Intraday Keltner Channels with Resetting ATR and SMA

Summary

This note describes an intraday extension of the Keltner channel. The channel combines a simple moving average with average true range multiplied by a user-selected factor; this variant uses intraday ATR. It further modifies the basic intraday version by resetting the SMA calculation at the start of each day.

At the beginning of a session, the first SMA value is the price itself, and later values incorporate progressively more observations until the chosen period is reached. The channel is intended to be used like a regular Keltner channel. The document gives no specific parameters, trading rules, chart examples, or performance evidence, so it does not establish how the reset affects signals or results.

Key ideas

• The channel combines an SMA with ATR scaled by a multiplier.
• This variant uses intraday ATR and resets the SMA calculation each day.
• The daily SMA sequence begins with the price and builds toward the configured period.
• The document suggests using it like a standard Keltner channel but gives no tested strategy or results.

Tags

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