Keltner Channels x 2"Keltner Channel x 2" is a simple modification of another script found on Tradingview that was posted by Ale91wolf called "Keltner Channels Linda Raschke".
This modified script allows the user to stack one Keltner Channel on top of another using different ATR multipliers which can be helpful by creating more visual
levels of price action as well as areas for potential trailing stop levels.
Tìm kiếm tập lệnh với "KELTNER"
Keltner Channels BandsKeltner Channel Bands
Great indicator for mean reversion strategies.
Alerts you can set:
Crossover EMA
Crossunder EMA
Crossover upper band
Crossunder upper band
Crossover lower band
Crossunder lower band
Have fun!
Keltner FibzonesKeltner Channel with Fibonacci Zones which uses properties of a Donchian Channel.
This script is a variation of the Fibonacci Zone script and the Donchian Fibonacci Trading Tool which I published earlier. A Keltner Channel gives more useful information to the trader than a Donchian Channel, because it provides a depiction of “normal range” and shows “outside normalcy” situations. Fibonacci lines provide a way to see if the market is trending up or down, while moving inside the channel, because in cases where the Fibonacci lines function as resistance, the trend is down, whereas when these turn out to be supports the trend is up.
Example of use:
If after a rally up - in which candles moves outside the channel - these return into the channel, this means a “new normal”. If the fibs turn out to give support, one may assume that this is a temporary sideways movement in which a flag is formed, after which following rally up may happen. With rally down the opposite is true. Top and bottom situations show a change in the way the market uses the fiblines.
The middle line of the Donchian Channel is used as the middle line of the Keltner channel, in stead of the sma in the classic channel. Default for calculation is 2 x Average True Range above and below this line. Default for the periods of the channel is 20 periods, because this allows the candles to go outside the channel. If you shorten this, all happens inside the channel.
Keltner Channel signalsUsing pupytherapy script
and the same system that we use for Bollinger and linear channel we can make easy the signal for the Keltner channel
I need to think how to make all those channels to combine I hope in next version I could do it :)
Keltner Worm ForecastBeta V0.1.0
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 if you have any suggestions for improvements down below!
<3 Happy Trading
Sir Poggy
Keltner Channel with signals [ChuckBanger]This is Keltner Channel where I added Bull and Bear signals. It has a lot of settings to play around with. Have fun...
For more information on Keltner Channel: www.investopedia.com
Keltner Channel AlertSimple Keltner Indicator with a custom alert.
The alert should ring when any Band has the price crossing.
Keltner Channels around Hull MAKeltner Channels around Hull Moving Average
Script shared upon request. No guarantees on accuracy.
KeltnerModified + DonchianColoredKeltner Channel + color coded candles when making new Donchian highs/lows
Keltner Channel With User Selectable Moving AvgKeltner Channel with user options to calculate the moving average basis and envelopes from a variety of different moving averages.
The user selects their choice of moving average, and the envelopes automatically adjust. The user may select a MA that reacts faster to volatility or slower/smoother.
Added additional options to color the envelopes or basis based on the current trend and alternate candle colors for envelope touches. The script has a rainbow gradient by default based on RSI.
Options (generally from slower/smoother to faster/more responsive to volatility):
SMMA,
SMA,
Donchian, (Note: Selecting Donchian will just convert this indicator to a regular Donchian Channel)
Tillson T3,
EMA,
VWMA,
WMA,
EHMA,
ALMA,
LSMA,
HMA,
TEMA
Value Added:
Allows Keltner Channel to be calculated from a variety of moving averages other than EMA/SMA, including ones that are well liked by traders such as Tillson T3, ALMA, Hull MA, and TEMA.
Glossary:
The Hull Moving Average ( HMA ), developed by Alan Hull, is an extremely fast and smooth moving average . In fact, the HMA almost eliminates lag altogether and manages to improve smoothing at the same time.
The Exponential Hull Moving Average is similar to the standard Hull MA, but with superior smoothing. The standard Hull Moving Average is derived from the weighted moving average ( WMA ). As other moving average built from weighted moving averages it has a tendency to exaggerate price movement.
Weighted Moving Average: A Weighted Moving Average ( WMA ) is similar to the simple moving average ( SMA ), except the WMA adds significance to more recent data points.
Arnaud Legoux Moving Average: ALMA removes small price fluctuations and enhances the trend by applying a moving average twice, once from left to right, and once from right to left. At the end of this process the phase shift (price lag) commonly associated with moving averages is significantly reduced. Zero-phase digital filtering reduces noise in the signal. Conventional filtering reduces noise in the signal, but adds a delay.
Least Squares: Based on sum of least squares method to find a straight line that best fits data for the selected period. The end point of the line is plotted and the process is repeated on each succeeding period.
Triple EMA (TEMA) : The triple exponential moving average (TEMA) was designed to smooth price fluctuations, thereby making it easier to identify trends without the lag associated with traditional moving averages (MA). It does this by taking multiple exponential moving averages (EMA) of the original EMA and subtracting out some of the lag.
Running (SMoothed) Moving Average: A Modified Moving Average (MMA) (otherwise known as the Running Moving Average (RMA), or SMoothed Moving Average (SMMA)) is an indicator that shows the average value of a security's price over a period of time. It works very similar to the Exponential Moving Average, they are equivalent but for different periods (e.g., the MMA value for a 14-day period will be the same as EMA-value for a 27-days period).
Volume-Weighted Moving Average: The Volume-weighted Moving Average (VWMA) emphasizes volume by weighing prices based on the amount of trading activity in a given period of time. Users can set the length, the source and an offset. Prices with heavy trading activity get more weight than prices with light trading activity.
Tillson T3: The Tillson moving average a.k.a. the Tillson T3 indicator is one of the smoothest moving averages and is both composite and adaptive.
CBG Keltner ChannelsKeltner Channel with the following Moving Average types: SMA, EMA, Weighted, Hull, Symmetrical, Volume Weighted, Wilder and Linear Regression. Plus 2 bands with full color shading.
The picture shows the Keltner channels with the Wilder MA, my favorite. See how easy it would have been to stay in the move down? Excellent indicator.
Keltner ZonesThis is an indicator that draws support and resistance zones / levels based on price action in and around Keltner Channels.
There are 3 different modes;
Draw zones based on price breaking the upper band
Draw zones based on price breaking the lower band
Draw zones if price stays within the bands for a prolonged period of time.
You can also decide if you want the indicator to paint zones or levels. The Zones can grow rather large if there is a volatility shock since they are drawn using the true range around the trigger price.
Upper Band Zones
Lower Band Zones
Congestion Zone
Keltner Channel with Custom ATRKeltner Channel EMA based. Use Custom ATR value.
Reversion to the mean band from TTM $400+
List of All my Indicators - www.tradingview.com
Variable Keltner Channel For DCAHello 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. (green color)
When 21 EMA is below 34 EMA, the line is 2 ATR below the 21 EMA. (red color)
Exploring ways to refine this further, especially during sideways or transition to downtrend, do comment if you have any idea.
This strategy itself was based on SMA 50 strategy for DCA.
Keltner Channel Alerts [QuantNomad]This is a script with alerts for standard Keltner Channer Strategy you can find in TradingView.
Use "Once Per Bar" option when creating alerts.
Adaptive ATR Keltner Channels [Loxx]Adaptive ATR Channels are adaptive Keltner channels. ATR is calculated using a rolling signal-to-noise ratio making this indicator flex more to changes in price volatility than the fixed Keltner Channels.
What is Average True Range (ATR)?
The average true range (ATR) is a technical analysis indicator, introduced by market technician J. Welles Wilder Jr. in his book New Concepts in Technical Trading Systems, that measures market volatility by decomposing the entire range of an asset price for that period.1
The true range is taken as the greatest of the following: current high less the current low; the absolute value of the current high less the previous close; and the absolute value of the current low less the previous close. The ATR is then a moving average, generally using 14 days, of the true ranges.
What are Keltner Channel (ATR)?
Keltner Channels are volatility-based bands that are placed on either side of an asset's price and can aid in determining the direction of a trend.
The Keltner channel uses the average-true range (ATR) or volatility, with breaks above or below the top and bottom barriers signaling a continuation.
Keltner | Bollinger | SqueezePercent B (%B), it's derivation Percent K (%K) and squeeze indicator combined in one.
blue line = bollinger %
orange line = keltner %
red background = squeeze*
squeeze = bollinger bands are inside (encapsulated by) keltner channel
Keltner Channel Backtest The Keltner Channel, a classic indicator
of technical analysis developed by Chester Keltner in 1960.
The indicator is a bit like Bollinger Bands and Envelopes.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
NSDT Triple KeltnerA different spin on Keltner Channels. Using 3 channels of varying widths provides a good visual for potential entries off of extremes. Normal channel is center, green and red "zones" could be used as potential entry/exit areas, and the outside yellow zones may be viewed as extremes (signifying potential breakouts or strong reversal areas).
