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keltner channel is a well known indicator that not in mt4’s indicators default lineup (You can get this from your broker somehow). This indicator helps you to define trend and sometimes overbought/oversold prices during flat trend.
Input Description:
- EMAperiod: Moving Average period used for indicator. Must be higher than 1.
- ATRperiod: Average True Range period used for indicator. Must be higher than 1.
- multiplier: Multiplier used for determine channel’s wide. Must be higher than 0 but may not be integer.
- shift: Give an additional shift to the channel.
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