Calculates and plots moving averages on selected VIX volatility terms (VIX9D, VIX, VIX3M, or VIX6M) in a separate pane. The script computes user-defined short and long moving averages using EMA or SMA. It shades the background red when the short-term moving av
Indicator · Pine Script v5 · Own pane
Keltner Width KW
The Keltner Width indicator calculates the percentage width of Keltner Channel bands based on a moving average of a selected source price multiplied by a range such as ATR or True Range.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code20
Settings6inputs
LicenceNone stated
Last update3 years ago3 Jan 2023
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 indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
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 Width KW plots the resulting width value in a separate pane using column style bars. The main settings allow adjustment of moving average length, multiplier value, source price, exponential or simple moving average option, bands calculation style, and ATR length. The width is colored green when below 11.05 and red otherwise. This is a utility indicator that shows band expansion without entry or exit signals.
- Keltner Channel width
- ATR bands
- Exponential MA
- Separate pane plot
- Multiplier input
Details
Published by
Kasra-Saeid on GitHub
Type
Draws
Separate pane below the chart
Category
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
File
Topics
pinescript
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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