This Keltner Channel Worm gives 6 different KCs at max, and allows you to set a multiplier for the offset and worm settings (exponential).
The idea behind this script is that the overall brightness of the Keltner Channel will indicate the strength of the forecast. If the candles are shrouded by darkness, a correction is due.
Enjoy and let me know...
This script uses KC and a T3 moving average
A red background is a bear market
A bull market is when the background is green
The main idea is the average of the bend and KC channel breakthrough
This Indicator is yet another variation of KC. Inspired from Value Charts webinar. I have seen their videos on youtube. What appears to be a variation of KC.
They use 12 bands Showing the zone, and different MA for different timeframes.
You can get this indicator close to accuracy by changing the inputs (ATR) and (Deviations)
This also can be used with the...