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Enhanced Keltner Trend
The Enhanced Keltner Trend (EKT) indicator builds on the classic Keltner Channel, using volatility to define potential trend channels around a central moving average. It combines customizable volatility measures moving average, giving traders flexibility to adapt the trend channel to various market conditions.
How It Works?
MA Calculation:
A user-defined moving average forms the central line (or price basis) of the Keltner Channel.
Channel Width:
The width of the Keltner Channel depends on market volatility.
You can choose between two methods for measuring the volatility:
ATR-based Width: Uses the Average True Range (ATR) with customizable periods and multipliers.
Price Range Width: Uses the high and low price range over a defined period.
Trend Signal:
The trend is evaluated by price in relation to the Keltner Channel:
Bullish Trend (Blue Line): When the price crosses above the upper band, it signals upward momentum.
Bearish Trend (Orange Line): When the price crosses below the lower band, it signals downward momentum.
What Is Unique?
This Enhanced version of the Keltner Trend is for investors who want to have more control over the Keltner's channels calculation, so they can calibrate it to provide them more alpha when combined with other Technical Indicators.
Use ATR: Gives the user the choice to use the ATR for the channel width calculation, or use the default High - Low over specified period.
ATR Period: Users can modify ATR length to calculate the channels width (Volatility).
ATR Multiplier: Users can fine-tune how much of the volatility they want to factor into the channels, providing more control over the final calculation.
MA Period: Smoothing period for the Moving Averages.
MA Type: Choosing from different Moving Averages types providing different smoothing types.
Setting Alerts:
Built-in alerts for trend detection:
Bullish Trend: When price crosses the upper band, it signals a Bullish Signal (Blue Color)
Bearish Trend: When price crosses the lower band, it signals a Bearish Signal (Orange Color)
Credits to jaggedsoft , it's a modified version of his.
How It Works?
MA Calculation:
A user-defined moving average forms the central line (or price basis) of the Keltner Channel.
Channel Width:
The width of the Keltner Channel depends on market volatility.
You can choose between two methods for measuring the volatility:
ATR-based Width: Uses the Average True Range (ATR) with customizable periods and multipliers.
Price Range Width: Uses the high and low price range over a defined period.
Trend Signal:
The trend is evaluated by price in relation to the Keltner Channel:
Bullish Trend (Blue Line): When the price crosses above the upper band, it signals upward momentum.
Bearish Trend (Orange Line): When the price crosses below the lower band, it signals downward momentum.
What Is Unique?
This Enhanced version of the Keltner Trend is for investors who want to have more control over the Keltner's channels calculation, so they can calibrate it to provide them more alpha when combined with other Technical Indicators.
Use ATR: Gives the user the choice to use the ATR for the channel width calculation, or use the default High - Low over specified period.
ATR Period: Users can modify ATR length to calculate the channels width (Volatility).
ATR Multiplier: Users can fine-tune how much of the volatility they want to factor into the channels, providing more control over the final calculation.
MA Period: Smoothing period for the Moving Averages.
MA Type: Choosing from different Moving Averages types providing different smoothing types.
Setting Alerts:
Built-in alerts for trend detection:
Bullish Trend: When price crosses the upper band, it signals a Bullish Signal (Blue Color)
Bearish Trend: When price crosses the lower band, it signals a Bearish Signal (Orange Color)
Credits to jaggedsoft , it's a modified version of his.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.