Nolte’s Envelope creates an envelope with a dynamic deviation that adjusts according to trend strength. It uses a moving average of the candle highs to determine the trend for the upper envelope level and a moving average of the candle lows to determine the trend for the lower envelope level.
While the markets are trending the upper and lower envelope levels combine to create a single HL/2 (median price) moving average. As the high moving average begins to flatten the upper envelope level begins to expand upwards and as the low moving average begins to flatten the lower envelope level begins to expand lower. Note that the high and low moving averages are for reference only and are not seen on the chart.
The following are inputs available in the application:
The application displayed on this page does not take in to consideration your individual personal circumstances and trading objectives. Therefore it should not be considered as a personal recommendation or investment advice. Past performance is not indicative of future results. There is no guarantee that the systems, trading techniques, trading methods, and/or indicators will result in profits or not result in losses.
This indicator is only compatible with FXCM MetaTrader 4 software. Additionally, an FXCM account is required (including free FXCM demo accounts).
There is no guarantee that the systems, trading techniques, trading methods, indicators will result in profits or not result in losses.
Forex Capital Markets, LLC. (“FXCM LLC”) is an independent legal entity and is not affiliated with John Nolte. John Nolte is not an employee, agent or partner of FXCM LLC.
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