samc's - Keltner Oscillator

The KELTNER CHANNEL is a widely used technical indicator developed in the 60's by Chester W. Keltner who described it in his 1960 book How To Make Money in Commodities.

so i took the logic, simplified the code and made into an oscillator.
to add a flavor of modern times you can choose among 10 different colorways themes in the settings. (so traders can adjust it for dark or light charts)

Although the initial idea was developed for stocks and commodities, I've carefully back tested this as an oscillator across FX MAJORS , MINORS and high liquidity stocks for the use case of scalping and Medium term trade ideas.

now, this indicator works successfully over all time frames, custom time frames and all assets.

This script builds on the same approach as my earlier session tool — keeping things clean, visual, and easy to read.

I intend to publish more of my work as i develop them from Beta ideas into stable scripts, and i welcome feedback.