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Indicator for MetaTrader 5
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Keltner Channel Indicator
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Age 3+
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level: Beginner
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English
Author's Instructions
The Keltner Channel Indicator is one of the MetaTrader 5 indicators used in trend-following trading strategies. This channel uses an Exponential Moving Average (EMA) to detect uptrends, downtrends, or range-bound markets, while the ATR (Average True Range) calculates the channel's volatility range.
The upper channel band equals the EMA plus two times the ATR, and the lower is EMA minus two times the ATR. These bands can act as dynamic support and resistance levels, providing traders with entry and exit points when broken.
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Indicator for MetaTrader 5
-
Keltner Channel Indicator
-
Age 3+
-
level: Beginner
-
English
Author's Instructions
The Keltner Channel Indicator is one of the MetaTrader 5 indicators used in trend-following trading strategies. This channel uses an Exponential Moving Average (EMA) to detect uptrends, downtrends, or range-bound markets, while the ATR (Average True Range) calculates the channel's volatility range.
The upper channel band equals the EMA plus two times the ATR, and the lower is EMA minus two times the ATR. These bands can act as dynamic support and resistance levels, providing traders with entry and exit points when broken.