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Indicator advice needed!
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05-08-2009, 02:04 AM
finimej
Senior Member
Join Date: Dec 2008
Posts: 132
you use the standard envelop indicator that comes with MT4.
set period to 800, sma, then you experiment with the derivation, try fibonacci digits, e.g. 0.318, 0.5, 0.214.. until you get the distance around your 200pips. This is the easiest way.
finimej
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