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ZLMA Keltner Channel

The ZLMA Keltner Channel uses a Zero-Lag Moving Average (ZLMA) as the centerline with ATR-based bands to track trends and volatility.
The ZLMA’s reduced lag enhances responsiveness for breakouts and reversals, i.e. it's more sensitive to pivots and trend reversals.
Unlike Bollinger Bands, which use standard deviation and are more sensitive to price spikes, this uses ATR for smoother volatility measurement.
Background:
Built on John Ehlers’ lag-reduction techniques, this indicator adapts the classic Keltner Channel for dynamic markets. It excels in trending (low-entropy) markets for breakouts and range-bound (high-entropy) markets for reversals.
How to Read:
Settings:
If you are still confused between the ZLMA Keltner Channels and Bollinger Bands:
The ZLMA’s reduced lag enhances responsiveness for breakouts and reversals, i.e. it's more sensitive to pivots and trend reversals.
Unlike Bollinger Bands, which use standard deviation and are more sensitive to price spikes, this uses ATR for smoother volatility measurement.
Background:
Built on John Ehlers’ lag-reduction techniques, this indicator adapts the classic Keltner Channel for dynamic markets. It excels in trending (low-entropy) markets for breakouts and range-bound (high-entropy) markets for reversals.
How to Read:
- ZLMA (Blue): Tracks price trends. Above = bullish, below = bearish.
- Upper Band (Green): ZLMA + (Multiplier × ATR). Cross above signals breakout or overbought.
- Lower Band (Red): ZLMA - (Multiplier × ATR). Cross below signals breakout or oversold.
- Channel Fill (Gray): Shows volatility. Narrow = low volatility, wide = high volatility.
- Signals (Optional): Enable to show “Buy” (green) on upper band crossovers, “Sell” (red) on lower band crossunders.
- Strategies: Trade breakouts in trending markets, reversals in ranges, or use bands as trailing stops.
Settings:
- ZLMA Period (20): Adjusts centerline responsiveness.
- ATR Period (20): Sets volatility period.
- Multiplier (2.0): Controls band width.
If you are still confused between the ZLMA Keltner Channels and Bollinger Bands:
- Keltner Channel (ZLMA): Uses ATR for bands, which smooths volatility and is less reactive to sudden price spikes. The ZLMA centerline reduces lag for faster trend detection.
- Bollinger Bands: Uses standard deviation for bands, making them more sensitive to price volatility and prone to wider swings in high-entropy markets. Typically uses an SMA centerline, which lags more than ZLMA.
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本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。