Indicators: NonLagMA Keltner Сhannel

 

NonLagMA Keltner Сhannel:

Keltner Channel is usually calculated as SMA (Simple Moving Average) +- ATR distance for the bands.

Since SMA is the slowest moving average, here is a version that uses a much "faster" moving average for the calculation instead: the Non Lag MA. That should help in faster response to volatile markets.

Author: Mladen Rakic