ATKeltner
KeltnerChannel settings

$59.00

A Keltner Channel is a volatility based technical indicator composed of three separate lines. The middle line is an exponential moving average (EMA) of the price. Additional lines are placed above and below the EMA. The upper band is typically set two times the Average True Range (ATR) above the EMA, and lower band is typically set two times the ATR below the EMA. The bands expand and contract as volatility (measured by ATR) expands and contracts.

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KeltnerChannel settings

Alerts

  • When the signal becomes Strong
  • When the price breaks out the channel

Signals

Strong LongWhen the Midline is rising and the pricebar is bullish and the pricebar’s high is equal or above the upper band
Weak LongWhen the Midline is rising and the pricebar’s high is below the upper band or the pricebar is bearish
NoneWhen the Midline is flat
Weak ShortWhen the Midline is falling and the pricebar’s low is above the lower band or the pricebar is bullish
Strong ShortWhen the Midline is falling and the pricebar is bearish and the pricebar’s low is equal or below the lower band

Settings

Offset multiplierThe number of standard deviations for the bands
PeriodThe number of bars to evaluate
Cloud opacityThe opacity of the cloud between the bands
Clour ColorThe color of the cloud between the bands
PlotsThe plot styles for Midline, Upper and Lower band

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