Keltner Zones

This is an indicator that draws support and resistance zones / levels based on price action in and around Keltner Channels .

There are 3 different modes;
  • Draw zones based on price breaking the upper band
  • Draw zones based on price breaking the lower band
  • Draw zones if price stays within the bands for a prolonged period of time.

You can also decide if you want the indicator to paint zones or levels. The Zones can grow rather large if there is a volatility shock since they are drawn using the true range around the trigger price.

Upper Band Zones

Lower Band Zones

Congestion Zone

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