OPEN-SOURCE SCRIPT
Enhanced Keltner Channels [victhoreb]
The Enhanced Keltner Channels indicator is a dynamic, volatility-based tool designed to adapt to changing market conditions. It uses a combination of linear regression and a refined volatility measurement to generate a smooth central trend line and adaptive channel boundaries.
Central Basis Line:
The indicator computes a basis line using a linear regression of the mid-price (hl2) over a user-defined period. This provides a more stable and trend-sensitive central reference compared to traditional moving averages.
Adaptive Channel:
Instead of using the typical Average True Range (ATR) to calculate the bands, this version uses the average distance between the price and the basis.
Use the Enhanced Keltner Channels to help identify potential breakout opportunities, assess market volatility, and refine your entry and exit strategies based on dynamically changing price behavior.
Central Basis Line:
The indicator computes a basis line using a linear regression of the mid-price (hl2) over a user-defined period. This provides a more stable and trend-sensitive central reference compared to traditional moving averages.
Adaptive Channel:
Instead of using the typical Average True Range (ATR) to calculate the bands, this version uses the average distance between the price and the basis.
Use the Enhanced Keltner Channels to help identify potential breakout opportunities, assess market volatility, and refine your entry and exit strategies based on dynamically changing price behavior.
Script de código aberto
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.
For quick access on a chart, add this script to your favorites — learn more here.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Script de código aberto
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.
For quick access on a chart, add this script to your favorites — learn more here.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.