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Keltner Channel Width Oscillator (KingThies)Definition The Keltner Channel Width oscillator is a technical analysis indicator derived originally from the same relationship the Bollinger Band Width indicator takes on Bollinger Bands. Similar to the Bollinger Bands, Kelts measure volatility in relation to price, and factor in various range calculations to create three bands around the price of a given stock or digital asset. The Middle Line is typically a 20 Day Exponential Moving Average while the upper and lower bands highlight price at different range variations around its basis. Keltner Channel Width serve as a way to quantitatively measure the width between the Upper and Lower Bands and identify opportunities for entires and exits, based on the relative range price is experiencing that day. Calculation Kelt Channel Width = (Upper Band - Lower Band) / Middle Band More on Keltner Channels Keltner channel was first described by a Chicago grain trader called Chester W. Keltner in his 1960 book How to Make Money in Commodities. Though Keltner claimed no ownership of the original idea and simply called it the ten-day moving average trading rule, his name was applied by those who heard of this concept through his books. Similarly to the Bollinger Bands, Keltner channel is a technical analysis tool based on three parallel lines. In fact, the Keltner indicator consists of a central moving average in addition to channel lines spread above and below it. The central line represents a 10-day simple moving average of what Chester W. Keltner called typical price. The typical price is defined as the average of the high, low and close. The distance between the central line and the upper, or lower line, is equivalent to the simple moving average of the preceding 10 days' trading ranges. One way to interpret the Keltner Channel would be to consider the price breakouts outside of the channel. A trader would track price movement and consider any close above the upper line as a strong buy signal. Equivalently, any close below the lower line would be considered a strong sell signal. The trader would follow the trend emphasized by the indicator while complementing his analysis with the use of other indicators as well. However, the breakout method only works well when the market moves from a range-bound setting to an established trend. In a trend-less configuration, the Keltner Channel is better used as an overbought/oversold indicator. Thus, as the price breaks out below the lower band, a trader waits for the next close inside the Keltner Channel and considers this price behavior as an oversold situation indicating a potential buy signal. Similarly, as the price breaks out above the upper band, the trader waits for the next close inside the Keltner Channel and considers this price action as an overbought situation indicating a potential sell signal. By waiting for the price to close within the Channel, the trader avoids getting caught in a real upside or downside breakout.
Penunjuk Pine Script®
oleh kingthies
1
Polynomial Regression Keltner Channel [ChartPrime]Polynomial Regression Keltner Channel ⯁ OVERVIEW The Polynomial Regression Keltner Channel [ ChartPrime ] indicator is an advanced technical analysis tool that combines polynomial regression with dynamic Keltner Channels. This indicator provides traders with a sophisticated method for trend analysis, volatility assessment, and identifying potential overbought and oversold conditions. ◆ KEY FEATURES Polynomial Regression: Uses polynomial regression for trend analysis and channel basis calculation. Dynamic Keltner Channels: Implements Keltner Channels with adaptive volatility-based bands. Overbought/Oversold Detection: Provides visual cues for potential overbought and oversold market conditions. Trend Identification: Offers clear trend direction signals and change indicators. Multiple Band Levels: Displays four levels of upper and lower bands for detailed market structure analysis. Customizable Visualization: Allows toggling of additional indicator lines and signals for enhanced chart analysis. ◆ FUNCTIONALITY DETAILS ⬥ Polynomial Regression Calculation: Implements a custom polynomial regression function for trend analysis. Serves as the basis for the Keltner Channel, providing a smoothed centerline. //@function Calculates polynomial regression //@param src (series float) Source price series //@param length (int) Lookback period //@returns (float) Polynomial regression value for the current bar polynomial_regression(src, length) => sumX = 0.0 sumY = 0.0 sumXY = 0.0 sumX2 = 0.0 sumX3 = 0.0 sumX4 = 0.0 sumX2Y = 0.0 n = float(length) for i = 0 to n - 1 x = float(i) y = src sumX += x sumY += y sumXY += x * y sumX2 += x * x sumX3 += x * x * x sumX4 += x * x * x * x sumX2Y += x * x * y slope = (n * sumXY - sumX * sumY) / (n * sumX2 - sumX * sumX) intercept = (sumY - slope * sumX) / n n - 1 * slope + intercept ⬥ Dynamic Keltner Channel Bands: Calculates ATR-based volatility for dynamic band width adjustment. Uses a base multiplier and adaptive volatility factor for flexible band calculation. Generates four levels of upper and lower bands for detailed market structure analysis. atr = ta.atr(length) atr_sma = ta.sma(atr, 10) // Calculate Keltner Channel Bands dynamicMultiplier = (1 + (atr / atr_sma)) * baseATRMultiplier volatility_basis = (1 + (atr / atr_sma)) * dynamicMultiplier * atr ⬥ Overbought/Oversold Indicator line and Trend Line: Calculates an OB/OS value based on the price position relative to the innermost bands. Provides visual representation through color gradients and optional signal markers. Determines trend direction based on the polynomial regression line movement. Generates signals for trend changes, overbought/oversold conditions, and band crossovers. ◆ USAGE Trend Analysis: Use the color and direction of the basis line to identify overall trend direction. Volatility Assessment: The width and expansion/contraction of the bands indicate market volatility. Support/Resistance Levels: Multiple band levels can serve as potential support and resistance areas. Overbought/Oversold Trading: Utilize OB/OS signals for potential reversal or pullback trades. Breakout Detection: Monitor price crossovers of the outermost bands for potential breakout trades. ⯁ USER INPUTS Length: Sets the lookback period for calculations (default: 100). Source: Defines the price data used for calculations (default: HLC3). Base ATR Multiplier: Adjusts the base width of the Keltner Channels (default: 0.1). Indicator Lines: Toggle to show additional indicator lines and signals (default: false). ⯁ TECHNICAL NOTES Implements a custom polynomial regression function for efficient trend calculation. Uses dynamic ATR-based volatility adjustment for adaptive channel width. Employs color gradients and opacity levels for intuitive visual representation of market conditions. Utilizes Pine Script's plotchar function for efficient rendering of signals and heatmaps. The Polynomial Regression Keltner Channel indicator offers traders a sophisticated tool for trend analysis, volatility assessment, and trade signal generation. By combining polynomial regression with dynamic Keltner Channels, it provides a comprehensive view of market structure and potential trading opportunities. The indicator's adaptability to different market conditions and its customizable nature make it suitable for various trading styles and timeframes.
Penunjuk Pine Script®
oleh ChartPrime
7
Enhanced Keltner TrendThe Enhanced Keltner Trend (EKT) indicator builds on the classic Keltner Channel, using volatility to define potential trend channels around a central moving average. It combines customizable volatility measures moving average, giving traders flexibility to adapt the trend channel to various market conditions. How It Works? MA Calculation: A user-defined moving average forms the central line (or price basis) of the Keltner Channel. Channel Width: The width of the Keltner Channel depends on market volatility. You can choose between two methods for measuring the volatility: ATR-based Width: Uses the Average True Range (ATR) with customizable periods and multipliers. Price Range Width: Uses the high and low price range over a defined period. Trend Signal: The trend is evaluated by price in relation to the Keltner Channel: Bullish Trend (Blue Line): When the price crosses above the upper band, it signals upward momentum. Bearish Trend (Orange Line): When the price crosses below the lower band, it signals downward momentum. What Is Unique? This Enhanced version of the Keltner Trend is for investors who want to have more control over the Keltner's channels calculation, so they can calibrate it to provide them more alpha when combined with other Technical Indicators. Use ATR: Gives the user the choice to use the ATR for the channel width calculation, or use the default High - Low over specified period. ATR Period: Users can modify ATR length to calculate the channels width (Volatility). ATR Multiplier: Users can fine-tune how much of the volatility they want to factor into the channels, providing more control over the final calculation. MA Period: Smoothing period for the Moving Averages. MA Type: Choosing from different Moving Averages types providing different smoothing types. Setting Alerts: Built-in alerts for trend detection: Bullish Trend: When price crosses the upper band, it signals a Bullish Signal (Blue Color) Bearish Trend: When price crosses the lower band, it signals a Bearish Signal (Orange Color) Credits to @jaggedsoft , it's a modified version of his.
Penunjuk Pine Script®
oleh ob9a
Keltner Center Of Gravity Channel ( KeltCOG )I have the ambition to create a ‘landscape’ which enables the user to see the ‘mood’ of the market about the price of an instrument, simply by looking where the candles go. Prices are a simple phenomenon , they go up or down or stay the same. This is represented quite well for the short term by a candle. I recommend to study candle patterns. Prices not only fluctuate but also trend up, down or go sideways. The user should analyze this by determining the COG (Center Of Gravity) and the ‘normal’ current range by using the historical data in a lookback period. As a COG the center line of a Donchian Channel is often used. I.m.o. a COG should be a zone, in this channel I use the gray zone of my Donchian Fibonacci Channel, The ‘normal’ range is a multiple of Average True Range, as used in a Keltner Channel. Combining the two can give a cumbersome result, as one can see in my Keltner Fibonacci Channel. In this KeltCOG channel I solved this by not using all Fibonacci levels and by making the Keltner lines strictly parallel to the nearest COG line. To do this, I use the fact that the COG lines have horizontal stretches, there I make the Keltner lines horizontal too. Only where the COG lines change value, the Keltner lines are recalculated. This way the channel gets a very regular shape with three clear zones. Interpretation of a chart by using the KeltCOG channel. Overbought: If the candles go higher then the blue zone, the market is hyper enthusiast, creating an overbought situation. This is often followed by a reversion to the COG. Uptrend: If the candles form in the blue zone, the market is enthusiast and willing to pay more. Hopeful: If the candles form in or near the upper uncolored zone, the market is hopeful and is thinking about paying more. Sometimes prices go a little up. Content: If the candles form in the gray zone, which represents COG, the market is happy with the current prices, so these move sideways Disappointed: If the candles form in or near the lower uncolored zone, the market is disappointed and contemplates paying less, sometimes prices go a little down. Downtrend: If the candles form in red zone, the market doesn’t like the instrument at all, rejects the current price and is only prepared to pay less. Oversold: If the candles form below the red zone, the market overdoes its disgust, creating an oversold situation, often followed by a reversion to the COG.
Penunjuk Pine Script®
oleh eykpunter
12
Keltner Channels Bands (RMA)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 strategies. This can often be paired with RSI for lower timeframe divergences Divergence This is using the RSI to calculate when price sets new lows/highs whilst the RSI movement is in the opposite direction. The way this is calculated is slightly different to traditional divergence scripts. instead of looking for pivot highs/lows in the RSI we are logging the RSI value when price makes it pivot highs/lows. Gradient Bands The Gradient Colouring on the bands is measuring how long price has been either side of the MA. As Keltner bands are commonly used as a mean reversion strategy, I thought it would be useful to see how long price has been trending in a certain direction, the stronger the colours get, the longer price has been trending that direction which could suggest we are looking for a retrace soon. Alerts Alerts included let you choose whether you want to receive an alert for the inside, outside or both band touches. To set up these alerts, simply toggle them on in the settings, then click on the 3 dots next to the indicators name, from there you click 'Add Alert'. From there you can customise the alert settings but make sure to leave the 2 top boxes which control the alert conditions. They will be default selected onto your correct settings, the rest you may want to change. Once you create the alert, it will then trigger as soon as price touches your chosen inside/outside band. Suggestions Please feel free to offer any suggestions which you think could improve the script Disclaimer The default settings/parameters were shared by Jimtalbott, feel free to play about with the and use this code to make your own strategies.
Penunjuk Pine Script®
oleh TradingWolf
12
mForex - Keltner channel + EMA Scalping systemTransaction setup parameters Time frame: M5, M15 Currency pair: EUR / USD , GPB / USD Transaction: London, USA Number of orders / day: 10 - 15 orders Trading strategies === BUY === Candles close on the upper Keltner EMA10 crosses the upper Keltner range from below Stop loss in the middle band or up to 12 pips Profit target: 15-25 pips === SELL === Candles close below Keltner below EMA10 crosses the Keltner range below from above Stop loss in the middle band or up to 12 pips Profit target: 15-25 pips
Penunjuk Pine Script®
oleh redf0x1
31
Keltner Channel - Trend Based StrategyThis strategy is based on 3 main indicators. 1st indicator is a trend indicator, which consists of SMA and EMA 2nd is Keltner Channel 3rd is DM indicator. The conditions for the entry of this strategy are following: First of all the assets need to be in an upward trend, this will occur when the EMA will cross SMA. The next condition for the entry is the opening and the closure of the candle. The open price of the candle should be in the upper part of the Keltner Channel and the close price should be above the Keltner channel. The third condition for the DM indicator is to be above a certain benchmakr. This benchmark can be set in the settings of the strategy. The strategy has two potential Take Profit levels and single stop-loss levels. For the more efficient way you may try an use the trailing stop or extend the number of take-profit levels.
Strategi Pine Script®
oleh Wunderbit
9
Rivanews Setup - Riva-Keltner, Média Rock [xdecow]This setup was created by Rivadavila S. Malheiros There are 2 Keltner Channels with exponential moving averages of 21 (riva) and 89 (rock) and ATR multiplier of 0.618. When the price is between the bands, it is a sign of consolidation (yellow). When the price is above the bands, it is an upward trend (green). When the price is below the bands, it is a downward trend (red). When the price crosses rock 89 and closes up / down, it may be a sign of a reversal. But it has a high probability of testing rock 89 again. ------------------------------------------------------------------------------------------ PT-BR Este setup foi criado por Rivadavila S. Malheiros São 2 Keltner Channels com médias móveis exponenciais de 21 (riva) e 89 (rock) e multiplicador do ATR de 0.618. Quando o preço está entre as bandas, é sinal de consolidação (amarelo). Quando o preço está acima das bandas, é uma tendencia de alta (verde). Quando o preço está abaixo das bandas, é uma tendencia de baixa (vermelho). Quando o preço cruza a rock 89 e fecha acima/abaixo, pode ser sinal de reversão. Mas tem uma alta probabilidade de testar a rock 89 novamente.
Penunjuk Pine Script®
oleh xdecow
8
Volume Weighted Keltner ChannelThis indicator provides a customizable implementation of Keltner Channels (KC), a volatility-based envelope designed to identify trend direction and potential reversal or breakout zones. It allows deep control over its core components and calculation methods. Key Features: Customizable Components: This implementation allows for full control over the channel's construction: Basis Line: Choose from a wide range of moving average types (e.g., EMA, SMA, WMA) for the central line. Volatility Bands: Select the volatility measure used to construct the bands: Average True Range (ATR), True Range (TR), or bar Range (High-Low). Volume Weighting: An option (Volume weighted) allows for volume to be incorporated into the calculation of both the basis moving average and the selected volatility measure (e.g., creating a Volume-Weighted ATR). This makes the channel more responsive to moves backed by high market participation. Logarithmic Scaling: The indicator includes an optional 'Normalize' mode that calculates the channel on a logarithmic scale. This creates bands that represent a constant percentage distance from the basis, making it a suitable tool for analyzing long-term trends in exponential markets. Multi-Timeframe (MTF) Engine: The indicator includes an MTF conversion block. When a Higher Timeframe (HTF) is selected, advanced options become available: Fill Gaps handles data gaps, and Wait for timeframe to close prevents repainting by ensuring the indicator only updates when the HTF bar closes. Integrated Alerts: Includes a full set of built-in alerts for the source price crossing over or under the upper band, lower band, and the central basis line. DISCLAIMER For Informational/Educational Use Only: This indicator is provided for informational and educational purposes only. It does not constitute financial, investment, or trading advice, nor is it a recommendation to buy or sell any asset. Use at Your Own Risk: All trading decisions you make based on the information or signals generated by this indicator are made solely at your own risk. No Guarantee of Performance: Past performance is not an indicator of future results. The author makes no guarantee regarding the accuracy of the signals or future profitability. No Liability: The author shall not be held liable for any financial losses or damages incurred directly or indirectly from the use of this indicator. Signals Are Not Recommendations: The alerts and visual signals (e.g., crossovers) generated by this tool are not direct recommendations to buy or sell. They are technical observations for your own analysis and consideration.
Penunjuk Pine Script®
oleh AustrianTradingMachine
Keltner Trend V3It'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 prices to check breakouts and not solely the close price (which is generally a false representative in historic analysis). My favorite lengths are 7, 14, and 21. There is no specific reason, they just seem to work well most of the time. You can (and should) optimize it to your purposes. Thanks to the original author @jaggedsoft this script is just a improved version of theirs.
Penunjuk Pine Script®
oleh TheParmak
5
Advanced Keltner ChannelsThis is a more advanced version of the standard Keltner Channels indicator. It allows you to change the type of the moving average (Simple, Exponential, Weighted, Volume-weighted, Triple EMA or a moving average that uses RSI ). The indicator also allows you to volume weight the indicator (turned on by default). If you want to weight the indicator against the true range instead of volume this is also possible. By default, this will be done automatically for assets that do not support volume .
Penunjuk Pine Script®
oleh modhelius
2
Keltner bounce from border. No repaint. V2 (by Zelibobla)WARNING: despite of strategy doesn't use future data (not repaints) it doesn't consider broker`s commissions, which can be harmful for real life high frequency trading. Strategy will definitely fail on non-ordinary security behavior. But if new behavior will get stable, tuned params should make strategy profitable again. This is the second version of this strategy I've added emergency stop-loss ordering, parametrized trade size and enabled to switch strategy entry mode. Now it looks good on bigger timeframes such as 5min (ES1!) on screenshot. You are welcome to bring new ideas to enhance performance.
Strategi Pine Script®
oleh zelibobla
7
Bollinger Bands + Keltner Channel Refurbished█ Goals This is an indicator that brings together Bollinger Bands and Keltner's Channels in one thing. Both are very similar, so I decided to make a merge of the best features I found out there. Here there is the possibility of choosing one of these two as needed. In addition, I added the following resources: 1. Pre-Defined intermediate bands with Fibonacci values; 2. Detachment of the bands in which the price was present; 3. Choice of Moving Average: "Simple", "Exponential", "Regularized Exponential", "Hull", "Arnaud Legoux", "Weighted Moving Average", "Least Squares Moving Average (Linear Regression)", "Volume Weighted Moving Average", "Smoothed Moving Average", "Median", "VWAP"); 4. Statistics: bars count within the bands. █ Concepts Keltner Channels vs. Bollinger Bands "These two indicators are quite similar. Keltner Channels use ATR to calculate the upper and lower bands while Bollinger Bands use standard deviation instead. The interpretation of the indicators is similar, although since the calculations are different the two indicators may provide slightly different information or trade signals." (Investopedia) Bollinger Bands (BB) "Bollinger Bands (BB) are a widely popular technical analysis instrument created by John Bollinger in the early 1980’s. Bollinger Bands consist of a band of three lines which are plotted in relation to security prices. The line in the middle is usually a Simple Moving Average (SMA) set to a period of 20 days (the type of trend line and period can be changed by the trader; however a 20 day moving average is by far the most popular). The SMA then serves as a base for the Upper and Lower Bands which are used as a way to measure volatility by observing the relationship between the Bands and price. Typically the Upper and Lower Bands are set to two standard deviations away from the SMA (The Middle Line); however the number of standard deviations can also be adjusted by the trader." (TradingView) Keltner Channels (KC) "The Keltner Channels (KC) indicator is a banded indicator similar to Bollinger Bands and Moving Average Envelopes. They consist of an Upper Envelope above a Middle Line as well as a Lower Envelope below the Middle Line. The Middle Line is a moving average of price over a user-defined time period. Either a simple moving average or an exponential moving average are typically used. The Upper and Lower Envelopes (user defined) are set a range away from the Middle Line. This can be a multiple of the daily high/low range, or more commonly a multiple of the Average True Range." (TradingView) █ Examples Bollinger Bands with 200 REMA: Keltner Channel with 200 REMA: Bollinger Bands with 55 ALMA: Keltner Channel with 55 ALMA: Bollinger Bands with 55 Least Squares Moving Average: █ Thanks - TradingView (BB, KC, ATR, MA's) - everget (Regularized Exponential Moving Average) - TimeFliesBuy ("Triple Bollinger Bands") - Rashad ("Fibonacci Bollinger Bands") - Dicargo_Beam ("Is the Bollinger Bands assumption wrong?")
Penunjuk Pine Script®
oleh andre_007
23