The " Keltner Channel Percentage " (KC%) indicator, designed for TradingView's version 5 language, offers a unique perspective on market volatility and trend analysis, similar yet distinct from the well-known Bollinger Bands Percentage (BB%). Audience and Applications: This indicator is suited for traders who prefer a volatility-based approach but seek a...
Hello Everyone, Sharing the indicator that I'm using for Dollar Cost Averaging into the stocks & ETFs in my portfolio. Instead of entering regularly each month, entry only happens when the share price is below the indicator. This indicator is based on Exponential Moving Average & Keltner Channel. When 21 EMA is above 34 EMA, the line is 1 ATR below the 21 EMA....
First, we use a calculation of "higher highs" and "lower lows" price channels, which we see represented on the chart in purple. These channels provide us with a broad view that helps us identify on the chart where the price has reached significantly higher levels than before during a specific period and lower points than previous levels. As we observe, a channel...
"Trendoscope" was born from our trading journey, where we first delved into the world of trend-following methods. Over time, we discovered the captivating allure of pattern analysis and the exciting challenges it presented, drawing us into exploring new horizons. However, our dedication to trend-following methodologies remains steadfast and continues to be an...
1)INDICATOR ---This indicator is a combination of Keltner channels and Williams %R. It measures trend using these two indicators. When Williams %R is overbought(above upper line (default=-20)) and Keltner lower line is below price indicator shows uptrend (green). When Williams %R is oversold(below lower line (default=-80)) and Keltner upper line is above price...
The Volatility Compression Breakout indicator is designed to identify periods of low volatility followed by potential breakout opportunities in the market. It aims to capture moments when the price consolidates within a narrow range, indicating a decrease in volatility, and anticipates a subsequent expansion in price movement. This indicator can be applied to any...
It's just a simple keltner trend with options added to: Eradicate repainting more MAs Json alerts (useful for bots) I recommend using "open" option for all sources if you are going to use it with a bot, or if you want to be safe and enter with confirmations. Using the default settings would also show you all the entries without repainting as it uses high and low...
This indicator has different features: 1. Ichimoku = this indicator can plot Ichimoku calculated both in the common formula and with the volume average, you can choose the calculator method for each line. 2. Channel and Bands = this mode allows the user to choose from channel and band, "channel" shows the Keltner channel, and "band" shows the Bollinger bands. Both...
Note that the EMA Ribbon is not embedded into the custom RSI with KC. In the future I plan to embed it. The EMA Ribbon I use is the following: This is my very first attempt at modifying an indicator. I basically attempted to add a Keltner Channel around RSI. This was used as an alternative channel to the standard Bollinger Band. KC goes hand-in-hand with the EMA...
Keltner Channel Bands These normally consist of: Keltner Channel Upper Band = EMA + Multiplier ∗ ATR Keltner Channel Lower Band = EMA − Multiplier ∗ ATR However instead of using ATR we are using RMA This gives us a much smoother take of the KCB We are also using 2 sets of bands built on 1 Moving average, this is a common set up for mean reversion...
TREND IDENTIFICATION: Keltner Channels, Moving Average. - Keltner Channels: ... Keltner Channels long when closes candle crossover Upper 2. ... Keltner Channels short when closes candle crossunder Lower 2. - Moving average : 50 ... MA long when closes candle above MA 50. ... MA short when closes candle below MA 50. OPEN TRADE RULE: - Open a buy when K...
This is part of a new series we are calling "Strategy Myth-Busting" where we take open public manual trading strategies and automate them. The goal is to not only validate the authenticity of the claims but to provide an automated version for traders who wish to trade autonomously. Our 11th one is an automated version of the "Magic Trading Strategy : Most...
LNL Keltner Candles This indicator plots mean reversion (reversal) arrows with custom painted candles based on the price touch or close above or below keltner channel limits (upper & lower bands). This study was created primarily for swing trading & higher time frames such as daily and weekly. Lower time frames might result in more false signals. Mean Reversal...
Presenting Squeeze Range: Bollinger Bands / Keltner Channels TTMSqueeze method is a volatility and momentum indicator introduced by John Carter of Simpler Trading, which capitalizes on the tendency for price to break out strongly after consolidating in a tight trading range. How did I make this indicator? The Bollinger Bands & Keltner Channels base scripts are...
This is the Histogram Version of one of my other indicators named: SQZ Momentum + 1st Gray Cross Signals (with arrows) Which is a modification of "Squeeze Momentum Indicator" by user: "LazyBear". In that indicator of his he described, and suggested, the use of his gray cross signals to find points of interest for trading based on the direction of momentum...
🎲 Concept Zigzag is built based on the price and number of offset bars. But, in this experiment, we build zigzag based on different bands such as Bollinger Band, Keltner Channel and Donchian Channel. The process is simple: 🎯 Derive bands based on input parameters 🎯 High of a bar is considered as pivot high only if the high price is above or equal to upper...
Wunder Keltner bot 1. Wunder Keltner bot is based on the breakout of the Keltner channel. For calculation, 2 channels are used, one for long trades, and the other for short trades. The division into 2 channels is used for more accurate entry calculations depending on trend directions. 2. The ADX indicator is used to filter signals and determine the trend...
============ ENGLISH ============ - Description: This strategy is based on Bollinger Bands / Keltner Channel price "rebounds" (the idea of price bouncing from one band to another). The strategy has several customizable options, which allows you to refine the strategy for your asset and timeframe. You can customize settings for ALL indicators, Bollinger Bands...