Keltner Channel + RSI / Owl of Profit

Keltner Channel + RSI Strategy
This strategy combines the Keltner Channel and RSI indicators to identify trading opportunities based on price levels and momentum.

Features
Keltner Channel

Calculated using EMA and ATR.
Upper and lower bounds provide a dynamic range for price action.
Default parameters:
EMA Period: 20
ATR Period: 10
ATR Multiplier: 1.5
RSI (Relative Strength Index)

Identifies overbought and oversold conditions.
Default parameters:
RSI Period: 14
Overbought Level: 70
Oversold Level: 30
Strategy Conditions
Long Entry

Price crosses above the lower Keltner Channel.
RSI is below the oversold level.
Short Entry

Price crosses below the upper Keltner Channel.
RSI is above the overbought level.
Exit Logic
Close Long

Price crosses below the EMA.
RSI rises above 50.
Close Short

Price crosses above the EMA.
RSI falls below 50.
Visualization
Keltner Channel:
Upper and lower bounds plotted with transparent fill for better clarity.
EMA line for midpoint reference.
RSI:
Plots RSI with dotted horizontal lines for overbought and oversold levels.
Signal Markers:
Buy (green) and Sell (red) labels plotted for entry signals.
This strategy is ideal for traders who want to combine price action with momentum-based signals to capture dynamic market moves.

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Happy trading!