*** New version @
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All options configurable.
Reversals are marked using crosses. as well as highlighted using green/red color (depending on bull/bear). Enjoy!
All options configurable.
Reversals are marked using crosses. as well as highlighted using green/red color (depending on bull/bear). Enjoy!
List of my free indicators: bit.ly/1LQaPK8
List of my indicators at Appstore: blog.tradingview.com/?p=970
List of my indicators at Appstore: blog.tradingview.com/?p=970
// @author LazyBear // @credits Formula taken from http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:keltner_channels // study(title="Keltner Channel [LazyBear]", overlay=true) offset = 1 lengthMiddle = input(20, title="MiddleEMA") channelATR = input(10, title="Channel wall ATR") channelWidth = input(2, title = "Channel Width") showBarColor = input(true, title="Highlight Bear/Bull reversals?", type=bool) emaVal = ema(close,lengthMiddle) upperVal = emaVal + channelWidth * atr(channelATR) lowerVal = emaVal - channelWidth * atr(channelATR) middle_line = plot(emaVal, style=circles, linewidth=2) upper_line = plot(upperVal) lower_line = plot(lowerVal) fill(upper_line, lower_line, color=green, transp=80) bearish_reversal = high > upperVal bear_point = bearish_reversal ? (high+offset) : na bear_color = bearish_reversal ? red : na bullish_reversal = low < lowerVal bull_point = bullish_reversal ? (low-offset) : na bull_color = bullish_reversal ? green : na bar_color = bearish_reversal ? bear_color : (bullish_reversal ? bull_color : na) plot(bear_point, color = bear_color, style=cross, linewidth=2) plot(bull_point, color = bull_color, style=cross, linewidth=2) bgcolor(showBarColor ? bar_color : na)