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Keltner Channel

EMA20-based trend detection
ATR-based volatility channel construction
Upper = EMA20 + 2.5×ATR
Lower = EMA20 − 2.5×ATR
Measures breakout strength vs volatility expansion
Interpretation
🟢 Strong trend = % Above EMA high 🟡 Neutral = inside channel 🔴 Weak = below EMA compression
Default Chart
Auto-loads S&P500 Keltner structure
Ticker Close EMA20 Upper Lower % Above EMA ATR % Days Above EMA
PBF 64.31 55.21 62.35 48.07 16.49 4.44 19
VG 14.82 12.85 14.73 10.97 15.3 5.08 12
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