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 и т. д., and Envelope deviation lowered.

Also available for MetaTrader 5:

• Киджун Сен + 1 Envelope
• Киджун Сен + 3 Конверты.

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

Комментарий: I first published - ЗДЕСЬ. Revised with price labels added.

Inputs and Parameters:

• Kijun_Sen_Period - 26;
• Envelope_Deviation - 4000;
• Envelope_Upper_Label_Color - LimeGreen;
• Kijun_Sen_Label_Color - ДоджерСиний;
• Envelope_Lower_Label_Color - Красный;
• Размер текста - 12;
• Make_Text_Bold - истинный;
• Move_Text_Right - 25;
• Show_Top_Envelope_Band - истинный;
• Show_Kijun_Sen - истинный;
• Show_Bottom_Envelope_Band - истинный;
• Show_Labels - истинный;