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 v6 · On the chart
Keltner Channel
The Keltner Channel strategy plots upper and lower bands on the price chart overlay using an exponential moving average or simple moving average combined with ATR or range calculations.
GitHub stars1on the repository
Pine versionv6current
Lines of code46
Settings6inputs
LicenceNone stated
Last update1 year ago27 May 2025
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
The source crosses the bands to generate signals. It enters long positions on upper band crossover with a stop loss placed at the upper band offset by tick size and short positions on lower band crossover with a stop at the lower band. Exit conditions cancel pending entries if the source returns to the moving average or reaches the opposite band level. Settings control channel length, multiplier, source price, moving average type, bands style, and ATR length. Position sizing uses percentage of equity. The strategy draws exclusively on the price chart.
- Keltner Channel
- Exponential Moving Average
- ATR Bands
- Channel Crossovers
- Entry with Stop Loss
Details
Published by
Studentcodee on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Moving averages, Volatility & bands, Trend, Breakout
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| length | int | 20 | length |
| Multiplier | float | 2.0 | mult |
| Source | source | close | src |
| Use Exponential MA | bool | true | exp |
| Bands Style | string | Average True Range | BandsStyle |
| ATR Length | int | 10 | atrlength |
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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