In the original Keltner channel used simple moving average (SMA) and it uses ranges for bands calculation (not average true range, but average range).
Here are added the most commonly used EMA calculation for middle line too. Additional options are: if you wish to see the middle line or not, if you wish to see bars colored on slope (bars or candles) additional Heiken Ashi prices, and some more.
Keltner channel - indicator MetaTrader 5 Keltner channel indicator with a multiplier and two ways to calculate the boundaries: Â Â Â Â By averaging the candle body size…
