Bands LSMA
The Bands LSMA indicator is a useful and popular free Forex indicator for MT4. The indicator plots two bands on the chart, one above and one below the price. The upper band indicates a possible entry point for a buy position, while the lower band indicates a possible entry point for a sell position. It is easy to use and it is free, making it a popular choice among Forex traders.
Envelope indicators, also known as Channel Indicators, create an envelope around price movements, indicating the upper and lower boundaries within which prices are expected to move. They help traders identify potential trend reversals and support/resistance levels.
