KC% Oscillator

Simplify your chart analysis with the KC% oscillator. This transformative tool takes the Keltner Channel—a staple of chart analysis—and presents it in an easy-to-interpret oscillator format, similar to a BB %B. With KC%, you get the best of both worlds: the comprehensive insights of a Keltner Channel with the simplicity and clarity of an oscillator.

Key Features:

• KC%: The indicator calculates the KC% based on user-defined parameters, including the period input and the channel amplitude, with upper and lower bands instead of single levels.
  
  
• Moving Average (MA): The indicator utilizes a moving average (MA) within the KC% to smooth out price fluctuations. Traders can adjust the MA period to suit their trading strategy.
  
  
• Stochastic Analysis: The indicator incorporates Stochastic analysis using the Stochastic RSI. It calculates the %K and %D lines and provides insights into potential trend reversals and overbought/oversold conditions in the short term.
  
  
• Channel Breakouts: The indicator identifies instances when the entire price candles break out of the Channel. It visually represents these breakouts as extended price signals, helping traders spot potential trend shifts and volatility.
  
  
• Customizable Color Scheme: Traders can customize the indicator's color scheme to suit their preferences. Colors can be assigned to bullish, neutral, and bearish market conditions.
  
  
• ATR Table: The indicator includes an Average True Range (ATR) table, displaying the ATR value and its percentage relative to the price moving average. This table helps traders gauge market volatility and adjust their trading strategies accordingly.
  
  

By visualizing crucial market information, such as trend strength, volatility, and potential reversals, the "KC%" indicator empowers traders to make well-informed trading decisions. Whether used in isolation or combined with other technical analysis tools, this indicator provides valuable insights into market dynamics.

Please note that a basic understanding of technical analysis and familiarity with the indicator's settings are recommended for optimal use.