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SS Keltner Line

A customised Keltner Channel indicator designed for crash detection and mean-reversion entries on SPY and broad market indices. Unlike standard Keltner Channel implementations, this version uses an asymmetric band structure — a wider upper band for overbought detection and two tiered lower bands to distinguish between moderate and deep oversold conditions.
Band structure:
Upper band — EMA + 2.75 × ATR(10) — blue. Overbought / extended zone
Basis — 20-period EMA — yellow. Mean reversion target / take profit level
Lower band 2.0 — EMA − 2.0 × ATR(10) — green. First oversold zone, initial entry consideration
Lower band 2.5 — EMA − 2.5 × ATR(10) — red. Deep oversold zone, high-conviction entry
Visual fill zones:
Light blue fill between upper band and EMA — extended/overbought territory
Light green fill between EMA and lower 2.0 — mild pullback zone
Light red fill between lower 2.0 and lower 2.5 — deep crash zone, primary LEAPS entry region
Intended use:
On the weekly chart, a SPY close at or below the green lower band (2.0×) forms part of a multi-signal crash entry system. A close into the red zone (2.5×) represents an extreme reading historically associated with maximum fear entries. The EMA basis serves as the primary take-profit target on mean reversion.
Part of the SS LEAPS crash trading system. Best used on weekly timeframe alongside VIX RSI, Fear & Greed, S5TH breadth, and VX1!/VX2! backwardation signals.
Band structure:
Upper band — EMA + 2.75 × ATR(10) — blue. Overbought / extended zone
Basis — 20-period EMA — yellow. Mean reversion target / take profit level
Lower band 2.0 — EMA − 2.0 × ATR(10) — green. First oversold zone, initial entry consideration
Lower band 2.5 — EMA − 2.5 × ATR(10) — red. Deep oversold zone, high-conviction entry
Visual fill zones:
Light blue fill between upper band and EMA — extended/overbought territory
Light green fill between EMA and lower 2.0 — mild pullback zone
Light red fill between lower 2.0 and lower 2.5 — deep crash zone, primary LEAPS entry region
Intended use:
On the weekly chart, a SPY close at or below the green lower band (2.0×) forms part of a multi-signal crash entry system. A close into the red zone (2.5×) represents an extreme reading historically associated with maximum fear entries. The EMA basis serves as the primary take-profit target on mean reversion.
Part of the SS LEAPS crash trading system. Best used on weekly timeframe alongside VIX RSI, Fear & Greed, S5TH breadth, and VX1!/VX2! backwardation signals.
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这些信息和出版物并非旨在提供,也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神,该脚本的作者将其开源,以便交易者可以查看和验证其功能。向作者致敬!您可以免费使用该脚本,但请记住,重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供,也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。