Keltner Channels
The Keltner Channels indicator is somewhat similar to Bollinger Bands and Donchian Channels in that it is used to determine overbought and oversold market conditions. The difference between Donchian Channels and Keltner Channels is that, instead of using the average price of 20 data lengths, it uses a 20 data length Exponential Moving Average +/- (2 x Average True Range) causing it to generate different trade signals than Donchian Channels.
Tip: Use during sideways markets or to confirm trends.
Interface
Supported license & Trade types
Supported License
Supported Trade Types
Spot trading
Simple license
Margin trading
Advanced license
Leverage trading
General Settings
Exchange Website to monitor
Currency Pair to monitor for trade signals
Update Speed
Trade Signals
Tip: The exchange doesn't have to be the same exchange you are currently trading on.
Indicator Settings
Length
Number of candles (or time periods) before an action is taken.
Multiplier
Multiplier for Average True Range.
ATR Length
Number of candles (or time periods) used to calculate ATR.
Usage
It is recommended to use this indicator during sideways markets to catch the dips and rises and maximize your profit.
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