OPEN-SOURCE SCRIPT
Distance Bands Oscillator_KT
█ OVERVIEW
This tool is based on both Bollinger Bands and Keltner Channels, and measures 3 distances between the two, respectively.
Similar to the Band Width indicator, this can be used as a measure of volatility, and can be used to measure uptrend, downtrend and chop regions on a given chart.
Happy Trading,
ET
This tool is based on both Bollinger Bands and Keltner Channels, and measures 3 distances between the two, respectively.
- Upper Kelt to Upper Bollinger Band
- Lower Kelt to Lower Bollinger Band
- Kelt Basis to Bollinger Basis Basis
Similar to the Band Width indicator, this can be used as a measure of volatility, and can be used to measure uptrend, downtrend and chop regions on a given chart.
Happy Trading,
ET
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Eric Thies
Disclaimer
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