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Keltner_Chanel

by Dr.Hamdi Boukamcha
Name:
Keltner_Chanel [ ru ]
Author: Korey (2009.01.06 08:07)
Downloaded: 3650
Download:
Keltner_Chanel   Keltner_Chanel.mq4 (1.6 Kb) View

Description:

The codebase contains the Keltner Channel indicator

http://codebase.mql4.com/4150, but it doesn’t conform the basic variant

that is described here:

http://www.forextimes.ru/article/a12177.htm

the suggested indicator:

-the base line is EMA20
-the stripes lines +/- ATR (Average Tr/e Range)
-the multiplier is 2.0

Keltner_Chanel

Advices:

The Keltner’s idea is the creation of the floating lines of the support and resistance like Bollinger Bands.
That is why the period of the base EMA is equal to 20.
For the concrete charts you should pick up the coefficients of the stripes shifting. It is a fractional number.

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