OPEN-SOURCE SCRIPT

KC+ST+FLI+EMA

100
KC+ST+FLI+EMA
This indicator can be used for double confirmation of tend using super trend and follow line indicators. It also check ema crossover for confirmation. One can use this with volume and momentum indicator .

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.
Basis = 20 Period EMA
Upper Envelope = 20 Period EMA + (2 X ATR)
Lower Envelope = 20 Period EMA - (2 X ATR)

What to look for

Trend Confirmation
During a Bullish Trend, a breakthrough above the upper envelope can be seen as a sign of strength and the uptrend is likely to continue.
During a Bearish Trend, a breakthrough below the lower envelope can be seen as a sign of strength and the downtrend is likely to continue.

Overbought and Oversold
When a market is choppy or trading sideways, Keltner Channels can be useful for identifying overbought and oversold conditions. These conditions can typically lead to price corrections where price moves back towards the moving average (Middle Line).

SuperTrend
Supertrend is ATR based tailing stop loss indicator.
It enters long whenever Supertrend changes its position from being above the chart to being below, and enters short when the opposite happens.

Follow Line Indicator
Follow Line Indicator is a trend following indicator. The blue or red lines are activated when price closes above the upper bollinger band and below lower one.

Exponential Moving Average (EMA)
The Exponential Moving Average (EMA) is a specific type of moving average that points towards the importance of the most recent data and information from the market. The Exponential Moving Average is just like it’s name says - it’s exponential, weighting the most recent prices more than the less recent prices. The EMA can be compared and contrasted with the simple moving average.
This can be used as crossover of triple ema or double ema. Like cross of 10ema and 50 ema as short term trend. and cross of 50 ema and 200 ema as long term trend.

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.