Available translations

Keltner Channel - EMA version

Summary: Keltner Channel using Exponential Moving Average (EMA).
According to Investopedia, “Keltner Channels are volitility based bands that are placed on either side of an asset's price and can aid in determining the direction of a trend.”
This indicator uses the exponential moving average as a base of calculation to calulate the Average True Range (ATR).
The parameters of the Keltner EMA indicator can be changed by locating and opening the Javascript Code under Data Building Procedure -> Procedure Loop under ’Keltner EMA’ Product Definition.
Products & Properties
The following properties are available to access:
Product Name Product Variable Properties
Keltner EMA keltnerema ema, upper, lower
A simple strategy could be built using the price action breaking through the upper threshold:
 chart.at30min.candle.close > chart.at30min.keltnerema.upper &&
 chart.at30min.candle.open < chart.at30min.keltnerema.upper &&
 chart.at30min.candle.previous.close < chart.at30min.keltnerema.previous.upper
Keltner Channel - MAMA version
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