Keltner Channel - Smoothed ATR - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources
The Ketner channel is calculated as SMA (Simple Moving Average) + - ATR (Average True Range)
This version is different. It allows you to use one of 4 averaging types:
It does not use "regular" ATR, but smoothed ATR (smoother and faster than regular ATR)
Attachment download
📎 keltner_channel_-_smooth_atr.mq5 (10.08 KB)
Source: MQL5 #21959
Keltner Channel - Smooth ATR - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resource Usage and Screening Suggestions
Keltner Channel - Smooth ATR - MetaTrader 5 Script | Trading Script Download - MT4/MT5 resources are trading script related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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