Please do not use the previous version (www.tradingview.com/v/WH1PVDTO/), I was using wrong colors for Bull/Bear there.
All options configurable.
Reversals are marked using crosses. as well as highlighted using green/red color (depending on bull/bear). Enjoy!
All options configurable.
Reversals are marked using crosses. as well as highlighted using green/red color (depending on bull/bear). Enjoy!
List of my free indicators: bit.ly/1LQaPK8
List of my indicators at Appstore: blog.tradingview.com/?p=970
List of my indicators at Appstore: blog.tradingview.com/?p=970
// // @author LazyBear // @credits Formula taken from http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:keltner_channels // v02 - fixed the bull/bear colors, I accidentally switched them in the prev ver. // v01 - initial release // study(title="Keltner Channel [LazyBear]", overlay=true) offset = 1 lengthMiddle = input(20, title="MiddleEMA") channelATR = input(10, title="Channel wall ATR") channelWidth = input(2, title = "Channel Width") showBarColor = input(true, title="Highlight Bear/Bull indicators?", type=bool) emaVal = ema(close,lengthMiddle) upperVal = emaVal + channelWidth * atr(channelATR) lowerVal = emaVal - channelWidth * atr(channelATR) middle_line = plot(emaVal, style=circles, linewidth=2) upper_line = plot(upperVal) lower_line = plot(lowerVal) fill(upper_line, lower_line, color=green, transp=80) bearish = low < lowerVal bear_point = bearish ? (low-offset) : na bear_color = bearish ? red : na bullish = high > upperVal bull_point = bullish ? (high+offset) : na bull_color = bullish ? green : na bar_color = bearish ? bear_color : (bullish ? bull_color : na) plot(bear_point, color = bear_color, style=cross, linewidth=2) plot(bull_point, color = bull_color, style=cross, linewidth=2) bgcolor(showBarColor ? bar_color : na)