█ 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.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. 您可以收藏它以在圖表上使用。