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Published:

2018.08.16 14:12

Keltner channel - smooth ATR.mq5 (10.08 KB) view

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Ketner channel is calculated as SMA (Simple Moving Average) +- ATR (Average True Range)

This version is deviating from that. It allows you to use one of the 4 average types :

and instead of using "regular" ATR it uses the smooth ATR (which is much smoother and faster from the regular ATR)

Smooth ATR

Elder Impulse System

Impulse System for the price bars

Keltner channel - smooth ATR - indicator for MetaTrader 5