Every CL1! 30-minute candle is already trading inside a box that has nothing to do with support or resistance drawn by hand.
It isn't a Bollinger Band.
It isn't a line someone eyeballed on the chart.
It's a channel built entirely from how much the market has actually been moving, wrapped around a single moving line, and it widens and narrows on its own as volatility shifts underneath it.
The formula behind it wasn't invented for this product. A commodities trader built the core idea back in the 1960s, and a later, widely copied version locked in the exact settings still used as the default today.
This isn't a channel you have to redraw by hand every session.
It doesn't care what crude oil did on any single 30-minute candle by itself.
It's one channel built from volatility itself, and the exact 30-minute candle where price closes outside of it, on CL1! specifically, is the entire idea.
Not a feeling. Not eyeballing a line drawn by hand. One channel, one break, marked with a small triangle sitting right where it happened.
What that channel is actually built from, the classic settings behind it, and the 9 exact steps to get it live on your own CL1! chart in the next few minutes, are all laid out below.
Nothing here is a promise about what happens after that channel breaks. That part is still on you. But the moment itself, the one almost nobody has their chart set up to actually catch, is $7 and about 2 minutes away.
A Trading Habits Indicator
Keltner Channel Breakout 20/10/2
The classic 20-period EMA / 10-period ATR / 2.0x multiplier Keltner Channel, coded for TradingView and tuned for CL1! crude oil futures on 30-minute candles.
- Includes A TradingView Indicator, plus an 8-page cheat sheet PDF
- Author TradingHabits.com
- Format Instant download, delivered right after checkout
- Covers What the Keltner Channel measures, the standard 20/10/2 convention and where it comes from, how to read the signals, and exact numbered install steps for TradingView
This is a standard, documented indicator, coded clean and tested live on a real chart before it shipped.
What's Inside
20 Things This Cheat Sheet Actually Says
- 01This tool doesn't measure how far price has moved with a fixed dollar amount or a flat percentage. It measures against something that stretches and shrinks with the market itself, so that a calm session and a wild one never get treated the same way.Page 2
- 02There's a completely different way to build a volatility band than the one most people already know, using actual price movement instead of statistical spread, and this script is built on that lesser-known version.Page 2
- 03Three separate lines make up this build, one that follows price and two that box it in, and the math behind all three works off the same core measurement.Page 2
- 04There are two opposite versions of the same event coded into this script, and they're exact mirror images of each other on the top and bottom of the range, so that one tool reads both directions without needing a second indicator.Page 2
- 05Neither of the two lengths behind this build was picked for looks. One traces back to a design from the 1960s, and the other traces back to a later, widely adopted version that most charting platforms still ship as their own default.Page 3
- 06A single multiplier controls exactly how wide or narrow this channel runs, and it's not a number this build made up. It's the same figure most major platforms use as their own starting point.Page 3
- 07There's a wider, looser version of this exact setup that some traders prefer, and the cheat sheet explains why this build stuck with the tighter, more widely documented default instead.Page 3
- 08A full parameter table sits right in this cheat sheet spelling out the basis length, the volatility length, and the exact multiplier, so that nothing about the setup is left for you to guess at.Page 3
- 09One specific, heavily traded commodity contract was chosen for this build over dozens of other liquid instruments, and it comes down to how deep and consistent that market's liquidity actually is around the clock, so that the volatility reading isn't skewed by thin trading.Page 4
- 10The timeframe behind this build covers roughly ten hours of price action in a single lookback window, wide enough to represent a real session without losing responsiveness to a genuine intraday move, so that you're not reacting to every single-bar flicker.Page 4
- 11This exact combination of instrument and timeframe was picked to match a very particular trading horizon that one group of traders lives on, so that the settings actually fit how that market typically gets traded.Page 4
- 12Three lines sit on this chart, one tracking price closely and two boxing it in on either side, with the space between the outer two lightly shaded, so that the current range is visible at a glance.Page 5
- 13Two small triangle markers show up on this chart, and each one means something very different about which side the price just broke through, so that you're never confusing a push higher for a push lower.Page 5
- 14Every signal on this chart is confirmed by where the bar actually closes, not by a brief wick poking outside the lines, so that a fleeting spike doesn't get mistaken for a genuine break.Page 5
- 15Nine plain steps are all that stand between you and having this exact setup live on your own chart tonight, so that you're not stuck untangling code just to see it work.Page 6
- 16This exact script was pasted into a real, live futures chart and proven to compile clean before it ever got packaged, and that proof ships with it, so that you're not the one discovering a hidden error the day you actually need it.Page 6
- 17A confirmed break on this chart only ever prints after the bar has already closed, and the cheat sheet says so plainly instead of implying the signal arrives the instant it happens, so that you know exactly how much lag you're working with.Page 7
- 18In one kind of market session, price can push through one of these lines and snap right back several times in a short stretch, and that's explained honestly as expected behavior, not a flaw, so that repeated signals don't shake your confidence in the tool.Page 7
- 19There's a real, material risk difference between trading the instrument this script is built for and trading a calmer, unleveraged alternative, and it's stated plainly instead of buried, so that you understand what you're actually exposed to.Page 7
- 20There's one thing this channel will never manage for you, no matter how you configure it, and it's spelled out before you ever install it, so that you know exactly where its job ends and your own risk decisions begin.Page 7
HABITS
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Certificate of Guarantee
60-Day, No-Questions-Asked
If Keltner Channel Breakout 20/10/2 doesn't earn its place in your indicator list, email us any time within 60 days of purchase for a full refund. No form to fill out. No reason required.
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