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Keltner Channel MTF Oscillator
OVERVIEW
The Keltner Channel MTF Oscillator brings eight intraday Keltner Channels into one normalized oscillator pane, making it easier to compare trend, volatility, and price location across multiple timeframes without stacking indicators.
INCLUDED TIMEFRAMES
• 1 minute
• 3 minutes
• 5 minutes
• 15 minutes
• 30 minutes
• 1 hour
• 2 hours
• 4 hours
Every timeframe can be enabled or disabled independently.
HOW IT WORKS
Each channel uses an EMA centerline with ATR-based upper and lower bands. The EMA length, ATR length, ATR multiplier, and source are adjustable.
All plotted values are normalized against the 4-hour Keltner Channel:
• 4H upper band = +100
• 4H basis = 0
• 4H lower band = -100
The thick white line represents the current chart-timeframe price source. The colored envelopes display the upper band, basis, and lower band for each enabled timeframe.
FEATURES
• Eight independently toggleable timeframes
• Colored multi-timeframe channel envelopes
• Optional basis lines and channel fills
• Adjustable EMA and ATR settings
• Optional strict -100 to +100 clamping
• Clear 4-hour reference levels
• Separate oscillator pane
INTERPRETATION
Values above zero place price above the 4-hour Keltner basis, while values below zero place it beneath the basis. Readings near +100 approach the 4-hour upper channel, and readings near -100 approach the lower channel.
Channel compression can highlight volatility contraction. Expansion or separation between timeframe channels can help reveal increasing volatility or disagreement across timeframes.
When clamping is disabled, values may exceed +/-100, allowing breakouts beyond the 4-hour envelope to remain visible.
NOTES
Higher-timeframe values can change until their corresponding candles close. Lower-timeframe information displayed on a higher-timeframe chart is sampled according to TradingView's multi-timeframe behavior.
This indicator is intended for informational and educational purposes only. It is not financial advice and does not guarantee future results.
The Keltner Channel MTF Oscillator brings eight intraday Keltner Channels into one normalized oscillator pane, making it easier to compare trend, volatility, and price location across multiple timeframes without stacking indicators.
INCLUDED TIMEFRAMES
• 1 minute
• 3 minutes
• 5 minutes
• 15 minutes
• 30 minutes
• 1 hour
• 2 hours
• 4 hours
Every timeframe can be enabled or disabled independently.
HOW IT WORKS
Each channel uses an EMA centerline with ATR-based upper and lower bands. The EMA length, ATR length, ATR multiplier, and source are adjustable.
All plotted values are normalized against the 4-hour Keltner Channel:
• 4H upper band = +100
• 4H basis = 0
• 4H lower band = -100
The thick white line represents the current chart-timeframe price source. The colored envelopes display the upper band, basis, and lower band for each enabled timeframe.
FEATURES
• Eight independently toggleable timeframes
• Colored multi-timeframe channel envelopes
• Optional basis lines and channel fills
• Adjustable EMA and ATR settings
• Optional strict -100 to +100 clamping
• Clear 4-hour reference levels
• Separate oscillator pane
INTERPRETATION
Values above zero place price above the 4-hour Keltner basis, while values below zero place it beneath the basis. Readings near +100 approach the 4-hour upper channel, and readings near -100 approach the lower channel.
Channel compression can highlight volatility contraction. Expansion or separation between timeframe channels can help reveal increasing volatility or disagreement across timeframes.
When clamping is disabled, values may exceed +/-100, allowing breakouts beyond the 4-hour envelope to remain visible.
NOTES
Higher-timeframe values can change until their corresponding candles close. Lower-timeframe information displayed on a higher-timeframe chart is sampled according to TradingView's multi-timeframe behavior.
This indicator is intended for informational and educational purposes only. It is not financial advice and does not guarantee future results.
オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者はコードをオープンソースとして公開してくれました。トレーダーが内容を確認・検証できるようにという配慮です。作者に拍手を送りましょう！無料で利用できますが、コードの再公開はハウスルールに従う必要があります。
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。
オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者はコードをオープンソースとして公開してくれました。トレーダーが内容を確認・検証できるようにという配慮です。作者に拍手を送りましょう！無料で利用できますが、コードの再公開はハウスルールに従う必要があります。
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。