Enhanced Keltner Channels [victhoreb]

The Enhanced Keltner Channels indicator is a dynamic, volatility-based tool designed to adapt to changing market conditions. It uses a combination of linear regression and a refined volatility measurement to generate a smooth central trend line and adaptive channel boundaries.

Central Basis Line:
The indicator computes a basis line using a linear regression of the mid-price (hl2) over a user-defined period. This provides a more stable and trend-sensitive central reference compared to traditional moving averages.

Adaptive Channel:
Instead of using the typical Average True Range (ATR) to calculate the bands, this version uses the average distance between the price and the basis.

Use the Enhanced Keltner Channels to help identify potential breakout opportunities, assess market volatility, and refine your entry and exit strategies based on dynamically changing price behavior.