This indicator draws: 1 Kijun Sen + 1 Envelope + 3 Price Labels.
The Kijun Sen, Envelope and Price Labels can be shown/hidden as required.
Envelopes can be used to identify:
Overbought price levels;
Oversold price levels;
Take Profit levels;
Stop Loss Levels.
Lower timeframes will require higher Kijun Sen periond and lower Envelope deviation, higher timeframes lower Kijun Sen period and higher Envelope deviation. Adjust according to user preference.
Note: Kijun Sen functions well in trending markets. Be aware of chop during ranging markets.
Also available for MetaTrader 5:
Kijun Sen + 1 Envelope
Kijun Sen + 3 Envelopes.
Image: Kijun Period = 26, Envelope Deviation = 4000, Timeframe = Daily
1. Copy “Kijun Sen and Envelope.mq4” file to C:/Program Files/MetaTrader4/experts/indicators folder
and restart your MetaTrader.
2. Open Navigator/Custom Indicators panel and drag the indicator named “Kijun Sen and Envelope.mq4” to the
chart of any currency pair.
Click to Download: Kijun_Sen_and_Envelope.zip
Forex Buy and Sell Indicator is better and safe strategy Indicator for Forex trading.
Its very important to understand forex news and market movement.
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