wallneradam

Zero Lag Keltner Channels

This is Keltner Channelz (KC) with Zero Lag Moving Average (ZLMA as base). It is smoother and has less lag than the original ( EMA / SMA ) variant.

It also can be used as a trend indicator and trend confirmation indicator. The upper and lower bands are green if it is an up trend, and red if a down trend. If both have the same color it is a stronger trend.
Catatan Rilis:
  • dynamically colorized center line
  • dynamically colorized background: it will be green if all lines are green, red if all lines are red and gray otherwise
  • cleaned and commented code
Catatan Rilis: You can now select between Zero Lag EMA (ZLEMA) and Hull MA, which is similar low lag and smooth moving average.
Catatan Rilis:
  • Added ALMA (ARNAUD LEGOUX MOVING AVERAGE) to selectable moving average types
  • It measures the width of the channel and print it with blue color
Catatan Rilis:
  • Use function for MA selection
  • Different MAs for base line and range (ATR)
  • Added lagging moving averages for reference (SMA, EMA, RMA)
  • It can remove outliers by using stdev for True Range, the same idea as in my other indicator: "ATR Without Outliers" (ATRWO)
  • Fixed plotting channel width into data window only (TradingView removed the original method I used)
  • Added ATR into data window
Catatan Rilis: Fixed HMA
Catatan Rilis: Fixed range MA input name
Skrip open-source

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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