Kay Envelops, helps identify overbought and oversold conditions

Hi.

I would like to know if anyone has any ideas as to how I can use another indicator to help filter this indicator in a way that will make it more accurate? I would really like to see it work on higher time frames.

If you like, please share the way you would use this indicator in your trading.

I don't have an .mq4 file. I don't think this indicator "re-paints."

Thank you.

thanks for the post.it seems that,quite good when the market is in ranging phase,but not at the trending pahse.maybe someone can create or give opinion on how to countermeasure trending market.