Forex Wiki Trading > FX Ind > Keltner_Chanel

Keltner_Chanel

  • July 15, 2013
  • Posted by: Forex Wiki Team
  • Category: FX Ind
No Comments 1598 1470

Contents
1 Description:
2 Advices:
0
(0)
Name:
Keltner_Chanel [ ru ]
Author: Korey (2009.01.06 08:07)
Downloaded: 3650
Download:
Keltner_Chanel 1
 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 2

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.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

We are sorry that this post was not useful for you!

Let us improve this post!

Tell us how we can improve this post?



Author: Forex Wiki Team
We are a team of highly experienced Forex Traders [2000-2023] who are dedicated to living life on our own terms. Our primary objective is to attain financial independence and freedom, and we have pursued self-education and gained extensive experience in the Forex market as our means to achieve a self-sustainable lifestyle.
0 Comments