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Re: Trend Indicators for MT4

mrtools, Mon Dec 07, 2020 6:04 am

Outclear wrote:Sun Dec 06, 2020 5:47 pm

Thank you Mr Tools for adding MTF to the indicator, I appreciate the hard work,

However for the second request, I wanted arrows NOT when there is a crossover BUT when price bounces back and touches or moves out of the boundary/envelope whilst the middle band is RED or GREEN for SELL or BUY respectively.

I have attached two images illustrating exactly what I want.

I have been using deviation of the indicator set to 1.5 and price has been pulling back and bouncing off the envelope nicely and frequently giving some nice signals.

Hope I explained it a little bit better now ....Thank you for the work you going to put in this work.
Try, hopefully it will be closer to what you need.

PS: If you would like to download the template used on our Daily Downloads with the indicator, see here: Elder Auto Envelopes indicator settings template for MT4.
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