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Envelopes

A moving average with a fixed percentage band above and below.

Simple and predictable: the band is always the same % away, unlike Bollinger (deviation) or Keltner (ATR).

Useful when you want 'x% above its average' as a rule without volatility changing the distance.

In TradeXtool

Entry: Price close is above Envelopes(20, 2.5) upper.

Watch out

A fixed % is too wide in calm markets and too narrow in wild ones.

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