Enhanced Keltner Trend • ObiQuant

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Enhanced Keltner Trend


Overview:

The Keltner Trend is a Technical Indicator inspired by Keltner Channels, a common banded volatility indicator. Constituted of user-defined Upper and Lower channels, which they range away from the Middle Line. This can be a multiple of the daily high/low range, or Average True Range.

The Enhanced Keltner Trend is a Trend-Following indicator that offers more control over the Keltner Channels, ATR and the smoothing MA's to help investors and traders navigate the market with more accuracy.


Notes:

If you don't want to use the ATR, the indicator will use a high-low calculation over a user-defined period for a smoothed signals.


Credits to tradingview.com/u/jaggedsoft for the script, it’s an improved version of his.


Thank you!