Keltner Zones

٢٥ مايو ٢٠١٩

This is an indicator that draws support and resistance zones / levels based on price action in and around Keltner Channels.

There are 3 different modes;

• Draw zones based on price breaking the upper band
  
• Draw zones based on price breaking the lower band
  
• Draw zones if price stays within the bands for a prolonged period of time.
  

You can also decide if you want the indicator to paint zones or levels. The Zones can grow rather large if there is a volatility shock since they are drawn using the true range around the trigger price.

Upper Band Zones


Lower Band Zones


Congestion Zone