Indicators: Keltner channel - smooth ATR
Geez, I've tried several times but I can't run the keltner channel. just gives an error and doesn't open the indicator. I've tried different indicators. Any tips?
Hi, you've done great with this indicator. Is it possible to have this indicator for MT4 platform as well? Thanks
A question
How do I use this indicator?
Pay particular attention to the "squeeze" effect of the outer bands. Two such squeezes are visible in the OP's posted chart. The first squeeze in time appears around 03:15 on the 15th. When price breaks the lower band coming out of the squeeze around 03:30 on the 15th, that is a sell signal. The second squeeze in time appears around 02:45 on the 16th. When price breaks the upper band coming out of the squeeze around 04:30 on the 16th, that is a buy signal.
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Keltner channel - smooth ATR:
Keltner channel - smooth ATR
Author: Mladen Rakic