Envelop - Multi Type displays an upper envelope above a basis line and a lower envelope below the basis line. The basis line is a type of moving average, The envelopes are set a percentage away from the basis line.
A. Basis Line's Type
1. Gaussian Filter script by Alex Orekhov (everget)
2. SMA
3. EMA
4. TEMA
5. WMA
6. VWMA
7. DONCHIAN
8. Hull MA
9. ALMA
B. Default Percent of Envelop
1. Resolution (Time frame) <= 5: percent = 0.382
2. Resolution (Time frame) <= 15: percent = 0.5
3. Resolution (Time frame) <= 30: percent = 0.618
4. Resolution (Time frame) <= 60 (1H): percent = 0.786
5. Resolution (Time frame) <= 240 (4H): percent = 1.0
6. Resolution (Time frame) <= 1440 (1D): percent = 1.618
7. Resolution (Time frame) >1D: percent = 2.618
C. Custom Percent of Envelop
Default Percent of Envelop auto disable when Custom Percent of Envelop > 0 and the envelopes are set by user defined percentage.