Intraday Keltner Channel Extension - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources
Keltner Channel is calculated as SMA (Simple Moving Average) + ATR (Average True Range) * Multiplier. This version is using intraday ATR instead (published with additional explanation here: intraday ATR ). This version also extends the "basic" version of the Intraday Keltner Channel (from here: Intraday Keltner Channel ) by also applying the same reset process to the SMA (Simple Moving Average) calculation. This means that the first SMA of the day is just the price, the second SMA of the day is the SMA (2) and so on until the desired time period specified in the parameters (if any) is reached)
It is used in the same way as the "regular" Keltner channel
Attachment download
📎 intraday_keltner_channel_pextendedo.mq5 (8.57 KB)
Source: MQL5 #24790
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