Indicator display where price is in relation to the bands of Keltner Channel (20,2)
A. Keltner Channe Info 1. Basis = EMA(close,20) 2. Upper Band = Basis + 2 x ATR(14) 3. Lower Band = Basis - 2 x ATR(14)
B. %K Info 1. %K Above 1 = Price is Above the Upper Band 2. %K Below 0 = Price is Below the Lower Band 3. %K Above 0.8 = Price is Nearing the Upper Band 4. %K Below 0.2 = Price is Nearing the Lower Band