Charts
Step 1: Open Navigator Window on Trading Platform
Open Navigator window as shown & displayed below: Go to "View" menu (click on it), then choose "Navigator" window panel (click), or From Standard ToolBar click "Navigator" button or press key-board short cut keys "Ctrl+N"
On Navigator window, select 'Indicators', (DoubleClick)
How Do I Add Moving Average Envelope Technical Indicator on MT4 - MT4 Moving Average Envelope Indicator
Step 2: Expand the Indicators Menu on the Navigator - Adding Moving Average Envelope MT4 Indicator
Expand the menu by clicking expand button marker (+) or double-click the "indicators" menu, after this the button will appear as (-) and will now display a list as shown below - select the Moving Average Envelope chart indicator from this list of trading indicators so as to add the Moving Average Envelope indicator to the chart.
How Do I Add Moving Average Envelope Trading Indicator - From the Above window you can then place Moving Average Envelope indicator that you as a trader want on the Forex chart
How to Add Custom Moving Average Envelope Trading Indicator to MT4
If the indicator you want to add is a custom indicator - for example if the Moving Average Envelope indicator you as a trader want to add is a custom indicator you will need to first add this custom Moving Average Envelope indicator on the MetaTrader 4 platform & then compile custom Moving Average Envelope indicator so that the newly added Moving Average Envelope custom indicator pops up on the list of custom indicators in MT4 platform.
To learn how to install Moving Average Envelope indicators on MT4, how to add Moving Average Envelope indicator window to MT4 and how to add Moving Average Envelope custom indicator in MT4 - How to add a custom Moving Average Envelope indicator on MT4.
About MA Envelope Technical Indicator Described
MA Envelope Analysis and Momentum Signals
The MA Envelope trading indicator creates two lines around the price forming a channel. The upper & lower channel lines are plotted at an equidistant level above & below the Moving Average. The distance to draw the envelopes is calculated using a percentage% or a number of pips.
Moving Average Envelope
Technical Analysis and Generating Signals
MA Envelope can be traded using several different rules. The main method of generating trading signals is to use the market price penetrating the upper channel or lower channel.
Bullish Signal
Price penetrating the upper channel is a long buy trade signal.
Buy Trading Signal
Bearish Signal
Price penetrating the lower channel is a short sell trade signal.
Sell Trading Signal
In a trending market the MA points upward in an uptrend market or downward in a down-trend market. It's good to use the envelopes together with other indicators such as trend lines so that to confirm the signals generated.
Study More Courses and Topics:
- MA MA Indicator Signal in Range Indices Market
- FX Currency Pairs Names & Symbols
- Nasdaq Stock Index Trading Strategy Tutorial
- What Happens When Your Free XAU USD Margin Runs Out?
- What Gold Traders Should Know Before Starting XAUUSD
- How Can I Place Bollinger Bands XAU USD Indicator in Chart on MetaTrader 4 Software?
- How Can I Trade Fibonacci Pullback Levels in MetaTrader 4 Software?
- Why Host Your Expert Advisor XAU/USD Bots with Your Broker Provided VPS
- How to Find GER 30 in MetaTrader 4 PC
- How to Use MetaTrader 5 Bollinger Bands Fibo Ratios Trading Indicator on MetaTrader 5 Platform
