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Published:

2018.03.01 11:32

Customizable Keltner.mq5 (17.89 KB) view

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The indicator draws the Keltner Channel, which can be calculated using SMMA, EMA and LWMA. Channel borders are calculated based on High-Low or ATR.

Smoothing periods for the central line and channel border lines are also configurable.

It has six input parameters:

Number of the periods to smooth the center line - central line smoothing period;
Number of periods to smooth deviation - channel borders smoothing period;
Factor which is used to apply the deviation - multiplier for expanding channel borders;
The center line applied price - price used for calculating the central line (any of seven standard prices);
The center line smoothing method - smoothing method (EMA, SMMA, LWMA);
Variation Method - channel borders calculating method: High-Low or ATR. If ATR is selected, the Number of periods to smooth deviation parameter will be used for the ATR period.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/19825

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