Keltner Channels around Hull MAKeltner Channels around Hull Moving Average
Script shared upon request. No guarantees on accuracy.
Keltnerchannel
Volatility BandsWe used Marc Chaikin’s Chaikin Volatility as somewhat of a baseline for this indicator and then built on it. Like Chaikin Volatility, our indicator draws primarily upon high-low spreads to quantify a security’s volatility. It also has similarities to Keltner Channels as it uses ATR rather than standard deviations in its calculation of the different bands.
Inputs:
int ‘len0’, lookback window for fast EMA of high-low ranges.
int ‘len1’, lookback window for slow EMA of high-low ranges.
int ‘len2’, lookback window for slow EMA of closing prices.
float ‘m0’, ATR multiplier for first upper and lower volatility bands.
float ‘m1’, ATR multiplier for second upper and lower volatility bands.
float ‘m2’, ATR multiplier for third upper and lower volatility bands.
int ‘lenATR’, window length for ATR calculation.
Output: 3 Upper and Lower Volatility Bands (6 total).
1. Compute High Low Spread for current period.
hlr = (high – low)
2. Calculate Exponential Moving Average of HLR at length len0
fastEMA = ema(hlr, len0)
3. Calculate Exponential Moving average of HLR at length len1 (where len1 > len0)
slowEMA = ema(hlr, len1)
4. Get EMA of closing prices at length len2(where len2 > len1 and len1 > len0)
priceEMA = ema(close, len2)
5. Use adjusted Chaikin Volatility Formula to quantify volatility
v = (fastEMA – slowEMA) / slowEMA
6. Calculate three upper and three lower volatility bands (6 total):
ex:
upper0 = priceEMA + ((1 – cv) * (atrMult0 * atr(lenATR)))
lower0 = priceEMA – ((1 – cv) * (atrMult0 * atr(lenATR)))
One possible way to use this indicator is to enter a long position when the security’s price falls below the lowest volatility band and then exit when it crosses above the third upper band. This seems to get the best results for quick, high frequency trading. Another approach is to enter a position when the bands begin to break out from a compact state and the width between them increases.
Still tweaking the idea, so any feedback would be appreciated.
Jurik Zones — SharkCIAHere we have modified a keltner channel calculated using the Jurik Moving Average. This is a cleaner and longer term version of JMA Channels.
Rumpy's McGinley's Dynamic Bollinger Bands and Keltner ChannelUses volume weighted (optional) applied to the McGinley Dynamic for the basis of either a Bollinger Band or Keltner Channel.
When volume weighting is enabled it uses a volume weighted standard deviation to calculate the bollinger width.
Keltner channel also uses the McGinley formula to calculate the ATR used to determine the width of the channel.
Both the 1x and 2x standard dev and ATR multiples had significant PA interaction so both intervals are plotted to the BB and KC.
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Keltner Channel :
Super Moving Average
Plots one of several types of moving average types
Supports ATR/Kelter Channels
Supports Bollinger Bands
Velocity squeezes shown on the moving average to identify possible turning points
Supports ATR based stop for MA Trend Reversals
MA Trend reversal alert conditions
See related Moving Average Ribbon script.
Jurik Channels — SharkCIAThis is a keltner channel calculated using the Jurik Moving Average.
Special thanks to auroagwei www.tradingview.com
Special thanks to everget www.tradingview.com
Improved Multi-Timeframe (MTF) 21 TRC - plots same as live dataThis multi-timeframe 21-period true range channel uses an improved calculation to accurately calculate the indicator's value with every new bar on the time frame your chart is set to. Previously the indicator only recalculated with every new update on the timeframe used in its security function. This means that this improved script plots the real, current value of your indicator across your chosen timeframes on your chart's resolution and no longer only plots only the indicator's monthly/weekly/daily/4 hour/ect closing value on the your chart.
This indicator uses a similar calculation the "Keltner Channel" indicator.
Input values are fixed to their default (close,21,3) configuration to make this indicator's improved calculation possible.
When using "Plot Higher Timeframe?" the script will set the indicator to only plot its value in closest larger timeframe. This option overrides the two following options. For example, when using the daily resolution , only the weekly value will plot, or when using the one hour (60m) resolution, only the 4 hour (240m) value will plot.
The "Omit Higher Timeframes?" option will set the indicator to only plot starting from the 1/2/3/4/5/6/7th closest larger timeframe. For example, when using the daily resolution and this option set to 0, all values from the weekly resolution and up will plot, but if set to 1, all values from the monthly resolution and up will plot instead.
The "Plot Yearly/Quarterly/Monthly/Weekly/Daily/4 Hour/1 Hour/15 Minute/5 Minute?" options allow enabling/disabling a specific timeframe. All are enabled by default. For example, if you do not want the yearly value of the indicator to ever plot, you can disable the "Plot Yearly?" option.
Keltner Averages [ROCHA]The averages 17, 34 and 66 are very good with keltner is best
Three moving averages for trend
17, 34 and 66
>66 buy only
<66 sell only
17>34 buy
17<34 sell
else against trend
use with 1 larger time and 1 smaller
>keltner buy strong
volume(1) and volume(2) and volume(3)
Keltner Channels Linda RaschkeThis channel is a second version designed by the famous american analyst Linda Raschke; it allows you to find the main trend and to implement a trend-following strategy. You can open a new long/short position when the price cross up the basis and the upper/lower band (jointly with other indicators).
Squeeze Momentum Indicator mod#3 This is a corrected version of Squeeze Indicator that initially was authored by LazyBear and modified by KıvanÇ @fr3762 (twitter)
Indicator description: www.forextrading-pips.com
Interpretation:
When both the upper and lower Bollinger Bands go inside the Keltner Channel, the squeeze is on.
When the Bollinger Bands (BOTH lines) start to come out of the Keltner Channel, the squeeze has been released (off).
When one of the Bollinger Bands is out of Keltner Channel, no highlighting is done.
List of all my indicators: www.tradingview.com
Keltner Channel Backtest 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.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
