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Kijun-sen + Envelope

by Dr.Hamdi Boukamcha
Name:
Kijun-sen + Envelope
Author: file45 (2013.06.10 11:55)
Downloaded: 8
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Kijun-sen + Envelope   0 – Kijun-Sen + Envelopes – rev1.mq4 (4.5 Kb) View
This indicator draws: 1 Kijun Sen + 1 Envelope + 3 Price Labels.The Kijun Sen, Envelope and Labels can be hidden as required.

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 etc., and Envelope deviation lowered.

Also available for MetaTrader 5:

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

Kijun-sen + Envelope

 

Comment: 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 – Red;
  • Text_Size – 12;
  • Make_Text_Bold – true;
  • Move_Text_Right – 25;
  • Show_Top_Envelope_Band – true;
  • Show_Kijun_Sen – true;
  • Show_Bottom_Envelope_Band – true;
  • Show_Labels – true;

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