Distance Bands Oscillator_KT

█ 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