Keltner Channel (Classic)

Category: volatility, trend

A volatility-based envelope that plots bands around a central Moving Average based on the average bar range (High - Low).

Formula

Middle = MA(Price, period)\nRange_MA = SMA(High - Low, period)\nUpper = Middle + Range_MA\nLower = Middle - Range_MA

Inputs

• MA_Period (default: 10)
• Mode_MA (default: MODE_SMA)
• Price_Type (default: PRICE_TYPICAL)

See signal primitives, usage in published strategies and more on WOBR StrategyVerse.