NonLagMA Keltner Channel - MetaTrader 5 Script - MT4/MT5 Resources
Keltner Channel is usually calculated as the SMA (Simple Moving Average) +- ATR distance of the band.
Since the SMA is the slowest moving average, here is a version of the calculation using a "faster" moving average: the non-lag MA. This should help respond to volatile markets more quickly.
Attachment download
📎 nonlagma_keltner_channel.mq5 (12.45 KB)
Source: MQL5 #21691
NonLagMA Keltner Channel - MetaTrader 5 script usage and screening recommendations
NonLagMA Keltner Channel - MetaTrader 5 Script is a resource related to trading scripts. 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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