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2016.10.31 13:20

Keltner Channel - indicator for MetaTrader 5

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votes: 14
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.

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Zerolag Tema Bars Zerolag Tema Bars

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

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