The indicator builds a channel calculated by the method of C. Keltner. The indicator uses the standard deviation to change the channel width. Instead of the standard deviation in the Keltner Channel, the Average True Range (ATR) is applied. It is considered to be a fairly accurate indicator, allowing you to quickly monitor the continuation of the trend and its change.
Possible trading strategies – inside the channel or on the channel breakdown
The indicator is used by the robot Keltner Channel classic.
- Period – calculation period.