Moving Average Envelopes consist of three lines: a middle line based on selected moving average,
and upper and lower band lines based on specific percentage of the average line.
Moving Average Envelopes can be used to follow trends, as well as to identify overbought and oversold levels.
Moving Average Envelopes consist of three lines: a middle line based on selected moving average, and upper and lower band lines based on specific percentage of the average line. Moving Average Envelopes can be used to follow trends, as well as to identify overbought and oversold levels.