Kijun-sen + Envelope

Envelopes can be used to identify:

• Price ranging;
• Overbought price levels;
• Oversold price levels;
• Take Profit levels;
• Stop Loss Levels.

The Kijun Sen traditional default period of 26 is optimized for the daily timeframe. Lower timeframes require appropriate parameter adjustments.

For lower timeframes the Kijun Sen period can to be increased to 34, 52, 78 ens., and Envelope deviation lowered.

Also available for MetaTrader 5:

• Kijun Sen + 1 Envelope
• Kijun Sen + 3 Koeverte.

EURUSD: Kijun Period = 26, Envelope Deviation = 3.000, Red Line = 14 EMA, Timeframe = Daily

Lewer kommentaar: I first published - HERE. Revised with price labels added.

Inputs and Parameters:

• Kijun_Sen_Period - 26;
• Envelope_Deviation - 4000;
• Envelope_Upper_Label_Color - LimeGreen;
• Kijun_Sen_Label_Color - DodgerBlue;
• Envelope_Lower_Label_Color - Rooi;
• Text_Size - 12;
• Make_Text_Bold - waar;
• Move_Text_Right - 25;
• Show_Top_Envelope_Band - waar;
• Show_Kijun_Sen - waar;
• Show_Bottom_Envelope_Band - waar;
• Show_Labels - waar;