shtcoinr

Keltner Channels Width

Similar to bollinger bands width , but for keltner channels , designed to recognize when a move is exhausted and contraction is to be expected.

Would use it as a filter to stay out of any trades if the indicator peaks (red color).

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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