Forex Wiki Trading > Uncategorized > Keltner Channel

Keltner Channel

  • November 26, 2013
  • Posted by: Forex Wiki Team
  • Category: Uncategorized
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Name:
Keltner Channel
Author: Collector (2006.07.13 13:48)
Downloaded: 14739
Download:
Keltner Channel 1
 Keltner Channel.mq4 (3.1 Kb) View
The Keltner Channel indicator locates the most important trends. The indicator is based on principles similar to those used in
Envelopes and Bollinger Bands. The difference is in that instead of percentage (Envelopes) or standard deviations (Bollinger Bands),
the average true range is used here. The upper band is calculated as the moving average plus the average, for N periods, true range.
The lower band is the moving average minus the average true range.

As a rule, the upper band detects that the market is overbought and that correction will most probably be down-directed.
The lower band means that the market is oversold and that correction will most probably be up-directed.

 

Keltner Channel 2

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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.
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