Zero Lag Keltner Channels

This is Keltner Channelz (KC) with Zero Lag Moving Average (ZLMA as base). It is smoother and has less lag than the original (EMA/SMA) variant.

It also can be used as a trend indicator and trend confirmation indicator. The upper and lower bands are green if it is an up trend, and red if a down trend. If both have the same color it is a stronger trend.

Versionshinweise:

• dynamically colorized center line
  
• dynamically colorized background: it will be green if all lines are green, red if all lines are red and gray otherwise
  
• cleaned and commented code
  

Versionshinweise:

You can now select between Zero Lag EMA (ZLEMA) and Hull MA, which is similar low lag and smooth moving average.

Versionshinweise:

• Added ALMA (ARNAUD LEGOUX MOVING AVERAGE) to selectable moving average types
  
• It measures the width of the channel and print it with blue color
  

Versionshinweise:

• Use function for MA selection
  
• Different MAs for base line and range (ATR)
  
• Added lagging moving averages for reference (SMA, EMA, RMA)
  
• It can remove outliers by using stdev for True Range, the same idea as in my other indicator: "ATR Without Outliers" (ATRWO)
  
• Fixed plotting channel width into data window only (TradingView removed the original method I used)
  
• Added ATR into data window
  

Versionshinweise:

Fixed HMA

Versionshinweise:

Fixed range MA input name

Versionshinweise:

• Uses my TAExt library
  
• Support different sources for upper and lower bands
  
• More MAs, also lagging ones, but this makes a whole lot of usage possibilities (e.g. dynamic support resistance cloud)
  
• Setting look back period for trend coloring is now possible
  
• Ability to turn off trend colors if you use it just for stop and take profit levels or S/R cloud
  
• Parameter grouping and tooltips
  

Versionshinweise:

Multiple timeframe support