Intraday Keltner Channels Using Intraday ATR

Summary

This document describes an intraday variation of the Keltner channel. It states that the channel is based on a simple moving average combined with average true range multiplied by a chosen multiplier. The variation uses an intraday ATR calculation in place of the ATR used in a regular Keltner channel.

The proposed use is the same as for a standard Keltner channel, so the indicator can be applied within familiar channel-based analysis. The document does not specify the moving-average or ATR lookback periods, the multiplier, the construction of upper and lower bands, or any entry and exit rules. It supplies no tests or performance evidence, and its brief description does not establish whether the intraday calculation improves results. Traders would need further implementation details and independent evaluation before relying on the indicator.

Key ideas

• The indicator applies an intraday ATR calculation to a Keltner channel.
• Its stated construction combines a simple moving average with ATR scaled by a multiplier.
• The author suggests using it like a regular Keltner channel.
• The document provides no parameter settings, trading rules, or performance evidence.

Tags

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