OPEN-SOURCE SCRIPT
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
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
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.