XEnvelopes2 Metatrader 5 Indicator with 2 Envelopes channels, based on one moving average with different deviation values, drawn as a cloud. Channel number one is painted in a pale gray color, the top of the second channel, extending beyond the first channel, is colored in  green color, and bottom of the second channel, also extending beyond the first channel, is painted in a pale pink color.

XEnvelopes2 indicator using SmoothAlgorithms.mqh library classes (copy it to \MQL5\Include). The use of the classes was thoroughly described in the article “Averaging Price Series for Intermediate Calculations Without Using Additional Buffers”.

XEnvelopes2 MT5 Indicator – Download Instructions

In order to transform accumulated history data, you need to install a MetaTrader 5

XEnvelopes2 - it is a MetaTrader 5 indicator that allows you to detect several changes and dynamics in price that many traders can’t estimate or see without an indicator, which highlights its essence and usage.

Accordingly, traders can draw conclusions and make estimates about how the prices will change based on the information they have and then they can modify their strategy for better trading.

How to install XEnvelopes2 indicator for MetaTrader 5.mq5?

Download indicator for MetaTrader 5.mq5
Copy XEnvelopes2 to Directory / experts / indicators /
Start or restart your Metatrader 5 Client
Select Chart and Timeframe where you want to test your mt5 indicator
Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
Right click on XEnvelopes2 for MetaTrader 5.mq5
Attach to a chart
Modify settings or press ok
now indicator for MetaTrader 5.mq5 is available on your Chart

How to remove XEnvelopes2 Indicator for MetaTrader 5.mq5 from your Metatrader 5 Chart?

Select the Chart where is the Indicator running in your Metatrader 5 Client
Right click into the Chart
“Indicators list”
Select the Indicator and delete.

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Download XEnvelopes2 Metatrader 5 Forex Indicator