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Views:: 19407
Rating:: (59)
Published:: 2016.10.31 13:20
Updated:: 2016.11.22 07:32

keltner_channel315.mq5 (15.47 KB) view

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In the original Keltner channel used simple moving average (SMA) and it uses ranges for bands calculation (not average true range, but average range).

Here are added the most commonly used EMA calculation for middle line too. Additional options are: if you wish to see the middle line or not, if you wish to see bars colored on slope (bars or candles) additional Heiken Ashi prices, and some more.

Leader of the MACD

This is the Leader of the MACD as described by Giorgos E. Siligardos.

Zerolag Tema Bars

There are some additions in this indicator compared with MetaTrader 4-version.

Spearman Rank Autocorrelation

This is an auto-correlation version of Spearman rank indicator.

Parabolic SAR

Parabolic SAR that avoids some of the problems of existing PSAR-indicators and calculates the values correctly.

Keltner Channel - indicator for MetaTrader 5