PZ Keltner Channel MT4
- Indicators
- PZ TRADING SLU
- Version: 1.0
- Activations: 20
Kelter Channel is a technical indicator designed to find overbought and oversold price areas, using a exponential moving average and ATR. And it implements a particularly useful twist: you can plot the bands of a higher timeframe in the current chart. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ]
- Find overbought and oversold situations
- Read data from higher timeframes easily
- The indicator displays data at bar opening
- The indicator is non-repainting
Trading implications are simple.
- Look for shorts when the price exceeds the upper bands.
- Look for longs when the price falls below the lower bands
- Dive into lower timeframes without losing values!
Input Parameters
- Timeframe: timeframe to calculate the keltner channel from
- EMA Period: Moving average period to build up the channel
- ATR Period: ATR Period to calculate the bands
- Multiplier 1: Multiplier for the first band
- Multiplier 2: Multiplier for the second band
- Multiplier 3: Multiplier for the third band
Author
Arturo López Pérez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.
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