Noltes Envelope

Nolte’s Envelope is an envelope with a dynamic deviation that adjusts according to the trend strength. It helps to filter between ranging and trending markets.

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While the markets are trending, the upper and lower envelope levels combine to create a single median moving average (HL/2). As the trend begins to weaken, the upper envelope level begins to expand upwards and the lower envelope level begins to expand lower.

Some of the characteristics include:

  • Quick exit from losing trades.
  • Follows the trend for greater profits.
  • Reduces false signals in ranging markets.

The following are inputs available in the application:

Deviation – set the maximum deviation.
STP – adjust the sensitivity to the trend.
Power – change the envelopes rate of expansion.
MA Periods – set the period for the moving average.
MA Method – set the method for the moving average (0=simple, 1=exponential, 2=smoothed, 3=weighted).
Shift – shift indicator forward.

Noltes Envelope is available for the following trading platforms:
TradeStation >>> https://tradestation.tradingappstore.com/products/NoltesEnvelope
MetaTrader4 >>> https://www.mql5.com/en/market/product/7563
FXCM Trading Station 2 >>> https://www.fxcmapps.com/apps/noltes-envelope-2/

More screenshots:

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Noltes Envelope is available for the following trading platforms:
TradeStation >>> https://tradestation.tradingappstore.com/products/NoltesEnvelope
MetaTrader4 >>> https://www.mql5.com/en/market/product/7563
FXCM Trading Station 2 >>> https://www.fxcmapps.com/apps/noltes-envelope-2/