Configurable Keltner Channels with Smoothing and Range or ATR Bands

Summary

This indicator description explains a configurable Keltner Channel whose center line can use SMMA, EMA, or LWMA smoothing. Channel boundaries can be based either on the high-low range or on average true range, with a multiplier controlling their distance from the center. Users can separately set smoothing periods for the center and boundary calculations and choose the applied price for the center line.

The description lists six inputs and clarifies that selecting ATR makes the boundary smoothing-period setting serve as the ATR period. It explains the indicator’s construction options but offers no parameter recommendations, trading rules, performance results, or discussion of limitations. The note is useful as a configuration reference; it does not establish how the modified channel behaves across markets or timeframes.

Key ideas

• The center line supports SMMA, EMA, and LWMA smoothing.
• Channel boundaries can use high-low range or ATR calculations.
• A multiplier controls the width of the channel around its center.
• Center-line and boundary periods, applied price, and calculation method are configurable.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.