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Hi Guys (and gals!) I am quite new to the MT4 indicators and EAs and wondered if anybody could advise me. I want to have a line on my chart that is constantly 200 pips above the 800 sma and on that is always 200 pips below the 800 sma (similar to a MA). Is there a way to do this easily within MT4?
Thanks in advance
Crewey
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.
Hi Guys (and gals!) I am quite new to the MT4 indicators and EAs and wondered if anybody could advise me. I want to have a line on my chart that is constantly 200 pips above the 800 sma and on that is always 200 pips below the 800 sma (similar to a MA). Is there a way to do this easily within MT4?
Thanks in advance
Crewey
Set 800 SMA (drop it on chart). Go to Levels indicator tab and set one level to 200 and another to -200.
Indicator advice needed!
Linear Mode
