The Extended Keltner Channels Indicator is a volatility-based tool designed to highlight extreme price extensions beyond standard Keltner Channels. By tracking when price action breaks out above or below expanded channel boundaries, this study helps traders identify potential overbought and oversold conditions that often precede reversals or trend accelerations.
Key Features:
✅ Extended Channel Factor: Uses an adjustable multiplier (default 3.0) to widen the Keltner Channel and capture extreme moves.
✅ Breakout Signals:
• Bullish Extension – Plots a wedge-up marker when price closes above the extended upper band.
• Bearish Extension – Plots a wedge-down marker when price closes below the extended lower band.
✅ Visual Clarity: Signals are color-coded (pink for bullish extensions, light green for bearish extensions) for quick interpretation.
✅ Simple Yet Powerful: Minimal design makes it easy to overlay with other studies and confirm extended market conditions.
Perfect For:
Traders seeking a clean, volatility-based confirmation tool that highlights when markets are stretched far beyond equilibrium. Ideal for spotting exhaustion points, potential reversals, and breakout continuations across all markets and timeframes.
The Extended Keltner Channels Indicator is a volatility-based tool designed to highlight extreme price extensions beyond standard Keltner Channels. By tracking when price action breaks out above or below expanded channel boundaries, this study helps traders identify potential overbought and oversold conditions that often precede reversals or trend accelerations.
Key Features:
✅ Extended Channel Factor: Uses an adjustable multiplier (default 3.0) to widen the Keltner Channel and capture extreme moves.
✅ Breakout Signals:
• Bullish Extension – Plots a wedge-up marker when price closes above the extended upper band.
• Bearish Extension – Plots a wedge-down marker when price closes below the extended lower band.
✅ Visual Clarity: Signals are color-coded (pink for bullish extensions, light green for bearish extensions) for quick interpretation.
✅ Simple Yet Powerful: Minimal design makes it easy to overlay with other studies and confirm extended market conditions.
Perfect For:
Traders seeking a clean, volatility-based confirmation tool that highlights when markets are stretched far beyond equilibrium. Ideal for spotting exhaustion points, potential reversals, and breakout continuations across all markets and timeframes.
