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...
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...