UK Accounting Glossary
The Price Envelope study provides dynamic support and resistance lines.
The Price Envelope is calculated using a pair of lines which are a fixed percentage above and below an Exponential Moving Average of the closing price. Buy signals are issued when the price reaches its lower envelope line and sell signals are issued when the price reaches its upper envelope line. The Price Envelope requires two parameters: the number of periods over which to compute the moving average and the percentage to use for the envelope lines.
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This glossary post was last updated: 25th March 2020.