EnvelopeMatrix
What You Need
TradingView
Any plan (including free)
Free Access
Open to all TradingView users
Any Chart
Works on any instrument and timeframe
11 Settings
Colors, percentages, MA type — all configurable
Four Layers of Structure
Each envelope pair plots upper and lower bands at a percentage offset from the basis moving average, with color fills between them. The result is a layered map of deviation from the mean.
Default percentages — all offsets, colors, and MA settings are configurable
Inner Envelopes (1–2)
The tightest bands around the mean. Price staying within these envelopes indicates low volatility and mean-hugging behavior. Breaks beyond signal the start of a move.
Outer Envelopes (3–4)
Mark significant deviation from the mean. Price reaching the outer bands is overextended — mean reversion setups become higher probability at these extremes.
The Reference Grid
This is the “matrix” — between each pair of adjacent bands, the indicator automatically plots quartile reference lines at 25%, 50%, and 75% intervals, creating a dense grid of potential support and resistance levels.
Quartile lines auto-adjust every bar and project 10 bars forward
Micro S/R Levels
The quartile lines subdivide each zone into granular reference levels. Price often pauses or reverses at these intermediate levels, not just at the bands themselves.
Auto-Adjusting
Reference lines are recalculated and redrawn every bar, projecting slightly into the future. They always reflect the current band values — no stale levels.
Mean Reversion Map
See exactly how far price has deviated from the mean and where the next reference level sits. The grid turns the space between bands into a structured roadmap.
Fully Configurable
11 settings give you complete control over the envelope structure — adjust the basis, offsets, and colors to match any instrument or trading style.
Basis Settings
Per-Envelope Settings
Each envelope has independent percentage and color inputs
Features
- ✓4 customizable envelopes with adjustable percentages (0.2%, 0.4%, 0.6%, 0.8% by default)
- ✓Optional EMA or SMA basis calculation
- ✓Color-coded bands for easy visual identification
- ✓Automatic horizontal lines showing current band values
- ✓Midpoint lines between adjacent bands
- ✓Additional 25%, 50%, and 75% levels between each band pair