they are all moving averages based on fibos. 21, 55, and so on. will give u all the numbers if u like. there are no envelopes or channels used. the channels are created thru the the fibo lines.
on the right u see the grid and where are the fibo levels in each timeframe. the timeframes are from left to right:
1m, 5m, 15m, 1h.
example trade: Bounce trade /scalp with the aim of 10 to 20 pips
wait until price will reach the area where in 4 different timeframes are support or resistance levels (like a roadblock).
if price hits the roadblock go long or short and take the bounce of the fib lines for 10 to 20 pips.
some people prefer to use also a 1000 mov average in the 1m timeframe, if its above they only go long, if below they only go short. also some indicators are used sometimes in the 1min timeframe-like rsi.
here are some timelanes explained, u can also find more about setups and so on on u tube:
cant post links. please search u tube for fx money map and tiger time lanes (a lot of videos)
@ketano: Sorry for my late reply, I did not get any information that you had responded. If you wish me to be notified please use "@Fat Tails" instead of "@ fat tails".
I think I have understood, how the indicator is coded. It would be a multi-time frame indicator (or a tweaked indicator using a single time frame). However, to show the relative position of price with respect to the envelopes, a custom plot would have to be coded. This is something that takes a little more time.
I would be interested in this as well. I'd rather have this on NT7. very surprised there isn't one? thanks in advance to anyone that can help us out. I'm ultimately looking for plenty of grids that will show all time frames. Such as forexarmy.com version has all mt4 time frames but nt7 is better in regards to customized time frames. food for thought (y)