stelaraX - Keltner Channel

stelaraX – Keltner Channel

stelaraX – Keltner Channel is a volatility-based price channel indicator that combines an exponential moving average with the Average True Range to define dynamic upper and lower boundaries around price. The indicator is designed to highlight trend direction, volatility expansion, and potential breakout or mean reversion zones.

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Core logic

The indicator calculates the Keltner Channel using three components:

* an exponential moving average as the central basis line
* an upper band defined as EMA plus a multiple of ATR
* a lower band defined as EMA minus a multiple of ATR

Both the EMA period and ATR period are user-configurable, as well as the ATR multiplier, allowing precise control over channel width and sensitivity.


Visualization

The script plots:

* the EMA basis line
* the upper Keltner Channel band
* the lower Keltner Channel band

The area between the upper and lower bands can be filled with a semi-transparent color to clearly visualize the active volatility range. All colors are fully customizable for clean chart integration.


Use case

This indicator is intended for:

* trend-following and channel-based strategies
* identifying volatility expansion and contraction
* breakout and pullback analysis
* dynamic support and resistance evaluation
* combining volatility with trend direction

For a fully automated AI-driven chart analysis solution, additional tools and insights are available at stelarax.com


Disclaimer

This indicator is provided for educational and technical analysis purposes only and does not constitute financial advice or trading recommendations. All trading decisions and risk management remain the responsibility of the user.