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Distance Bands Oscillator_KT

1463
█ OVERVIEW
This tool is based on both Bollinger Bands and Keltner Channels, and measures 3 distances between the two, respectively.
  • Upper Kelt to Upper Bollinger Band
  • Lower Kelt to Lower Bollinger Band
  • Kelt Basis to Bollinger Basis Basis

Similar to the Band Width indicator, this can be used as a measure of volatility, and can be used to measure uptrend, downtrend and chop regions on a given chart.

Happy Trading,

ET

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