Nolte’s Envelope-an envelope with a dynamic deviation that adjusts to the strength of the trend. The product allows you to filter flat and trending market conditions. During trend periods, the upper and lower levels of the envelope form a single central moving average (HL/2). As the trend weakens, the upper border of the envelope begins to expand up, and the lower one-down.

There is also a function for sending alerts when the price crosses the upper / lower levels of the envelopes up/down. Alerts are also served when the upper and lower levels of envelopes expand or contract.

Some features:

• Quick exit from unprofitable trades.
• Follow the trend.
• Reducing the number of false signals when flat.

Parameters:

• Deviation – the maximum deviation.
• STP-trend sensitivity.
• Power – the rate of expansion of the envelope boundaries.
• MA Periods – the period of the moving average.
• MA Method – Moving average method (0=simple, 1=exponential, 2=smoothed, 3=weighted).
• Shift – forward shift of the indicator.

Notification Parameters:

• Alert On – enable / disable the use of alerts.
• Alert Email – enable / disable email notifications.
• Alert Sound File-select the sound file to play.
• Buy Message – the message text for buy signals.
• Sell Message – the text of the message for sell signals.
• Email Subject – the subject of the message for the received messages.