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Keltner Channel in the cloud form - indicator for MetaTrader 5

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votes: 10
2018.03.01 11:32

It allows setting any price and calculation method for the central line. The channel lines are calculated based on ATR.

It has five input parameters:

  • Number of the periods to smooth the center line - central line calculation period;
  • Number of periods to smooth deviation - period for calculating the channel lines;
  • Factor which is used to apply the deviation - cloud size;
  • The center line applied price - price used for calculating the central line;
  • The center line smoothing method - smoothing method.

Translated from Russian by MetaQuotes Software Corp.
Original code:

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