Level: 2
Background
Price envelopes sare shown at a set percentage above and below a moving average. They are used to indicate overbought and oversold levels and can be traded individually or in conjunction with a momentum indicator.
Function
L2 Price Envelope Tracker is an innovative indicator that use customized envelope of price to disclose overbought and...
![GOOGL: [blackcat] L2 Price Envelope Tracker](https://s3.tradingview.com/w/WvdqFfEr_mid.png "[blackcat] L2 Price Envelope Tracker")
