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Dual Keltner ChannelsDual Keltner Channels (DKC) Indicator 📊 🔹 About This Indicator This indicator is an enhanced version of the original Keltner Channel available in TradingView. The Keltner Channel was initially designed as a volatility-based envelope around a moving average, helping traders identify trends, breakouts, and potential reversal zones. 💡 Original Creator: The Keltner Channel concept is based on the work of Chester W. Keltner and was later implemented in various trading platforms, including TradingView’s built-in Keltner Channel indicator. This script builds upon the TradingView version of the Keltner Channel, adding: ✅ Dual Keltner Bands (Inner & Outer) for better trend and volatility analysis. ✅ Customizable Moving Averages (EMA/SMA) for flexibility. ✅ Multiple Band Calculation Methods (ATR, True Range, Range) for improved accuracy. ✅ Shaded Zones Between the Bands for enhanced visual clarity. ⚡ Credit: This indicator is an enhancement of the original Keltner Channel Indicator in TradingView. All improvements and modifications are made to provide deeper market insights while maintaining the core principles of the original Keltner concept. 🔹 Overview The Dual Keltner Channels (DKC) indicator overlays two Keltner Channels on the price chart, helping traders spot trends, breakouts, and reversals with greater precision. Inner Keltner Band (Multiplier 1): Captures normal price movements. Outer Keltner Band (Multiplier 2): Highlights extreme price movements and potential breakouts. 🔹 Features & Inputs 📌 Main Inputs: Keltner Channel Length: Defines the lookback period for the moving average calculation. Source Price: Selects the price type (close, open, high, low) to calculate the bands. Exponential Moving Average (EMA) Option: Choose between Exponential (EMA) or Simple (SMA) as the basis for calculations. Bands Style: Selects how the volatility is measured: Average True Range (ATR) (default) True Range (TR) Range (High - Low) ATR Length: Determines the length of ATR calculations. Enable Multiplier 1 & 2: Toggle to display/hide inner (multiplier 1) and outer (multiplier 2) bands. 📌 Keltner Channels Calculation: Moving Average (MA): Uses either EMA or SMA for the midline. Volatility Band Calculation: Upper Band 1 (Inner Band): MA + (Multiplier 1 × Volatility Measure) Lower Band 1 (Inner Band): MA - (Multiplier 1 × Volatility Measure) Upper Band 2 (Outer Band): MA + (Multiplier 2 × Volatility Measure) Lower Band 2 (Outer Band): MA - (Multiplier 2 × Volatility Measure) 📌 Visuals & Plotting: Inner Bands (Multiplier 1): Blue upper & lower lines. Outer Bands (Multiplier 2): Darker blue upper & lower lines. Basis Line: White moving average. Shaded Areas: Between Upper 1 & Upper 2 (Light Brown Area): Identifies the upper Keltner region. Between Lower 1 & Lower 2 (Light Brown Area): Identifies the lower Keltner region. 🔹 How to Use the Dual Keltner Channels Indicator ✅ 1. Trend Identification Price above the upper outer band (Multiplier 2): Strong uptrend – potential continuation. Price below the lower outer band (Multiplier 2): Strong downtrend – potential continuation. Price within the inner bands (Multiplier 1): Sideways market – possible consolidation. ✅ 2. Breakout Trading Break above outer upper band: Indicates a bullish breakout – consider long trades. Break below outer lower band: Indicates a bearish breakdown – consider short trades. ✅ 3. Overbought & Oversold Conditions Price touching/exceeding outer bands (Multiplier 2): Potential reversal zones. Reversal confirmation: Look for candlestick patterns (e.g., Doji, Engulfing) or divergence signals. ✅ 4. Pullback & Entry Zones Price bouncing from inner bands (Multiplier 1): Good re-entry point in trend direction. Inner band as support/resistance: Helps in setting stop-loss and profit targets. 🔹 Effective Trading Strategies Using DKC 📌 1. Trend Following Strategy (Using Moving Average & Bands) ✅ Look for price staying above/below the basis line (MA) within the outer bands. ✅ Use pullbacks to the inner bands as re-entry points for trend continuation. ✅ Confirm trend strength with momentum indicators like RSI, MACD. 📌 2. Breakout Trading Strategy ✅ Identify a tight consolidation phase within the inner Keltner bands. ✅ Wait for a strong breakout beyond the outer bands. ✅ Enter long/short trades based on breakout direction. ✅ Place stop-loss at the previous inner band to manage risk. 📌 3. Reversal Strategy (Mean Reversion) ✅ When price extends beyond the outer band (Multiplier 2), look for reversal signals (candlestick patterns, RSI divergence). ✅ Enter counter-trend trades with tight stop-loss beyond the band. ✅ Target the moving average (basis line) as take-profit. 🔹 Final Thoughts 💡 The Dual Keltner Channels (DKC) is a powerful upgrade to the standard Keltner Channel, providing: ✅ Greater clarity on trend strength ✅ More precise breakout & reversal signals ✅ Better visual insights for dynamic market conditions 📌 Best Used With: RSI, MACD, Volume Profile, Price Action Signals. 📌 Works on: Stocks, Forex, Crypto, Commodities, Indices.
Indikator Pine Script®
oleh jochacko11
Advanced Keltner Channel/Oscillator [MyTradingCoder]This indicator combines a traditional Keltner Channel overlay with an oscillator, providing a comprehensive view of price action, trend, and momentum. The core of this indicator is its advanced ATR calculation, which uses statistical methods to provide a more robust measure of volatility. Starting with the overlay component, the center line is created using a biquad low-pass filter applied to the chosen price source. This provides a smoother representation of price than a simple moving average. The upper and lower channel lines are then calculated using the statistically derived ATR, with an additional set of mid-lines between the center and outer lines. This creates a more nuanced view of price action within the channel. The color coding of the center line provides an immediate visual cue of the current price momentum. As the price moves up relative to the ATR, the line shifts towards the bullish color, and vice versa for downward moves. This color gradient allows for quick assessment of the current market sentiment. The oscillator component transforms the channel into a different perspective. It takes the price's position within the channel and maps it to either a normalized -100 to +100 scale or displays it in price units, depending on your settings. This oscillator essentially shows where the current price is in relation to the channel boundaries. The oscillator includes two key lines: the main oscillator line and a signal line. The main line represents the current position within the channel, smoothed by an exponential moving average (EMA). The signal line is a further smoothed version of the oscillator line. The interaction between these two lines can provide trading signals, similar to how MACD is often used. When the oscillator line crosses above the signal line, it might indicate bullish momentum, especially if this occurs in the lower half of the oscillator range. Conversely, the oscillator line crossing below the signal line could signal bearish momentum, particularly if it happens in the upper half of the range. The oscillator's position relative to its own range is also informative. Values near the top of the range (close to 100 if normalized) suggest that price is near the upper Keltner Channel band, indicating potential overbought conditions. Values near the bottom of the range (close to -100 if normalized) suggest proximity to the lower band, potentially indicating oversold conditions. One of the strengths of this indicator is how the overlay and oscillator work together. For example, if the price is touching the upper band on the overlay, you'd see the oscillator at or near its maximum value. This confluence of signals can provide stronger evidence of overbought conditions. Similarly, the oscillator hitting extremes can draw your attention to price action at the channel boundaries on the overlay. The mid-lines on both the overlay and oscillator provide additional nuance. On the overlay, price action between the mid-line and outer line might suggest strong but not extreme momentum. On the oscillator, this would correspond to readings in the outer quartiles of the range. The customizable visual settings allow you to adjust the indicator to your preferences. The glow effects and color coding can make it easier to quickly interpret the current market conditions at a glance. Overlay Component: The overlay displays Keltner Channel bands dynamically adapting to market conditions, providing clear visual cues for potential trend reversals, breakouts, and overbought/oversold zones. The center line is a biquad low-pass filter applied to the chosen price source. Upper and lower channel lines are calculated using a statistically derived ATR. Includes mid-lines between the center and outer channel lines. Color-coded based on price movement relative to the ATR. Oscillator Component: The oscillator component complements the overlay, highlighting momentum and potential turning points. Normalized values make it easy to compare across different assets and timeframes. Signal line crossovers generate potential buy/sell signals. Advanced ATR Calculation: Uses a unique method to compute ATR, incorporating concepts like root mean square (RMS) and z-score clamping. Provides both an average and mode-based ATR value. Customizable Visual Settings: Adjustable colors for bullish and bearish moves, oscillator lines, and channel components. Options for line width, transparency, and glow effects. Ability to display overlay, oscillator, or both simultaneously. Flexible Parameters: Customizable inputs for channel width multiplier, ATR period, smoothing factors, and oscillator settings. Adjustable Q factor for the biquad filter. Key Advantages: Advanced ATR Calculation: Utilizes a statistical method to generate ATR, ensuring greater responsiveness and accuracy in volatile markets. Overlay and Oscillator: Provides a comprehensive view of price action, combining trend and momentum analysis. Customizable: Adjust settings to fine-tune the indicator to your specific needs and trading style. Visually Appealing: Clear and concise design for easy interpretation. The ATR (Average True Range) in this indicator is derived using a sophisticated statistical method that differs from the traditional ATR calculation. It begins by calculating the True Range (TR) as the difference between the high and low of each bar. Instead of a simple moving average, it computes the Root Mean Square (RMS) of the TR over the specified period, giving more weight to larger price movements. The indicator then calculates a Z-score by dividing the TR by the RMS, which standardizes the TR relative to recent volatility. This Z-score is clamped to a maximum value (10 in this case) to prevent extreme outliers from skewing the results, and then rounded to a specified number of decimal places (2 in this script). These rounded Z-scores are collected in an array, keeping track of how many times each value occurs. From this array, two key values are derived: the mode, which is the most frequently occurring Z-score, and the average, which is the weighted average of all Z-scores. These values are then scaled back to price units by multiplying by the RMS. Now, let's examine how these values are used in the indicator. For the Keltner Channel lines, the mid lines (top and bottom) use the mode of the ATR, representing the most common volatility state. The max lines (top and bottom) use the average of the ATR, incorporating all volatility states, including less common but larger moves. By using the mode for the mid lines and the average for the max lines, the indicator provides a nuanced view of volatility. The mid lines represent the "typical" market state, while the max lines account for less frequent but significant price movements. For the color coding of the center line, the mode of the ATR is used to normalize the price movement. The script calculates the difference between the current price and the price 'degree' bars ago (default is 2), and then divides this difference by the mode of the ATR. The resulting value is passed through an arctangent function and scaled to a 0-1 range. This scaled value is used to create a color gradient between the bearish and bullish colors. Using the mode of the ATR for this color coding ensures that the color changes are based on the most typical volatility state of the market. This means that the color will change more quickly in low volatility environments and more slowly in high volatility environments, providing a consistent visual representation of price momentum relative to current market conditions. Using a good IIR (Infinite Impulse Response) low-pass filter, such as the biquad filter implemented in this indicator, offers significant advantages over simpler moving averages like the EMA (Exponential Moving Average) or other basic moving averages. At its core, an EMA is indeed a simple, single-pole IIR filter, but it has limitations in terms of its frequency response and phase delay characteristics. The biquad filter, on the other hand, is a two-pole, two-zero filter that provides superior control over the frequency response curve. This allows for a much sharper cutoff between the passband and stopband, meaning it can more effectively separate the signal (in this case, the underlying price trend) from the noise (short-term price fluctuations). The improved frequency response of a well-designed biquad filter means it can achieve a better balance between smoothness and responsiveness. While an EMA might need a longer period to sufficiently smooth out price noise, potentially leading to more lag, a biquad filter can achieve similar or better smoothing with less lag. This is crucial in financial markets where timely information is vital for making trading decisions. Moreover, the biquad filter allows for independent control of the cutoff frequency and the Q factor. The Q factor, in particular, is a powerful parameter that affects the filter's resonance at the cutoff frequency. By adjusting the Q factor, users can fine-tune the filter's behavior to suit different market conditions or trading styles. This level of control is simply not available with basic moving averages. Another advantage of the biquad filter is its superior phase response. In the context of financial data, this translates to more consistent lag across different frequency components of the price action. This can lead to more reliable signals, especially when it comes to identifying trend changes or price reversals. The computational efficiency of biquad filters is also worth noting. Despite their more complex mathematical foundation, biquad filters can be implemented very efficiently, often requiring only a few operations per sample. This makes them suitable for real-time applications and high-frequency trading scenarios. Furthermore, the use of a more sophisticated filter like the biquad can help in reducing false signals. The improved noise rejection capabilities mean that minor price fluctuations are less likely to cause unnecessary crossovers or indicator movements, potentially leading to fewer false breakouts or reversal signals. In the specific context of a Keltner Channel, using a biquad filter for the center line can provide a more stable and reliable basis for the entire indicator. It can help in better defining the overall trend, which is crucial since the Keltner Channel is often used for trend-following strategies. The smoother, yet more responsive center line can lead to more accurate channel boundaries, potentially improving the reliability of overbought/oversold signals and breakout indications. In conclusion, this advanced Keltner Channel indicator represents a significant evolution in technical analysis tools, combining the power of traditional Keltner Channels with modern statistical methods and signal processing techniques. By integrating a sophisticated ATR calculation, a biquad low-pass filter, and a complementary oscillator component, this indicator offers traders a comprehensive and nuanced view of market dynamics. The indicator's strength lies in its ability to adapt to varying market conditions, providing clear visual cues for trend identification, momentum assessment, and potential reversal points. The use of statistically derived ATR values for channel construction and the implementation of a biquad filter for the center line result in a more responsive and accurate representation of price action compared to traditional methods. Furthermore, the dual nature of this indicator – functioning as both an overlay and an oscillator – allows traders to simultaneously analyze price trends and momentum from different perspectives. This multifaceted approach can lead to more informed decision-making and potentially more reliable trading signals. The high degree of customization available in the indicator's settings enables traders to fine-tune its performance to suit their specific trading styles and market preferences. From adjustable visual elements to flexible parameter inputs, users can optimize the indicator for various trading scenarios and time frames. Ultimately, while no indicator can predict market movements with certainty, this advanced Keltner Channel provides traders with a powerful tool for market analysis. By offering a more sophisticated approach to measuring volatility, trend, and momentum, it equips traders with valuable insights to navigate the complex world of financial markets. As with any trading tool, it should be used in conjunction with other forms of analysis and within a well-defined risk management framework to maximize its potential benefits.
Indikator Pine Script®
oleh JacobMagleby
Williams Vix Fix BB + RVI & Squeeze (Keltner) filtered BBW + %BLegend: - When line touches or crosses red band it is Top signal (Williams Vix Fix) - When line touches or crosses blue band it is Bottom signal (Williams Vix Fix) - Red dot at the top of indicator is a Top signal (Relative Volatility Index) - Blue dot at the top of indicator is a Bottom signal (Relative Volatility Index) - Gray dot at the bottom of indicator is a Keltner Squeeze signal (filtered by either BBW or %B) - Silver dot at the bottom of indicator is a weaker Keltner Squeeze signal (Doesn't meet either BBW or %B filter) - Purple is a 'Half Squeeze' only 1 Bollinger Band crossed the Keltner Channel This is an attempt to make use of the main features of all 6 of these Volatility tools : - Williams Vix Fix + Bollinger Bands - Relative Volatility Index (RVI) - The crossing of Keltner Channel by the Bollinger Bands (Squeeze) Conditions to Help Filter Keltner Squeeze: - When the Bollinger Bands Width (BBW) value is lower than the lowest value within a period plus a margin of error (percentage) - When the %B value reaches the alert level detailed in LazyBears indicator. () If it meets one of these 2 filters and there is a Keltner Channel Squeeze than gray color or else if the squeeze doesn’t meet one of the 2 filters than silver color (weaker Squeeze). The goal is to find the best tool to find bottoms and top relative to volatility and filter the squeeze. The idea is that both Williams Vix Fix + Bollinger Bands and Relative Volatility Index both already give the main volatility bottom and top so combining them to compare and validate the signals makes sense. (Note: Bottom signal is more accurate than top). In addition, I added the squeeze to show the potential breakout pressure and to compliment bottom and top signals. For ideas on how to continue this work : I encourage ideas to combine the Williams Vix Fix and Relative Volatility Index for volatility top and bottom (with probability would be awesome) And I encourage ideas to filter Keltner Channel Volatility Squeeze using both the BBW or %B or other volatility squeeze indicators or a combination of all of them. Also, I encourage people to post their top parameters for the BBW and %B to filter the Keltner Squeeze in the comments or to send me them by chat relative to this indicator. Half the battle is making the indicator, while the other half is tuning the parameters. The current parameters are one of the least aggressive, and act as a mild filter. Note: You can also change the threshold for RVI top and bottom. And this work builds on my last indicator: If you have ideas on this work or have ideas on potential combinations please message me, I always want to learn or get perspective on how it can be improved. Sharing is how we get better (Parameter tuning, ideas, discussion) I don’t reinvent the wheel, just trying to make the wheel better.
Indikator Pine Script®
oleh KevInnerTrading
2
Candle/Keltner Channels BUY SELLWhy Use Candlesticks? They help traders visualize price action Used in technical analysis and price pattern recognition (e.g., Doji, Engulfing, Hammer) Assist in determining entry and exit points Why Traders Use Keltner Channels? Keltner Channels are widely used by traders for identifying trends, detecting volatility, and spotting trade opportunities. 1. Trend Identification The middle line (EMA) shows the general trend. If price consistently stays above the middle line, it indicates a strong uptrend. If price stays below, it signals a downtrend. Use: Traders follow the trend direction to enter trades in line with momentum. 2. Volatility Measurement The width of the channel expands and contracts based on Average True Range (ATR). Wider channels = high volatility, tighter channels = low volatility. Use: Helps traders decide when to expect breakouts or calm periods. 3. Breakout Signals A break above the upper band can signal a bullish breakout. A break below the lower band can signal a bearish breakout. Use: Traders use this for momentum trading and breakout entries. 4. Overbought/Oversold Conditions Price touching or crossing the upper band may suggest it's overbought. Price touching or crossing the lower band may suggest it's oversold. Use: Traders combine this with RSI or MACD to confirm reversal setups. 5. Trade Entry and Exit When price pulls back to the middle EMA during a trend, it may present a buy/sell opportunity. Exits can also be planned if price returns inside the bands after a breakout. Use: Helps with precise entry and exit timing. 6. Combines Well With Other Indicators Commonly used with: RSI (for confirmation) MACD (for momentum) Candlestick patterns (for price action signals) Combining Candlestick Patterns with Keltner Channels gives traders a powerful method to confirm entries, spot reversals, and improve accuracy. Here’s why this combination works so well: 1. Context for Candlestick Signals Candlestick patterns (like doji, engulfing, or pin bars) show potential price reversals, but they need context to be reliable. Keltner Channels provide that context: A bullish candlestick near the lower band suggests a stronger buy signal. A bearish candlestick near the upper band strengthens a sell signal. 2. Filtering False Signals Candlestick patterns occur frequently, and not all are meaningful. The location within the Keltner Channel helps filter out weak or false patterns. Example: A bullish engulfing candle outside the lower band = high-probability reversal. 3. Improved Entry Timing Traders wait for a candlestick pattern confirmation when price touches or crosses a Keltner band. This avoids premature entries and allows tighter stop-losses. 4. Better Risk-Reward Setup Candlestick entry near channel extremes (upper/lower band) lets traders place stop-losses just beyond recent highs/lows. The target can be the opposite side of the channel or the middle EMA. 5. Visual Simplicity Keltner Channels + Candles are visually intuitive. Even beginner traders can easily recognize: Overextended candles near channel edges. Confirmed breakouts or reversals. This Timeframe 5 min : XAUUSD
Indikator Pine Script®
oleh dudedicate26
samc's - Keltner OscillatorThe KELTNER CHANNEL is a widely used technical indicator developed in the 60's by Chester W. Keltner who described it in his 1960 book How To Make Money in Commodities. so i took the logic, simplified the code and made into an oscillator. to add a flavor of modern times you can choose among 10 different colorways themes in the settings. (so traders can adjust it for dark or light charts) Although the initial idea was developed for stocks and commodities, I've carefully back tested this as an oscillator across FX MAJORS , MINORS and high liquidity stocks for the use case of scalping and Medium term trade ideas. now, this indicator works successfully over all time frames, custom time frames and all assets. This script builds on the same approach as my earlier session tool — keeping things clean, visual, and easy to read. I intend to publish more of my work as i develop them from Beta ideas into stable scripts, and i welcome feedback.
Indikator Pine Script®
oleh Drsamc
DD Keltner Channels (1-3 ATR)This indicator creates Keltner Channels with 1, 2, and 3 ATR multipliers, allowing you to visualize different volatility levels around a moving average. It's specifically created for people taking the "Deep Dip Buy" stock trading course, and attempts to provide a ready-to-go solution for those struggling with configuring the default Keltner indicator on TradingView to suit their needs for the course. Any input from students or the instructor is welcome to improve this indicator so it offers more value to those looking to learn how to trade. Features: - Uses SMA or EMA as the base (20-period default) - Displays 6 lines: +3, +2, +1, -1, -2, and -3 ATR levels - Color-coded for easy identification: • +/-1 ATR: Green • +/-2 ATR: Light Gray (thin) • +/-3 ATR: Dark Gray (thick)
Indikator Pine Script®
oleh AlexBarclay
1
DUCANH - KELTNER CHANNELS + EMA STRATEGY This is a strategy/combination of warning indicators using 3EMA and Keltner Channels. I set up this strategy with the aim of reducing analytical labor in the market. When this strategy warns signals, then buy or sell. This strategy setup works for timeframes, however it can still work for different timeframes. It works well with Gold in various timeframes. If you want to apply it to other currency pairs, you must fine-tune the parameters for maximum efficiency. The strategy details are as follows: Ingredient: EMA50 + EMA120 + SMA Keltner Channels Long position Alert: EMA50 is above EMA120 The candlestick touches the lower KC band Long position alert will trigger when the candlestick reaches the above conditions and the candlestick starts crossing up to the SMA Short position Alert: EMA50 is below EMA120 The candlestick touches the upper KC band A short position alert will trigger when the candlestick reaches the above conditions and starts crossing down to SMA Recommended RR: 1:3 If you have any questions please let me know !
Indikator Pine Script®
oleh Ducanhdavinci
1
RSI, STOCHASTIC, KELTNER AND EMA CROSSES COMBINEDI have combined RSI and Stochastic but also added an keltner channel and then also two EMA's. How the indicator works is the background turns green when the rsi and stochastic are below 20 and the keltner channel is below X and also your fast ema is below your slow ema and then vice versa for sell signals. Feel free to leave a comment on what you think and what could be improved on it because i know their is some fine tuning to do and some improvement that can be made and I'm sure i'll be updating this myself. All the variables are interchangable and the indicator has alert functionality.
Indikator Pine Script®
oleh TC1909
18
KPOS (Keltner Position)Shows closing prices relative to dynamic keltner channel (STARC bands), normalized as oscillator. Default settings are same as Adam H Grimes' who has posted some statistics on the bands. KPOS values show position of closing price relative to lower bands (as a percentage), such that 0 = lower band, 50 = ema (midpoint), and 100 = upper band. Bands can be widened or narrowed by adjusting ATR Multiple. Best used with confluence of support and resistance to identify momentum breakouts, continuations, and divergences.
Indikator Pine Script®
oleh DStyles
3