DIG Keltner Channel 2.0

	Platforms:	Tradestation, MultiCharts
	Market:	All (Stock, Futures, Forex, Options)
	TimeFrame	Tick and Minute
	Trading Style	Channel Trading, Break In, Break Out

 

 

 

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What does the our DIG Keltner Channel 2.0 has to offer?

We took the standard Keltner channel and enhanced it.
We added separate band controls, and painted the bars making it a one glace indicator.

Keltner Channel

The Keltner Channel is based on a moving average line with and upper and lower bands. The bands adopt according to the volatility of the asset ( Average True Range ). The Keltner Channel is used to signal price breakout, price break ins, and show trend.

Lets see the indicator in action:

AMZN 60 Min Chart : The middle gray line is the Moving Average line, and the 2 yellow lines are the upper and lower bands. (You can set the colors and width according to your needs).
The real magic of the indicator is the paint bar:

@ES Futures Daily Chart : Notice how the bars are color coded accoring to their location.
Bars above the Upper Band : Green
Bars Above the Lower Band with highs above the upper band : Yellow
Bars between the 2 Bands : White
Bars bellow the Upper Band with lows below the lower band : Orange
Bars Bellow the Lower Band : Red
With color coded bars you can take one glace at this indicator and receive all the information you need.
We highly recommend to use this is indicator together with one of the following two Reversal indicators : Magic Bars, Smart Points

Key Features:

• Absolutely Free
• Control the upper and lower band separately
• Amazing paint bar feature
• Works Great with Magic Bars and Smart Points Indicators