Keltner Channel is usually calculated as SMA (Simple Moving Average) +- ATR distance for the bands.
Since SMA is the slowest moving average, here is a version that uses a much “faster” moving average for the calculation instead: the JMA (Jurik Moving Average) that is very well known for its smoothness too. That should help in faster response to volatile markets.
Keltner channel - indicator MetaTrader 5 Keltner channel indicator with a multiplier and two ways to calculate the boundaries: By averaging the candle body size…
