Keltner Channel Indicator

Keltner Channel is an oscillator like Bollinger Bands.

Keltner Channel displays a channel where price is supposed to stay unless we are in overbought or oversold situations.

Various strategies use Keltner Channel indicator successfully to spot overbought / oversold situations and look for reversals.

Keltner Channel indicator uses ATR to determine overbought and oversold situations.

Inputs of the indicator are the followings:

• Keltner Period: period to be used for the moving average calculation
• MovingAverageMethod: method to be used for the moving average calculation (exponential, simple, smoothed, linear weighted)
• KeltnerDeviation: deviation to be used for calculation of upper and lower bands
• ATRPeriod: ATR period to be used for calculation of upper and lower bands