Multi-Timeframe Keltner Channel (MTF) for ThinkorSwim

kingkunta

New member
Hi, in my trading i mostly use Multitimeframe keltner channels and would like to know if there is a way to show the ccurrent keltner bar for the time frame to be plotted instead of all the ones before it.

example:

cbnWPIh.png


the blue box represents the current 30 min keltner and the green represents the current 15min.

Any help is appreciated thank you!
 
Last edited:
Here is the Multiple Time Frame version of the Keltner Channel.

Code:
# MTF Keltner Channel
# Assembled by BenTen at UseThinkScript.com

declare weak_volume_dependency;

input aggregationPeriod = AggregationPeriod.DAY;
def open = open(period = aggregationPeriod);
def high = high(period = aggregationPeriod);
def low = low(period = aggregationPeriod);
def close = close(period = aggregationPeriod);

input displace = 0;
input factor = 1.5;
input length = 20;
def price = close;
input averageType = AverageType.SIMPLE;
input trueRangeAverageType = AverageType.SIMPLE;

def shift = factor * MovingAverage(trueRangeAverageType, TrueRange(high, close, low), length);

def average = MovingAverage(averageType, price, length);

plot Avg = average[-displace];
Avg.SetDefaultColor(GetColor(1));

plot Upper_Band = average[-displace] + shift[-displace];
Upper_Band.SetDefaultColor(GetColor(8));

plot Lower_Band = average[-displace] - shift[-displace];
Lower_Band.SetDefaultColor(GetColor(5));
 
Thanks ben for the quick response, but I'm actually wondering more about how to create kelts where it only plot the current 15min/30 min box period, such as the picture i posted above
 
Here is the Multiple Time Frame version of the Keltner Channel.

Code:
# MTF Keltner Channel
# Assembled by BenTen at UseThinkScript.com

declare weak_volume_dependency;

input aggregationPeriod = AggregationPeriod.DAY;
def open = open(period = aggregationPeriod);
def high = high(period = aggregationPeriod);
def low = low(period = aggregationPeriod);
def close = close(period = aggregationPeriod);

input displace = 0;
input factor = 1.5;
input length = 20;
def price = close;
input averageType = AverageType.SIMPLE;
input trueRangeAverageType = AverageType.SIMPLE;

def shift = factor * MovingAverage(trueRangeAverageType, TrueRange(high, close, low), length);

def average = MovingAverage(averageType, price, length);

plot Avg = average[-displace];
Avg.SetDefaultColor(GetColor(1));

plot Upper_Band = average[-displace] + shift[-displace];
Upper_Band.SetDefaultColor(GetColor(8));

plot Lower_Band = average[-displace] - shift[-displace];
Lower_Band.SetDefaultColor(GetColor(5));
Ben you are awesome, but you probably know that already. :). quick inquiry for you. I put the indicator on my chart but haven't had any luck on getting the multitimeframe keltner channel to display on my charts. Im not sure what Im doing wrong. I tried changing the time frames on the indicator as well as my charts. I also tried changing the instruments to trade on with no luck. When you have a second will you help me out with this one? I appreciate you. Thank you Thank you.
 
@Ryguy I just tried the Study and it works as expected if you match the aggregation period setting to match the timeframe of your chart... I tested multiple timeframes with matching aggregation periods and had no issues whatsoever with any of them...

However, the original question presented by the OP was never answered by @BenTen... So, while the code presented works, it doesn't work like the picture in the first post...

19zwMS6.png


Ys9ofH2.png
 
@Ryguy I just tried the Study and it works as expected if you match the aggregation period setting to match the timeframe of your chart... I tested multiple timeframes with matching aggregation periods and had no issues whatsoever with any of them...

However, the original question presented by the OP was never answered by @BenTen... So, while the code presented works, it doesn't work like the picture in the first post...

19zwMS6.png


Ys9ofH2.png
My apologies. I did get it to work perfectly. thank you thank you :)
 
Hi, in my trading i mostly use Multitimeframe keltner channels and would like to know if there is a way to show the ccurrent keltner bar for the time frame to be plotted instead of all the ones before it.

example:

View attachment 9327

the blue box represents the current 30 min keltner and the green represents the current 15min.

Any help is appreciated thank you!
Do you mind sharing the script?
 
Hi, in my trading i mostly use Multitimeframe keltner channels and would like to know if there is a way to show the ccurrent keltner bar for the time frame to be plotted instead of all the ones before it.

example:

View attachment 9327

the blue box represents the current 30 min keltner and the green represents the current 15min.

Any help is appreciated thank you!
could you please share your chart? thanks in advance!!
 
Do you mind sharing the script?
could you please share your chart? thanks in advance!!


Did you know that by clicking on a member's name, you can easily check when they were last seen on the uTS forum? It's a great way to keep track of who's been around recently, and who hasn't. Speaking of which, it looks @kingkunta is no longer active. :(

Therefore, not available to share his charts.
 
Last edited:
Hi, in my trading i mostly use Multitimeframe keltner channels and would like to know if there is a way to show the ccurrent keltner bar for the time frame to be plotted instead of all the ones before it.

example:

View attachment 9327

the blue box represents the current 30 min keltner and the green represents the current 15min.

Any help is appreciated thank you!
Hi, can you share these chart settings please? Thanks.
 

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