Channels indicators are widely used in technical analysis, they provide lot of information. In general, technical indicators giving upper/lower extremities are calculated by adding/subtracting a volatility component to a central tendency estimator. This is the case with Bollinger bands, using the rolling standard deviation as volatility estimator and...
A cleaner aesthetic and an introduction to the indicator's uses.
I would also be very appreciative of any Keltner Channels related ideas or concepts you may have run across to add features to this indicator.
I decided to make this formerly invite only script public (you can find the invite only version here
If you are part of the invite only you don't need to change scripts. I will push improvements first on the invite only script but in time it will come to this version as well.
I would love to know your ideas...
This is a simple Day Trade indicator, but can be used for swing and long term trades.
It is based on Donchian Channels to detect trend and point out resistance or support breakouts using arrows.
The bars ared colored when a breakout occurs. When a resistance breakout occurs the current and the next bars are colored green (default) and when a support breakout...
A Double Exponential Moving Average (DEMA) with three sets of channel lines each one Average True Range (ATR) apart, above and below the DEMA.
Similar to my "ATR Channels" indicator, but using a DEMA instead of an EMA for the base. In addition, this indicator also plots a fast DEMA as well as a fill between the two. Fully customizable, you can toggle both DEMAs,...
The Keltner Channel, a classic indicator
of technical analysis developed by Chester Keltner in 1960.
The indicator is a bit like Bollinger Bands and Envelopes.
- This script to change bars colors.