This strategy is based on 3 main indicators.
1st indicator is a trend indicator, which consists of SMA and EMA
2nd is Keltner Channel
3rd is DM indicator.
The conditions for the entry of this strategy are following:
First of all the assets need to be in an upward trend, this will occur when the EMA will cross SMA. The next condition for the entry is the...
This indicator combines the Supertrend (to determine the main trend direction) with two Keltner channels (used for add and take profit signals) to construct a trend trading system.
These are the available settings:
UseTrendChange ➞ toggle trend change alerts and labels
UseAdds ➞ toggle add to position alerts and labels
UseTakeProfits ➞ toggle...
I have the ambition to create a ‘landscape’ which enables the user to see the ‘mood’ of the market about the price of an instrument, simply by looking where the candles go. Prices are a simple phenomenon , they go up or down or stay the same. This is represented quite well for the short term by a candle. I recommend to study candle patterns. Prices not only...
This strategy is optimized for Bitcoin with the Keltner Channel Strategy, which is TradingView's built-in strategy. In the original Keltner Channel Strategy, it was difficult to predict the timing of entry because the Buy and Sell signals floated in the middle of the candle in real time. This strategy is convenient because if the bitcoin price hits the top or...
Entery signal: When line color turns to lime (lighter green) after a blue dot appears
Exit signal: When line color turns to red (darker red) after a red dot appears
Note: it is more affective as an entry signal (Bottom is stronger)
- When line touches or crosses red band it is Top signal (Williams Vix Fix)
- When line touches or crosses blue band it is...
Just variation of Multi Band oscillator present here: Multi-Band-Channel-Oversold-Overbought-Oscillator
Instead of regular moving average, here I am using Zigzag Moving average. This is calculated in similar to as explained in: Zigzag-Cloud
Instead of ATR, using AZR (Average Zigzag Range) - Average-Zigzag-Range-AZR
Rest of the logic...
Mean Reversion Channel objective, based on Mean Reversion theory ( everything has a tendency to revert back to its mean), is to help visualizing:
Inner Channel -> Dynamic Support and Resistance
Outer Channel -> Overbought/Oversold Zone which may signal consolidation phase or potential reversal due to unsustainable move
Details on some of...
This Keltner Channel Worm gives 6 different KCs at max, and allows you to set a multiplier for the offset and worm settings (exponential).
The idea behind this script is that the overall brightness of the Keltner Channel will indicate the strength of the forecast. If the candles are shrouded by darkness, a correction is due.
Enjoy and let me know...
This is Screener script for Mean Reversion Channel Indicator
█ Description & How To Use
The screener works by scanning through up to 40 symbols and list down symbols that are currently within Overbought/Oversold Zone as defined by Mean Reversion Channel indicator.
The Overbought/Oversold Zone are further categorized and sorted by:
This is the strategy version of the Keltner Worm Study I previously did today.
I prepared this today as I wanted to get a rough idea of the win rate of the Keltner Worm concept.
Depending on how strict the settings are, the win rate seems pretty good.
Some details about this strategy:
1. it incorporates 2 strategies - Keltner Re-entry and...
There are many indicators of overbought/oversold conditions out there. Some of more common ones are:
- Bollinger Bands %B
- Money Flow Index (MFI)
- Relative Strength Index (RSI)
This script uses a combination of these 4 oscillators to confirm overbought/oversold and filter the signals of market reverse which could be used for trading binary...
This is an indicator that draws support and resistance zones / levels based on price action in and around Keltner Channels.
There are 3 different modes;
Draw zones based on price breaking the upper band
Draw zones based on price breaking the lower band
Draw zones if price stays within the bands for a prolonged period of time.
You can also decide if...
This is my version of the updated classic indicator created by John Carter. I plan on adding a Squeeze Overlay script in the future that will pair with this one as well for additional signals.
So to break down the Squeeze, what it is, how it works, etc - you have to look at the components that make it up.
1. Bollinger Bands
2. Keltner Channels
Hi, again. Here I have a nice moving average script designed to get you into trends and keep you in trends until the opportune moment comes to exit. And, as with any indicator, or suite of indicators, designed to get one into trends and keep him/her in a trend, they do not do so well in chop/ranging/mean reversion conditions, though I would say this one is better...
Another adoption of supertrend. This time based on different channels - Bollinger Band, Keltner Channel, Donchian Channel and Pivot point based Donchian channel.
When price hits top of bands, it is considered as start or continuation of uptrend. When price hits bottom of the band it is considered as start or continuation of downtrend. Hence, supertrend is drawn...
The classic moving average crossover strategy does not work well in markets that, instead of trending, tend to frequently reverse within a trading range. The lag between the actual time the market has reversed direction and when the moving average is signalling a trade, the trend is already over and the market is about to go against your position. In this...
This setup was created by Rivadavila S. Malheiros
There are 2 Keltner Channels with exponential moving averages of 21 (riva) and 89 (rock) and ATR multiplier of 0.618.
When the price is between the bands, it is a sign of consolidation (yellow).
When the price is above the bands, it is an upward trend (green).
When the price is below the bands, it is a downward...