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ATR Keltner Channels Multi TF Real Value for MT5

5
DUCHOAN99 would like to send you the indicator ATR (Keltner) Channels Multi TF Real Value for MT5.
Please download the demo to see if the indicator helps you or not before deciding to buy this indicator.

    1. KEY TAKEAWAYS
    Keltner Channels are volatility-based bands that are placed on either side of an asset's price and can aid in determining the direction of a trend.
    The exponential moving average (EMA) of a Keltner Channel is typically 20 periods, although this can be adjusted if desired.
    The upper and lower bands are typically set three times the average true range (ATR) above and below the EMA, although the multiplier can also be adjusted based on personal preference.
    Price reaching the upper Keltner Channel band is bullish, while reaching the lower band is bearish.
    The angle of the Keltner Channel also aids in identifying the trend direction. The price may also oscillate between the upper and lower Keltner Channel bands, which can be interpreted as resistance and support levels.

    2. As the name suggests, the indicator shows exactly its value at the selected Timeframe.
    3. The indicator has 2 display types: (See attached screenshots to better understand these 2 types)

    Real Value: the indicator shows exactly its value at the selected Timeframe. (Highly recommended)
      Value at the last tick of the timeframe bar. (Commonly used in other simple Multi-Timeframe indicators. Value may not be real value at the time of bar formation, to be able to properly analyze, this type should not be used.).
      4. Input parameters:
        GENERAL Setting - - - - -
        • Timeframe of data collection
        • Type of value you want to display   
        • Multiplier   
          MA Setting - - - - -
          • MA Period
          • MA Method
          • MA Applied price      
          ATR Setting - - - - -     
          • ATR Period
          Clouds Color Setting - - - - -       
          • 3rd Upper Cloud Color (+3ATR)
          • Transparent Color (0-100%) (Most transparent = 100%)
          • 2nd Upper Cloud Color (+2ATR)
          • Transparent Color (0-100%) (Most transparent = 100%)
          • 1st Upper Cloud Color (+1ATR)
          • Transparent Color (0-100%) (Most transparent = 100%)
          • 1st Lower Cloud Color (-1ATR)
          • Transparent Color (0-100%) (Most transparent = 100%)
          • 2nd Lower Cloud Color (-2ATR)
          • Transparent Color (0-100%) (Most transparent = 100%)
          • 3rd Lower Cloud Color (-3ATR)
          • Transparent Color (0-100%) (Most transparent = 100%)
              Download the version for MT4 at:  ATR (Keltner) Channels Multi TF Real Value for MT4.

              Hope the indicator will make your trading system perfect!

              Feel free to contact me with any questions or requests!
              Good luck and success!



              Reviews 1
              DgitalZen
              71
              DgitalZen 2023.02.17 19:22 
               

              Before buying the indicator I asked the author if he could add a feature. Within hours, it was done. Keltner channels do not make headlines, but it is my primary tool. While I have them on Tradingview what was offered in MQL5 was pretty bare bone until I found this one. The author continues to be very responsive & open to suggestions. Very pleased with my purchase.

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              DgitalZen
              71
              DgitalZen 2023.02.17 19:22 
               

              Before buying the indicator I asked the author if he could add a feature. Within hours, it was done. Keltner channels do not make headlines, but it is my primary tool. While I have them on Tradingview what was offered in MQL5 was pretty bare bone until I found this one. The author continues to be very responsive & open to suggestions. Very pleased with my purchase.

              Duc Hoan Nguyen
              1240
              Reply from developer Duc Hoan Nguyen 2023.02.19 04:45
              Thank you very much for supporting me!
              Reply to review
              Version 2.1 2023.02.17
              The indicator is added some options according to the customer's request:
              - Give color option for each cloud band in input tab
              - Allows to customize the transparency of the cloud color.
              If you don't want to show some cloud, you can adjust its color to NO or adjust its color transparency to 100%.
              Version 2.0 2023.02.16
              Improved indicator based on customer feedback:
              - Add clouds for channels area (cloud color can be edited from Color section in indicator's input panel. If you don't want to show clouds, you can leave clouds as None Color)