We have developed a tool that can be multi-fitted to different stocks and market conditions for an indicator called "Envelope," and we would like to introduce it.

Enveloper is an indicator that shows the divergence rate from the central band’s moving average.
The moving average line serves as a supporting line against movements that retrace in the trend direction, but it cannot provide guidance for price movements that move away from the moving average (extending in the trend direction).
Therefore, by looking at the divergence rate from the moving average, we use the enveloper to gauge a potential reversal in the trend direction.

In this way, enveloper displays reversal cues in the space where the moving average is not drawn, making it a very convenient indicator, but it is also a very difficult indicator to handle.
Even for the same asset, you need to change the divergence settings for each time frame, and even with the same time frame, if you analyze a different asset, you still have to adjust the divergence settings for it to function.
Furthermore, because divergence that rebounds differs in strong and weak markets, you need to adjust the divergence to accommodate the market conditions. This is one of the reasons it is not generalized despite its many drawbacks.

However, if we can solve this problem of enveloper, it can become a very valuable indicator. Therefore, this time we developed an original indicator that clears the above issues.
It is explained in detail in the video, so please take a look.