Starting from an inbuilt indicator, I played with the options available to get a personal and upgraded indicator.
The idea is to use the power of the indicator and customize it to get a more visual result.
I've played with the settings to make it more sensitive ..
Added a MA for each Di lines ..
Played with the layers to make it more visual ..
From there...
Trading Breakouts with Keltner Channel
When it comes to breakout trading, Keltner Channel is a very powerful indicator. The keltner channel breakout system works best when volatility rises. However, the Keltner indicator measures not just the volatility, but it can also show anomalies in the price behavior.
Since Keltner channel indicator is lagging in nature, we...