The Kijun Sen Envelope Indicator is a popular and free forex indicator for MT4 (MetaTrader 4) platforms. It is a useful tool for traders who want to identify potential trend reversals and gauge market momentum. The indicator is composed of two lines, one representing the highest high over a given period of time and the other the lowest low. When the lines of the Kijun Sen Envelope Indicator move closer together, it indicates that the market is becoming more volatile, and when they move farther apart, it indicates that the market is becoming less volatile. The Kijun Sen Envelope Indicator is easy to use and understand. To use the indicator, traders simply plot the two lines on their chart and watch for the lines to cross. When the lines cross, it indicates that the market is about to reverse direction. Traders can use this signal to enter or exit a trade. Additionally, traders can use the indicator to set their stop loss and take profit levels. Overall, the Kijun Sen Envelope Indicator is a useful and popular forex indicator for MT4 platforms.
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