Keltner Channels with Custom Signals

12 Mac

Keltner Channels with Custom Signals

This advanced indicator enhances the classic Keltner Channels by combining them with a suite of customizable trading signals and visual tools, designed to assist traders in identifying potential entry and exit points. Built for TradingView’s Pine Script v6, it overlays three key lines—upper band, basis line (moving average), and lower band—calculated using a user-defined source (default: close), length (default: 20), and multiplier (default: 2.0). Traders can choose between Exponential Moving Average (EMA) or Simple Moving Average (SMA) for the basis line and select from three volatility band styles: Average True Range (ATR), True Range, or Range, with an adjustable ATR length (default: 10).

The script generates distinct signals based on price action:

BUY Signals: Triggered when the close exceeds the upper band on a bullish candle (close > open), marked with a green "BUY" label.

SELL Signals: Triggered when the close falls below the lower band on a bearish candle (close < open), marked with a red "SELL" label.

Annessione (ANN) Signals: Specialized conditions for both BUY and SELL, activated when the current candle’s size exceeds the previous candle’s, with additional midpoint and directional checks. These are plotted with cyan labels and include dynamic stop-loss (SL) lines.

Equal Candle Signals: Highlighted with yellow crosses when the current and previous candles are of equal size, meeting specific conditions post-BUY/SELL signals.

Midline Markers: Green (BUY) and red (SELL) crosses appear on the basis line when initial signals occur.

Customization is a core feature: users can adjust label text, colors, and distances (in pips) for all signals, tailoring the display to their preferences. The stop-loss lines for ANN signals are particularly robust—drawn above highs (BUY) or below lows (SELL) with a configurable pip offset (default: 50), styled as solid, dotted, or dashed in red, and interrupted when price hits the SL or crosses the basis line. Alerts are included for all signal types, ensuring traders never miss a key moment.

Ideal for technical traders, this indicator blends Keltner Channel analysis with actionable, visually intuitive signals, offering flexibility and precision in one powerful package.

31 Mac

Nota Keluaran

This indicator takes the classic Keltner Channels and supercharges them with a unique blend of trading signals and visual cues, crafted to guide traders through market twists and turns. Built on Pine Script v6, it paints three lines across your chart: an upper band (green), a basis line (gray moving average), and a lower band (red). You can tweak the source (default: close), channel length (default: 20), and volatility multiplier (default: 2.0) to fit your style. Choose between a smooth Exponential Moving Average or a straightforward Simple Moving Average for the basis, and pick your volatility flavor—Average True Range (ATR), True Range, or Range—with an adjustable ATR length (default: 10).

What You’ll See

This isn’t just a channel—it’s a signal hub lighting up key moments:

BUY and SELL Signals:
BUY: A green "BUY" label pops up when price punches above the upper band with bullish energy, hinting at a possible climb.
SELL: A red "SELL" label flags when price dips below the lower band with bearish vibes, suggesting a drop might be coming.
Annessione (ANN) Signals:
These cyan markers are like a secret handshake after a breakout. They show up when the market’s mood shifts in a special way (think candle size and direction doing a little dance), and they come with handy stop-loss lines to keep you grounded.
Equal Candle Signals:
Yellow crosses blink when two candles in a row match up perfectly after a signal, whispering that the market might be catching its breath.
K 1.0 Signals:
Core K 1.0: Red (SELL) and green (BUY) crosses land on the basis line when price makes its big move, marking the heart of the action.
Adapted K 1.0: Orange (SELL) and blue (BUY) crosses stretch a bit outside the channel—like scouts testing the waters—shifted by a clever 11% nudge.
SL K 1.0 Signals:
Core SL K 1.0: Red (SELL) and green (BUY) crosses perch on the opposite band (upper for SELL, lower for BUY), eyeballing potential exit zones.
Adapted SL K 1.0: Orange (SELL) and blue (BUY) crosses slide 11% inside from there, offering a tighter safety net.
What’s Happening Under the Hood

The Keltner Channels flex with market volatility, wrapping price in a dynamic tunnel. When price breaks out, the script springs to life, tossing up signals based on how candles play with the bands. The ANN signals watch for a custom twist in the tale, while the K 1.0 and SL K 1.0 markers sprinkle smart checkpoints around the channel—think of them as guideposts, not blueprints. It’s all about catching the market’s rhythm without spilling the magic sauce.

How to Play It

Setup: Drop it on a clean chart, fiddle with the length or multiplier—short for quick scalps, long for big trends—and pick your volatility vibe.
Trading: Spot BUY/SELL labels for the first spark, lean on ANN signals (with their SL lines) for the follow-up, and use K 1.0/SL K 1.0 crosses to nail your entries, stops, or profits. Equal Candles? Watch for a breather.
Make It Yours: Dial in colors, nudge label positions (in pips), or tweak the SL offset (default: 50 pips)—solid, dotted, or dashed red lines that fade when price tags them or hits the basis. Alerts keep you in the loop, hands-free.
Why It Stands Out

This isn’t your grandpa’s Keltner Channels. It’s a lively mix of breakout triggers, follow-up hints, and clever markers that dance around the channel’s edges. Those Adapted K 1.0 and SL K 1.0 signals? They’re like extra eyes, giving you a fresh angle on where price might head or halt—perfect for traders who want a sharp, adaptable tool.

Chart Tip

Keep it simple: publish with a clean chart so the bands (green upper, gray basis, red lower) and signals shine. No extra fluff needed—just let the script tell its story.

31 Mac

Nota Keluaran

This indicator takes the classic Keltner Channels and supercharges them with a unique blend of trading signals and visual cues, crafted to guide traders through market twists and turns. Built on Pine Script v6, it paints three lines across your chart: an upper band (green), a basis line (gray moving average), and a lower band (red). You can tweak the source (default: close), channel length (default: 20), and volatility multiplier (default: 2.0) to fit your style. Choose between a smooth Exponential Moving Average or a straightforward Simple Moving Average for the basis, and pick your volatility flavor—Average True Range (ATR), True Range, or Range—with an adjustable ATR length (default: 10).

What You’ll See

This isn’t just a channel—it’s a signal hub lighting up key moments:

BUY and SELL Signals:
BUY: A green "BUY" label pops up when price punches above the upper band with bullish energy, hinting at a possible climb.
SELL: A red "SELL" label flags when price dips below the lower band with bearish vibes, suggesting a drop might be coming.
Annessione (ANN) Signals:
These cyan markers are like a secret handshake after a breakout. They show up when the market’s mood shifts in a special way (think candle size and direction doing a little dance), and they come with handy stop-loss lines to keep you grounded.
Equal Candle Signals:
Yellow crosses blink when two candles in a row match up perfectly after a signal, whispering that the market might be catching its breath.
K 1.0 Signals:
Core K 1.0: Red (SELL) and green (BUY) crosses land on the basis line when price makes its big move, marking the heart of the action.
Adapted K 1.0: Orange (SELL) and blue (BUY) crosses stretch a bit outside the channel—like scouts testing the waters—shifted by a clever 11% nudge.
SL K 1.0 Signals:
Core SL K 1.0: Red (SELL) and green (BUY) crosses perch on the opposite band (upper for SELL, lower for BUY), eyeballing potential exit zones.
Adapted SL K 1.0: Orange (SELL) and blue (BUY) crosses slide 11% inside from there, offering a tighter safety net.
What’s Happening Under the Hood

The Keltner Channels flex with market volatility, wrapping price in a dynamic tunnel. When price breaks out, the script springs to life, tossing up signals based on how candles play with the bands. The ANN signals watch for a custom twist in the tale, while the K 1.0 and SL K 1.0 markers sprinkle smart checkpoints around the channel—think of them as guideposts, not blueprints. It’s all about catching the market’s rhythm without spilling the magic sauce.

How to Play It

Setup: Drop it on a clean chart, fiddle with the length or multiplier—short for quick scalps, long for big trends—and pick your volatility vibe.
Trading: Spot BUY/SELL labels for the first spark, lean on ANN signals (with their SL lines) for the follow-up, and use K 1.0/SL K 1.0 crosses to nail your entries, stops, or profits. Equal Candles? Watch for a breather.
Make It Yours: Dial in colors, nudge label positions (in pips), or tweak the SL offset (default: 50 pips)—solid, dotted, or dashed red lines that fade when price tags them or hits the basis. Alerts keep you in the loop, hands-free.
Why It Stands Out

This isn’t your grandpa’s Keltner Channels. It’s a lively mix of breakout triggers, follow-up hints, and clever markers that dance around the channel’s edges. Those Adapted K 1.0 and SL K 1.0 signals? They’re like extra eyes, giving you a fresh angle on where price might head or halt—perfect for traders who want a sharp, adaptable tool.

Chart Tip

Keep it simple: publish with a clean chart so the bands (green upper, gray basis, red lower) and signals shine. No extra fluff needed—just let the script tell its story.

31 Mac

Nota Keluaran

This indicator takes the classic Keltner Channels and supercharges them with a unique blend of trading signals and visual cues, crafted to guide traders through market twists and turns. Built on Pine Script v6, it paints three lines across your chart: an upper band (green), a basis line (gray moving average), and a lower band (red). You can tweak the source (default: close), channel length (default: 20), and volatility multiplier (default: 2.0) to fit your style. Choose between a smooth Exponential Moving Average or a straightforward Simple Moving Average for the basis, and pick your volatility flavor—Average True Range (ATR), True Range, or Range—with an adjustable ATR length (default: 10).

What You’ll See

This isn’t just a channel—it’s a signal hub lighting up key moments:

BUY and SELL Signals:
BUY: A green "BUY" label pops up when price punches above the upper band with bullish energy, hinting at a possible climb.
SELL: A red "SELL" label flags when price dips below the lower band with bearish vibes, suggesting a drop might be coming.
Annessione (ANN) Signals:
These cyan markers are like a secret handshake after a breakout. They show up when the market’s mood shifts in a special way (think candle size and direction doing a little dance), and they come with handy stop-loss lines to keep you grounded.
Equal Candle Signals:
Yellow crosses blink when two candles in a row match up perfectly after a signal, whispering that the market might be catching its breath.
K 1.0 Signals:
Core K 1.0: Red (SELL) and green (BUY) crosses land on the basis line when price makes its big move, marking the heart of the action.
Adapted K 1.0: Orange (SELL) and blue (BUY) crosses stretch a bit outside the channel—like scouts testing the waters—shifted by a clever 11% nudge.
SL K 1.0 Signals:
Core SL K 1.0: Red (SELL) and green (BUY) crosses perch on the opposite band (upper for SELL, lower for BUY), eyeballing potential exit zones.
Adapted SL K 1.0: Orange (SELL) and blue (BUY) crosses slide 11% inside from there, offering a tighter safety net.
What’s Happening Under the Hood

The Keltner Channels flex with market volatility, wrapping price in a dynamic tunnel. When price breaks out, the script springs to life, tossing up signals based on how candles play with the bands. The ANN signals watch for a custom twist in the tale, while the K 1.0 and SL K 1.0 markers sprinkle smart checkpoints around the channel—think of them as guideposts, not blueprints. It’s all about catching the market’s rhythm without spilling the magic sauce.

How to Play It

Setup: Drop it on a clean chart, fiddle with the length or multiplier—short for quick scalps, long for big trends—and pick your volatility vibe.
Trading: Spot BUY/SELL labels for the first spark, lean on ANN signals (with their SL lines) for the follow-up, and use K 1.0/SL K 1.0 crosses to nail your entries, stops, or profits. Equal Candles? Watch for a breather.
Make It Yours: Dial in colors, nudge label positions (in pips), or tweak the SL offset (default: 50 pips)—solid, dotted, or dashed red lines that fade when price tags them or hits the basis. Alerts keep you in the loop, hands-free.
Why It Stands Out

This isn’t your grandpa’s Keltner Channels. It’s a lively mix of breakout triggers, follow-up hints, and clever markers that dance around the channel’s edges. Those Adapted K 1.0 and SL K 1.0 signals? They’re like extra eyes, giving you a fresh angle on where price might head or halt—perfect for traders who want a sharp, adaptable tool.

Chart Tip

Keep it simple: publish with a clean chart so the bands (green upper, gray basis, red lower) and signals shine. No extra fluff needed—just let the script tell its story.