First of all, Merry Christmas and happy new year soon
I would appreciate if you may consider the center-line of the Keltner Channel (indicator No. 2 color black, STYLE_DOT) given attached, such that the color of the center-line changes according its slop up (Blue) or down (Red)and also the channel bands of upper (indicator No. 1 STYLE_DASH) and lower (indicator No. 3 STYLE_DASH) as well is changing their color up and down according to their slop. Also, you may add arrows and usual alerts when the slop changes.
If the indicators No, 4,5, 6 will making problem, you may delete them.
I am so sorry if this is too much and you may either make it as Merry Christmas present
(gift) or you simply ignore the request with no problem
The middle line of the keltner channel is simply an average. Is that you had in mind?
Yes Mladen, I know,but if one can chose right period it actually express the direction of the price movement (I think)
Try it out (this version has that middle line colored on its slope too) : keltner_channels_f1_mtf_2.02_nmc.mq4
Thanks MrGreat (mladen), but arrows still work for old conditions when price touching lower and upper bands, Is it possible to work (arrows & alerts) with the color changing of center-line
Thanks your effort MrGreat Mladen
Here is a version in which you can chose if it is going to display arrows (and alerts) on slope change or on jurik average crossing channel bounds (as before) : keltner_channels_f1_mtf_2.03_nmc.mq4
Sorry false message
Thank you MrGreat Mladen
Use the arrowsOnJurik parameter - if set to true it works as before, if set to false it alerts and shows arrows on keltner middle value slope change
I just wake-up, I did not see it correctly
It is all fine I am so sorry
you are great man as usual, God safe you