ENE (Envelope)
Indicator Description
ENE (Envelope) is a trend indicator that reflects the strength and direction of market trends by calculating price trend changes.
Function Information
- Function Name: ENE
- Input Parameters: Close
- Parameter Settings: timeperiod (default: 25), deviation (default: 6)
- Output: upper, lower, mid
Calculation Principle
ENE reflects the strength and direction of market trends by calculating price trend changes. When the price is above the envelope, it indicates an uptrend; when the price is below the envelope, it indicates a downtrend.
Application Scenarios
- Trend direction judgment
- Trend strength analysis
- Trend reversal identification
- Trading signal generation