Keltner Channels with a Custom Center Line and ATR Bands

Summary

This indicator description presents a Keltner Channel whose center line can use a chosen price input and smoothing method. The upper and lower channel boundaries are based on the Average True Range (ATR), with a configurable multiplier controlling the channel width.

Its five settings govern the center-line smoothing period, the period used to calculate channel deviations, the deviation multiplier, the applied price, and the smoothing method. These controls let a trader adapt the central estimate and band width to different charting preferences. The document explains the indicator’s construction but gives no entry or exit rules, market examples, performance evidence, or guidance for selecting parameter values, so it does not establish that any particular configuration is effective.

Key ideas

• The indicator lets users select the price input used for its center line.
• A smoothing method and period control the center-line calculation.
• ATR determines the channel boundaries, while a multiplier sets their width.
• The description provides no 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.