Keltner Channel with user options to calculate the moving average basis and envelopes from a variety of different moving averages. The user selects their choice of moving average, and the envelopes automatically adjust. The user may select a MA that reacts faster to volatility or slower/smoother. Added additional options to color the envelopes or basis based on...
This is a script with alerts for standard Keltner Channer Strategy you can find in TradingView. Use "Once Per Bar" option when creating alerts.
Concept: After every low volatile phase comes a high volatile phase and after every high volatile phase comes a low volatile phase. If the Bollinger bands are smaller then the Keltner channel (colored red), the price action is low in volatility… meaning a breakout (colored green) will happen soon. If Bollinger band is bigger than the Keltner channel = green If...
This channel is a second version designed by the famous american analyst Linda Raschke; it allows you to find the main trend and to implement a trend-following strategy. You can open a new long/short position when the price cross up the basis and the upper/lower band (jointly with other indicators).
A different spin on Keltner Channels. Using 3 channels of varying widths provides a good visual for potential entries off of extremes. Normal channel is center, green and red "zones" could be used as potential entry/exit areas, and the outside yellow zones may be viewed as extremes (signifying potential breakouts or strong reversal areas).
Keltner Channels around Hull Moving Average Script shared upon request. No guarantees on accuracy.
Plots one of several types of moving average types Supports ATR/Kelter Channels Supports Bollinger Bands Velocity squeezes shown on the moving average to identify possible turning points Supports ATR based stop for MA Trend Reversals MA Trend reversal alert conditions See related Moving Average Ribbon script.
Here's an updated version of the CBG Keltner Channel indicator. 1. Added a new option for painting bars and backgrounds. - Option 5 will paint up bars if the midline moving average is moving up and price is above the control moving average. It will paint down bars if the opposite is true. If neither are true, it will paint a neutral color. The neutral color...
Keltner channels which color candles based on closes outside the bands
Alternative Keltner calculation using NWMA
Simple Keltner Indicator with a custom alert. The alert should ring when any Band has the price crossing.
This is momentum based indicator Input 1. Two EMA 2. Stochastic Thought process 1. Difference between fast and slow ema has a oscillating nature. 2. Stochastic %k %d crossover gives early signals 3. early entry gives low risk high reward setup Calculation 1. A= EMA (fast) - EMA (slow) 2. B =Stochastic(%K)-Stochastic(%D) When A is increasing and B is positive,...
Use the synchronization of the 3 lines Basis, Upper, Lower to calculate whether the trend will continue or not. 1. Color the 3 lines Basis, Upper, Lower of the Keltner channel - If the value of 3 Basis, Upper, and Lower lines in front of a candle increases, fill in green. - If the value of 3 Basis, Upper, and Lower lines in front of one candle decreases, color in...
The Keltner Channel, a classic indicator of technical analysis developed by Chester Keltner in 1960. The indicator is a bit like Bollinger Bands and Envelopes. This variation uses the Hull Moving Average as the centre line for the channel.
Percent B (%B), it's derivation Percent K (%K) and squeeze indicator combined in one. blue line = bollinger % orange line = keltner % red background = squeeze* squeeze = bollinger bands are inside (encapsulated by) keltner channel
Hello Fellow Traders! Script Info Keltner Channel uses Average True Range and Bollinger Bands uses Standard Deviation. And if you compare the two, you’ll realize Keltner Channel is “smoother” version to Bollinger Bands. I have included a one hour backtest including slippage and 0.075% commissions to meet most exchanges standards, as you can see it...
There are quite a few band indicators out there, ATR, VWAP, Bollinger, Fib, etc. however, I could never find anything that could scale accurately during periods of high volatility. That brought me to writing this indicator. These bands use my Volume-Weighted Anchored Trend (VWAT) for the basis and highlight the standard deviation that you might expect high...