Watch how to download trading robots for free
Find us on Telegram!
Join our fan page
Join our fan page
You liked the script? Try it in the MetaTrader 5 terminal
Keltner channel - smooth ATR - indicator for MetaTrader 5
- Views:
- 6590
- Rating:
- Published:
- 2018.08.16 14:12
- Need a robot or indicator based on this code? Order it on Freelance Go to Freelance
Ketner channel is calculated as SMA (Simple Moving Average) +- ATR (Average True Range)
This version is deviating from that. It allows you to use one of the 4 average types :
- simple moving average (SMA)
- exponential moving average (EMA)
- smoothed moving average (SMMA)
- linear weighted moving average (LWMA)
and instead of using "regular" ATR it uses the smooth ATR (which is much smoother and faster from the regular ATR)
Volty channel stop - smooth ATR
Volty channel stop - smooth ATR
Smooth ATR trend envelopes of averagesSmooth ATR trend envelopes of averages