NinjaTrader Indicators

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Enhanced Keltner Channel


Keltner Unleashed!

Immediately Detect Strong Upward or Downward Trends

In the typical version of Keltner Channels, the central line is usually a 20-period Exponential Moving Average. Our version gives you many more moving average options (see Key Features).

The upper and lower bands are drawn at an equal distance from the central line. The distance is defined as a specified multiplier of the ATR.  All these can be modified, if so desired.

Our Keltner Channel uses three parameters: –

  1. “Length” is the number of bars to be used in calculation of the central line.
  2. “Offmultiplier”is the distance to define band expansion from the center line.
  3. “ATRLength” is the number of bars to be used in calculation of the ATR (average true range of “X” bar).
A strategy for trading the Keltner is to regard a close above the upper line as a strong bullish signal, or a close below the lower line as strong bearish sentiment, and buy or sell with the trend.

Key Features

  • Choice of Mid-Lines (SMA, EMA, HMA, VWMA, WMA, TEMA, TMA)
  • Sensitivity controls for the length of ATR used in the calculation
  • Ability to color the channel
  • Sound alert when price leaves the channel (see Strategy description)
You will need 1 license per trading computer. Example: If you want to install on a desktop, laptop, and a work computer, you will need a license for 3 computers. Each license comes at a discount.

Today for just $77

Licenses

(Qty discounts available.)