Indicators: Keltner Channel

[Automated-Trading]

Keltner Channel:

Keltner Channel is volatility-based envelopes set above and below an exponential moving average.  The indicator is named after its author Chester Keltner who first described his system based on the 10-period moving average in his 1960 book "How to make money in Commodities".

The indicator consists of price envelopes or bands that are located above and below the exponential moving average by means of multiplying its value by the value of the Average True Range. The channels are surely quite interesting. Firstly, because they brilliantly join together two indicators: moving average and ATR.

Author: Nikolay Kositsin 

[Sergey Golubev]

Keltner Bands Technical Indicator

[Sergey Golubev]

Keltner Channel

The forum

1. Keltner Channel thread 

The articles

1. Comparative Analysis of 10 Trend Strategies 
2. A Universal Channel with the Graphical Interface 
3. Calculating the Hurst exponent

CodeBase

1. Keltner Channel - indicator for MetaTrader 5  
2. Keltner Channel - indicator for MetaTrader 5 
3. Keltner Channels Set - indicator for MetaTrader 5 
4. Keltner Channel Oscillator - indicator for MetaTrader 5
5. Keltner Channel HTF - indicator for MetaTrader 5 
6. Fractal_Keltner - indicator for MetaTrader 5 
7. ColorKeltnerCandles - indicator for MetaTrader 5 
8. XMA_Keltner_Pivot_HTF - indicator for MetaTrader 5
9. Keltner Channel - indicator for MetaTrader 5
10. Keltner Channel - indicator for MetaTrader 4 
11. Keltner Channel - indicator for MetaTrader 4 
12. Keltner ATR Bands - indicator for MetaTrader 4 
13. Keltner Channels - indicator for MetaTrader 4 
14. Volatility Trader and Breakout EA (X-liquidex) - expert for MetaTrader 4

[henriquepiza]

Good morning mate, I've downloaded both files but the indicator doesn't appear on MT5. Could you help me please? Thanks, mate.

[MD ASHRAFUL ISLAM]

Sergey Golubev:

Keltner Bands Technical Indicator

May B it is Perfect indicator for MT4 > https://www.investoo.com/keltner-channels/ 

[Greg]

https://www.mql5.com/en/code/399  This Keltner doesn't work. Another indi, using smoothalgorithms.mqh doesnt show up either. Perhaps smoothalgorithms.mqh needs an update. I copied smoothalgorithms.mqh into /Include folder and .mql5 file in /Indicators as well as /Indicators/Examples. I refreshed and restarted, don't work.

[Ernst Van Der Merwe]

Greg:
https://www.mql5.com/en/code/399  This Keltner doesn't work. Another indi, using smoothalgorithms.mqh doesnt show up either. Perhaps smoothalgorithms.mqh needs an update. I copied smoothalgorithms.mqh into /Include folder and .mql5 file in /Indicators as well as /Indicators/Examples. I refreshed and restarted, don't work.

.

[JoeMoss]

Thanks for sharing this info with us.

[Luiz Faria]

Smoothalgorithms.mqh is giving an error, so it won't compile the indicator.

[Flavio Javier Jarabeck]

Luiz Faria:
Smoothalgorithms.mqh is giving an error, so it doesn't compile the indicator.

https://www.mql5.com/pt/forum/325457

[danieldfs]

Dear Traders,

In fact, the code as it stands doesn't work.

I've corrected the errors, which essentially amounted to 2, but for the sake of completeness I've made a third change.

Let's go:

1) I changed the name of the file by capslocking the S and A to match the name written in the .mq5 file;

2) on line 537 I pointed to the class of the GetStartBars function so that when the function is compiled it knows the type of Smooth_Method (it looks like this... int CXMA:: GetStartBars (......) )

3) Finally, I commented out the entire section of code repeated between lines 2875 and 2893.

Compile and you're done.

Good luck