How to Set Moving Average Envelope Indicator on MT4 Charts
Step 1: Open the Navigator Window on Trading Platform
Open Navigator window just as shown & displayed below: Go to the "View" menu (click on it), then select/choose the "Navigator" panel window (click), or From Standard Tool Bar click "Navigator" button or press key board shortcut 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 this menu by clicking the protract tool marker feature '+' or double click the "indicators" menu, & after that this particular given button will be shown as (-) & will now display a list just as shown below - select the Moving Average Envelope chart indicator from this list of 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 as a trader can then place Moving Average Envelope indicator that you as a trader want on the Forex chart
How to Set 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 the trader want to add is a custom indicator you'll need to first add this custom Moving Average Envelope indicator on the MetaTrader 4 software & then compile the custom Moving Average(MA) Envelope indicator so that the newly added Moving Average Envelope custom indicator pops up on the list of custom indicators in MT4 software.
To learn and know how to install Moving Average Envelope indicators on the 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 in the 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 Moving Average envelopes is calculated using a % or a number of pips.
Moving Average Envelope
Technical Analysis and Generating Signals
MA Envelope can be transacted using several different rules. The main method of generating trading signals is to use the price testing/penetrating the upper channel or lower channel.
Bullish Signal
Price penetrating the upper channel is a long buy signal.
Buy Signal
Bearish Signal
Price penetrating the lower channel is a short sell trade signal.
Sell Trade 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 like trend lines so that to confirm the trading signals generated.
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