MQL5 ReferenceStandard LibraryStrategy ModulesModules of Trade SignalsSignals of the Indicator Envelopes

Signals of the Indicator Envelopes

This module of signals is based on the market models of the indicator Envelopes. The mechanism of making trade decisions based on signals obtained from the modules is described in a separate section.

Conditions of Generation of Signals

Below you can find the description of conditions when the module passes a signal to an Expert Advisor.

Signal Type	Description of Conditions
For buying	The price is near the lower line of the indicator at the analyzed bar. The price crossed the upper line of the indicator at the analyzed bar.
For selling	The price is near the upper line of the indicator at the analyzed bar. The price crossed the lower line of the indicator at the analyzed bar.
No objections to buying	No signals.
No objections to selling	No signals.

Note

Depending on the mode of operation of an Expert Advisor ("Every tick" or "Open prices only") an analyzed bar is either the current bar (with index 0), or the last formed bar (with index 1).

Adjustable Parameters

This module has the following adjustable parameters:

Parameter	Description
Weight	Weight of signal of the module in the interval 0 to 1.
PeriodMA	Period of calculation of the indicator.
Shift	Shift of the indicator along the time axis (in bars).
Method	Method of averaging.
Applied	A price series used for calculation of the indicator.
Deviation	Deviation of the envelope borders from the center line (MA) in percentage terms.

Signals of the Indicator Double Exponential Moving Average

Signals of the Indicator Fractal Adaptive Moving Average