Trend Envelopes Indicator

Trend Envelopes Indicator is simply the best Forex trend indicator that you may have ever experienced. Because of its simplest look, easiest method to read and astonishing effectiveness as a trend finder, it has taken its place at so many Forex traders’ charts even with their existing strategies for higher level of success rate.

Trend Envelopes Indicator can be  adjusted with all kind of Forex currency pairs and fits great with all sort of time frame charts. For its extremely easy manner of use, newbie trend following traders can get an extra advantage over professional market participants at the daily Forex trading market.

Trend Envelopes Indicator Overview

After the installation of Trend Envelopes Indicator at your Forex MT4 terminal when you load it, your trading chart will be appeared as the following image:

Trend Envelopes Indicator
Trend Envelopes Indicator

Trend Envelopes Indicator plots the trend signals with its dynamic moving average slopes. Price closing and holding above the level is considered as the bullish trend and identified as the buy time. In a contrary, a sell can be triggered if price closing below the Trend Envelop level confirming the presence of the bearish trend. You’ll find trend Envelopes level as white for bullish trend and green for the bearish trend for a better understanding for basic traders.

Trend following System: Heiken Ashi With CCI System

Trend Envelopes Indicator: Buy Parameters

Trend Envelopes Indicator Buying Parameters
Trend Envelopes Indicator Buying Parameters
  • Price closes above the Trend Envelopes and gets supported by its level
  • Trend Envelope turns white with a bullish candle formed above its level
  • Buy triggers when above conditions are met
  • Set stop loss limit below current the envelope level
  • Take profit whenever price breaks and closes below the envelope’s level

Trend Envelopes Indicator: Sell Parameters

Trend Envelopes Indicator Selling Parameters
Trend Envelopes Indicator Selling Parameters
  • Price closes below the Trend Envelopes and gets resisted by its level from going further up
  • Trend Envelope turns green with a bearish candle formed below its level
  • Sell triggers when above conditions are met
  • Set stop loss limit above the current envelope level
  • Take profit whenever price breaks and closes above the envelope’s level
Free Download Trend Envelopes Indicator
Free Download Trend Envelopes Indicator

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I have been actively trading stocks and currencies since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund which has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

3 thoughts on “Trend Envelopes Indicator”

  1. Hi, I’ve downloaded trend envelope indicator and copied to indicator folder in mt4 but can’t find it.
    Can you let me know how to install it properly please? Thanks

    Reply

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