wallneradam

Zero Lag Keltner Channels

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.
Release Notes:
  • 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
Release Notes: You can now select between Zero Lag EMA (ZLEMA) and Hull MA, which is similar low lag and smooth moving average.
Release Notes:
  • Added ALMA (ARNAUD LEGOUX MOVING AVERAGE) to selectable moving average types
  • It measures the width of the channel and print it with blue color
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Comments

This is a Great Indicator! Is there a way to import that into a specific plataform? I'm From Brazil and I use ProfitChart.
+1 Reply
@Wmoura, No, Pinescript is for TradingView only.
+1 Reply
Great indicator!
+1 Reply
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