Zero Lag Keltner Channels

28 feb 2020

This is Keltner Channelz (KC) with Zero Lag Moving Average (ZLMA as base). It is smoother and has less lag than the original (EMA/SMA) variant.

It also can be used as a trend indicator and trend confirmation indicator. The upper and lower bands are green if it is an up trend, and red if a down trend. If both have the same color it is a stronger trend.

29 feb 2020

Note di rilascio

• dynamically colorized center line
  
• dynamically colorized background: it will be green if all lines are green, red if all lines are red and gray otherwise
  
• cleaned and commented code
  

24 mar 2020

Note di rilascio

You can now select between Zero Lag EMA (ZLEMA) and Hull MA, which is similar low lag and smooth moving average.

15 apr 2020

Note di rilascio

• Added ALMA (ARNAUD LEGOUX MOVING AVERAGE) to selectable moving average types
  
• It measures the width of the channel and print it with blue color
  

25 feb 2021

Note di rilascio

• Use function for MA selection
  
• Different MAs for base line and range (ATR)
  
• Added lagging moving averages for reference (SMA, EMA, RMA)
  
• It can remove outliers by using stdev for True Range, the same idea as in my other indicator: "ATR Without Outliers" (ATRWO)
  
• Fixed plotting channel width into data window only (TradingView removed the original method I used)
  
• Added ATR into data window
  

25 feb 2021

Note di rilascio

Fixed HMA

26 feb 2021

Note di rilascio

Fixed range MA input name

4 feb 2022

Note di rilascio

• Uses my TAExt library
  
• Support different sources for upper and lower bands
  
• More MAs, also lagging ones, but this makes a whole lot of usage possibilities (e.g. dynamic support resistance cloud)
  
• Setting look back period for trend coloring is now possible
  
• Ability to turn off trend colors if you use it just for stop and take profit levels or S/R cloud
  
• Parameter grouping and tooltips
  

14 feb 2022

Note di rilascio

Multiple timeframe support