MetaTrader 5 MT5 Indicators KAMA Keltner Сhannel – indicator MetaTrader 5

KAMA Keltner Сhannel – indicator MetaTrader 5

Keltner Channel is usually calculated as SMA (Simple Moving Average) +- ATR distance for the bands.

In the series of different types of Keltner Channel indicators, here is a version that is adaptive too. In this version, Perry Kaufman’s Adaptive Moving Average (KAMA) is used for calculation, which makes it a good choice whenever the indicator should adjust itself to market conditions automatically.

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Alternative:   McClellan Oscillator - smoother with discontinued signal lines - indicator MetaTrader 5