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Indicators

Keltner channel - indicator for MetaTrader 5

LazyBear

Published by:
Andrei Novichkov
Views:
1480
Rating:
votes: 7
Published:
2020.11.10 18:39

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. It (and other tools) can be downloaded for free on my  Telegram channel. The link to the channel is in my profile and in the files with the source codes of this indicator. Don't forget to Subscribe.



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