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Keltner Zones

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This is an indicator that draws support and resistance zones / levels based on price action in and around Keltner Channels.

There are 3 different modes;
  • Draw zones based on price breaking the upper band
  • Draw zones based on price breaking the lower band
  • Draw zones if price stays within the bands for a prolonged period of time.


You can also decide if you want the indicator to paint zones or levels. The Zones can grow rather large if there is a volatility shock since they are drawn using the true range around the trigger price.

Upper Band Zones
snapshot

Lower Band Zones
snapshot

Congestion Zone
snapshot

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