This strategy runs on the price chart and enters long when a fast simple moving average crosses above a slow one, and short on the opposite cross, while closing the other side. Entries also need ATR above a filter, a pullback check, a minimum candle-body chang
Strategy · Pine Script v5 · On the chart
Keltner Channel Strategy
The Keltner Channel Strategy is a breakout system plotted directly on the main price chart.
GitHub stars4on the repository
Pine versionv5runs as is
Lines of code92
Settings5inputs
LicenceNone stated
Last update5 months ago31 May 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Keltner Channel Strategy calculates upper and lower channel bands around an exponential or simple moving average using ATR, True Range, or bar range multiplied by a specified factor. A long or short position is initiated via stop orders when price crosses outside the channel bands. Pending stop orders are canceled if price moves back across the center line before triggering. Open positions are closed when price crosses back across the middle moving average. No fixed hard stop loss is defined.
- Customizable channel bands using ATR, TR, or Range
- Breakout entry stop orders placed beyond the signal bar
- Moving average baseline crossover exit logic
- Toggleable EMA or SMA channel baseline
Details
Published by
Jaden300 on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Trend, Volatility & bands, Breakout, Moving averages
Markets
Stocks
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
Topics
algorithmic-tradingbacktestingstock-markettradingview-ideas
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| MA Length | int | 20 | length |
| Band Multiplier | float | 2.0 | mult |
| ATR Length | int | 14 | atr_length |
| Use EMA (off = SMA) | bool | true | use_ema |
| Bands Style | string | ATR | bands_style |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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