I realise that was unnecessary EMAs (in version 1), so I removed they. The green zone is the original EMAs and the blank and gray ones are projected EMAs. I'm using this to know good entry points and the exits for scalping. (work well only for well defined trends).
EXPERIMENTAL: stashed and forgotten :p , forgot to publish this one. untill recently was asked about it because it was used on another script :D usage similar to how to read a rsi.
Keltner Channel EMA based. Use Custom ATR value. Reversion to the mean band from TTM $400+ List of All my Indicators - www.tradingview.com
Most the credit for this update has to go to RicardoSantos and his awesome RSIChannel + some fixes to my own which I embedded to my my own script.. I've also embedded the additional Bollinger band 50/2. What can I say it's becoming a thing of beauty :). RicardoSantos's RSIChannel indicator is also included separately (hidden) should you chose to 'Make it mine'...
All these indicators are by Mel Widner. Projection Bands : ------------------------------------------------------- These project market data along the trend with the maxima and minima of the projections defining the band. The method provides a way to signal potential direction changes relative to the trend. Usage is like any other trading band. Projection...
This is my custom channel (Bear Channel!? :)) derived from BB/STARC. It uses both ATR/STDEV for plotting the bounds. I use COG (Center of Gravity) for deriving the baseline. This enables it to track the price action better than many other channels that make use of MAs or simply "close". Indicator also marks "squeezes" (stdev bands come inside ATR bands). Pay...