ATR Keltner Channels Multi TF Real Value for MT4

DUCHOAN99 would like to send you the indicator ATR (Keltner) Channels Multi TF Real Value for MT4.

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 - - - - -

- - - - - MA Setting - - - - -

- - - - - ATR Setting - - - - -     

Download the version for MT5 at:  ATR (Keltner) Channels Multi TF Real Value for MT5.

Hope the indicator will make your trading system perfect!

Feel free to contact me with any questions or requests!

Good luck and success!