Keltner Channel Indicator
Posted: Fri May 08, 2020 2:56 pm
The indicator displays the Keltner Channel with 1 - 3 multipliers based on Single or Exponential Moving Averages.
An example with 2 multipliers based on a 14 period 30 seconds "Bar":
The settings panel lets you to configure the Keltner Channel as described below:
(Please do not forget to hit Enter if you change numerical fields)
Moving Average Type: The Moving Average used for the calculations (SMA - Simple Moving Average or EMA - Exponential Moving Average)
Bar Interval: The bar interval for the calculation. It is focusing on day traders and scalpers therefore shorter periods are available (1s, 2s, 5s, 10s, 30s, 1m, 5m)
Keltner Channel Period Length: The number of bars to use for the Keltner Channel calculation. (It must be a round number)
ATR Period Length: The number of bars to use for the underlying Average True Range calculation. (It must be a round number)
Middle Line Visibility: If the middle line should be drawn
Multiplier 1: First band Multiplier (Decimal number, if it is 0.0, it is not drawn)
Multiplier 2: Second band Multiplier (Decimal number, if it is 0.0, it is not drawn)
Multiplier 3: Third band Multiplier (Decimal number, if it is 0.0, it is not drawn)
Keltner Channel line type: Drawing type (Solid, Short Dash, Long Dash, Dot Dot-dash)
Multiplier 1 line type: Drawing type (Solid, Short Dash, Long Dash, Dot Dot-dash)
Multiplier 2 line type: Drawing type (Solid, Short Dash, Long Dash, Dot Dot-dash)
Multiplier 3 line type: Drawing type (Solid, Short Dash, Long Dash, Dot Dot-dash)
Line Width: Drawing thickness of the line
Color Settings: Choose the color for all lines.
An example with 2 multipliers based on a 14 period 30 seconds "Bar":
The settings panel lets you to configure the Keltner Channel as described below:
(Please do not forget to hit Enter if you change numerical fields)
Moving Average Type: The Moving Average used for the calculations (SMA - Simple Moving Average or EMA - Exponential Moving Average)
Bar Interval: The bar interval for the calculation. It is focusing on day traders and scalpers therefore shorter periods are available (1s, 2s, 5s, 10s, 30s, 1m, 5m)
Keltner Channel Period Length: The number of bars to use for the Keltner Channel calculation. (It must be a round number)
ATR Period Length: The number of bars to use for the underlying Average True Range calculation. (It must be a round number)
Middle Line Visibility: If the middle line should be drawn
Multiplier 1: First band Multiplier (Decimal number, if it is 0.0, it is not drawn)
Multiplier 2: Second band Multiplier (Decimal number, if it is 0.0, it is not drawn)
Multiplier 3: Third band Multiplier (Decimal number, if it is 0.0, it is not drawn)
Keltner Channel line type: Drawing type (Solid, Short Dash, Long Dash, Dot Dot-dash)
Multiplier 1 line type: Drawing type (Solid, Short Dash, Long Dash, Dot Dot-dash)
Multiplier 2 line type: Drawing type (Solid, Short Dash, Long Dash, Dot Dot-dash)
Multiplier 3 line type: Drawing type (Solid, Short Dash, Long Dash, Dot Dot-dash)
Line Width: Drawing thickness of the line
Color Settings: Choose the color for all lines.