Keltner Channel %K

Indicator display where price is in relation to the bands of Keltner Channel (20,2)

A. Keltner Channe Info
1. Basis = EMA(close,20)
2. Upper Band = Basis + 2 x ATR(14)
3. Lower Band = Basis - 2 x ATR(14)

B. %K Info
1. %K Above 1 = Price is Above the Upper Band
2. %K Below 0 = Price is Below the Lower Band
3. %K Above 0.8 = Price is Nearing the Upper Band
4. %K Below 0.2 = Price is Nearing the Lower Band