OPEN-SOURCE SCRIPT
[KVA]Keltner Channel Percentage
The "[KVA]Keltner Channel Percentage" (KC%) indicator, designed for TradingView's version 5 language, offers a unique perspective on market volatility and trend analysis, similar yet distinct from the well-known Bollinger Bands Percentage (BB%).
Audience and Applications:
This indicator is suited for traders who prefer a volatility-based approach but seek a smoother, trend-focused alternative to BB%.
It is especially valuable in markets where volatility is not just a byproduct but a central aspect of price dynamics.
In essence, the "[KVA]Keltner Channel Percentage" stands as a complementary tool to Bollinger Bands Percentage. It offers a different lens through which to view market volatility and trends, providing traders with additional insights and strategies for navigating the financial markets. Its unique combination of simplicity and depth makes it a valuable addition to the technical analyst's toolkit, suitable for a variety of trading scenarios and market conditions.
Audience and Applications:
This indicator is suited for traders who prefer a volatility-based approach but seek a smoother, trend-focused alternative to BB%.
It is especially valuable in markets where volatility is not just a byproduct but a central aspect of price dynamics.
In essence, the "[KVA]Keltner Channel Percentage" stands as a complementary tool to Bollinger Bands Percentage. It offers a different lens through which to view market volatility and trends, providing traders with additional insights and strategies for navigating the financial markets. Its unique combination of simplicity and depth makes it a valuable addition to the technical analyst's toolkit, suitable for a variety of trading scenarios and market conditions.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.