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Keltner Linear Channel

Colored indicator of the linear channel.

Plotting and calculation is based on the Keltner method. It is used for making trading decisions and analyzing market sentiment.

The input parameters provide the ability to adjust the channel on the chart.

Attaching multiple instances of the indicator to the chart with different calculation periods leads to displaying a system of channels on the chart.

Various options for plotting the channel are shown in the screenshots.


Purpose

The indicator can be used for manual or automated trading within an Expert Advisor. Values of indicator buffer of the double type can be used for automated trading:

  1. Channel middle line - buffer 0.
  2. Upper channel boundary line - buffer 1.
  3. Lower channel boundary line - buffer 2.

Values of the buffers must not be equal to zero.


Input parameters

  1. Bars_Number - number of bars for the indicator calculation.
  2. Calculation Method - Method of calculating the channel:
    • Keltner_Basic - basic (by Keltner)
    • Kelner_Improved - improved (by Keltner).
    • Custom - custom (by the following parameters).
  3. Middle of Channel - Display the channel middle on the chart:
    • true - yes.
    • false - no.
  4. ATR Period - calculation period for the ATR (Average True Range).
  5. Channel Width Factor
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Dieser Indikator erkennt harmonische Muster, die manuell oder automatisch auf dem Chart gezeichnet wurden. Sie können das Benutzerhandbuch unter diesem Link einsehen: Fügen Sie Ihre Bewertung hinzu und kontaktieren Sie uns, um es zu erhalten. Es gibt eine kostenlose Version, um dieses Produkt auf MT4 auszuprobieren. Sie können es verwenden, um Gartley- und Nenstar-Muster zu erkennen: https://www.mql5.com/en/market/product/30181 Sie können die vollständige MT4-Version von kaufen: https://www.mql5
PRO Renko System ist ein hochpräzises Handelssystem, das speziell für den Handel mit RENKO-Charts entwickelt wurde. Dies ist ein universelles System, das auf verschiedene Handelsinstrumente angewendet werden kann. Das System neutralisiert effektiv so genannte Marktgeräusche, die Ihnen Zugang zu genauen Umkehrsignalen geben. Der Indikator ist sehr einfach zu bedienen und hat nur einen Parameter, der für die Signalerzeugung verantwortlich ist. Sie können das Tool einfach an jedes Handelsinstr
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4.82 (17)
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5 (13)
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4.78 (54)
** All Symbols x All Timeframes scan just by pressing scanner button ** After 15 years of experience in the markets and 3 years of programming, Winner indicator is ready. I would like to share with you! *** Contact me after purchase to send you instructions and add you in "123 scanner group" for sharing or seeing experiences with other users. Introduction The 123 Pattern Scanner indicator with a special enhanced algorithm is a very repetitive common pattern finder with a high success rate . Inte
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Version 1.21 2020.04.02
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