Keltner Channels are volatility-based bands that are placed on either side of an asset's price and can aid in determining the direction of a trend using ATR.
//@version=6
indicator('Keltner Channels', overlay=true)
len = input.int(20, 'Length')
mult = input.float(2.0, 'Multiplier')
ma = ta.ema(close, len)
rng = ta.atr(10)
upper = ma + rng * mult
lower = ma - rng * mult
plot(ma, 'Basis', color=color.blue)
plot(upper, 'Upper', color=color.blue)
plot(lower, 'Lower', color=color.blue)Enhance your trading workflow with these professional tools and platforms.
Keep 100% of the first $12.5K. EOD Drawdown and flexible evaluation types to suit your style.
Secure, reliable, and fully licensed. The best crypto experience for US traders.
The professional's choice for futures trading with minimal slippage and stable API.
Mirror the positions of top-tier traders instantly without writing code.