[RS]Simple Forecast - Keltner Worms

[vulcan]

Platform

1. Thinkorswim
2. TradingView

Can this be converted to ThinkorSwim?


https://streamable.com/hbdy92

[RS]Simple Forecast - Keltner Worms — Indicator by RicardoSantos

EXPERIMENTAL: Using keltner channels with automatic multiplier finding, offsets and show_last cutoffs to generate a forecast area. video showing why its named keltner worms :p.. https://streamable.com/hbdy92

www.tradingview.com

// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © RicardoSantos
//@version=4
study(title="[RS]Simple Forecast - Keltner Worms", shorttitle="KC", overlay=true, resolution="")
src = input(close, title="Source")
f_kc(_src, _length)=>
    _ma = ema(_src, _length)
    _rangema = rma(tr(true), _length)
    var _auto_mult = 0
    for _i = _auto_mult to 9999
        if abs(_src - _ma) > (_rangema * _auto_mult)
            _auto_mult := _auto_mult + 1
            continue
        else
            break
    _upper = _ma + _rangema * _auto_mult
    _lower = _ma - _rangema * _auto_mult
    [_ma, _upper, _lower]
[p005ma, p005upper, p005lower] = f_kc(src, 5)
[p010ma, p010upper, p010lower] = f_kc(src, 10)
[p025ma, p025upper, p025lower] = f_kc(src, 25)
[p050ma, p050upper, p050lower] = f_kc(src, 50)
[p100ma, p100upper, p100lower] = f_kc(src, 100)
[p200ma, p200upper, p200lower] = f_kc(src, 200)
c = color.blue
p005u = plot(p005upper, color=#0094FF, title="Upper", offset=5, show_last=5)
plot(p005ma, color=#0094FF, title="Basis", offset=5, show_last=5)
p005l = plot(p005lower, color=#0094FF, title="Lower", offset=5, show_last=5)
fill(p005u, p005l, color=#0094FF, transp=95, title="Background")
p010u = plot(p010upper, color=#0094FF, title="Upper", offset=10, show_last=5)
plot(p010ma, color=#0094FF, title="Basis", offset=10, show_last=5)
p010l = plot(p010lower, color=#0094FF, title="Lower", offset=10, show_last=5)
fill(p010u, p010l, color=#0094FF, transp=95, title="Background")
p025u = plot(p025upper, color=#0094FF, title="Upper", offset=25, show_last=15)
plot(p025ma, color=#0094FF, title="Basis", offset=25, show_last=15)
p025l = plot(p025lower, color=#0094FF, title="Lower", offset=25, show_last=15)
fill(p025u, p025l, color=#0094FF, transp=95, title="Background")
p050u = plot(p050upper, color=#0094FF, title="Upper", offset=50, show_last=25)
plot(p050ma, color=#0094FF, title="Basis", offset=50, show_last=25)
p050l = plot(p050lower, color=#0094FF, title="Lower", offset=50, show_last=25)
fill(p050u, p050l, color=#0094FF, transp=95, title="Background")
p100u = plot(p100upper, color=#0094FF, title="Upper", offset=100, show_last=50)
plot(p100ma, color=#0094FF, title="Basis", offset=100, show_last=50)
p100l = plot(p100lower, color=#0094FF, title="Lower", offset=100, show_last=50)
fill(p100u, p100l, color=#0094FF, transp=95, title="Background")
p200u = plot(p200upper, color=#0094FF, title="Upper", offset=200, show_last=100)
plot(p200ma, color=#0094FF, title="Basis", offset=200, show_last=100)
p200l = plot(p200lower, color=#0094FF, title="Lower", offset=200, show_last=100)
fill(p200u, p200l, color=#0094FF, transp=95, title="Background")

 

[barbaros]

It has a good potential.