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Indicators

Keltner channel - indicator for MetaTrader 5

LazyBear
Published by:
Andrei Novichkov
Views:
12694
Rating:
(17)
Published:
2020.11.10 18:39
Updated:
2021.02.16 13:43
Download as ZIP, How to download code from MetaEditor
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Keltner channel indicator with a multiplier and two ways to calculate the boundaries:

     By averaging the candle body size
     Averaging the ATR indicator data

The Keltner channel can be used as an independent indicator, but also as a source of initial data. An example is the "Squeeze Momentum Indicator" published on tradingview.com with the most likes. The translation of "Squeeze Momentum Indicator" from Pine to MQL 5 was done by me.



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