Envelopes Strategy

Expand / Collapse
 

Envelopes Strategy


  Usage of the Envelopes Indicator

 

The Envelopes indicator consists of two Moving Averages, one dislodged up, and the other one dislodged down. This indicator defines the range of the normal price behavior. The usage of the Envelopes is based on the fact that when the price leaves the normal range, it is very likely to return back to it.

In a strategy, the simplest way to use the Stochastic indicator, is to open a buy position if the price rises above the Bottom Line, and open a sell position if the price falls below the Top Line.





Rate this Download:

Download File


Env_Strategy.act Env_Strategy.act (2.67 KB, 1,197 views)


Comment require login or registration.

Details
Type: SCRIPT

Article has been viewed 4,947 times.

Options