This indicator is showing an example how an adaptive ATR (originally published here : Adaptive ATR) can be used within some other indicator. It is using the original way how Ketner channel is calculated (the middle line is a SMA – Simple Moving Average) and the channel is using adaptive ATR (which is a deviation from the original Keltner channel since it uses “regular” ATR for that)
Usage :
It can be used the similar way as the original Keltner channel …
Keltner channel - indicator MetaTrader 5 Keltner channel indicator with a multiplier and two ways to calculate the boundaries: By averaging the candle body size…
