Adaptive ATR Keltner Channel
This indicator is showing an example how an adaptive ATR (originally published here : Adaptive ATR) can be used within some other indicator. It is using the original way how Ketner channel is calculated (the middle line is a SMA – Simple Moving Average) and the channel is using adaptive ATR (which is a deviation from the original Keltner channel since it uses “regular” ATR for that)
Usage :
It can be used in a similar way as the original Keltner channel…
Know about this indicator
Adaptive ATR Keltner channel is an indicator for the MT5 chart that uses a Moving Averages rule to identify oversold and overbought conditions in the market.
The main goal of this free MT5 indicator is to help traders make timely investment decisions, by identifying areas where the price may decline or rebound.
How does the Adaptive ATR Keltner channel work in the MT5 chart?
The adaptive aspect of this algorithm allows it to react dynamically to the changing trends in the market. This way, it ensures that your indicators are always up-to-date with current market conditions.
In addition, its moving average filter helps you stay objective when analyzing prices, so you don’t get emotionally attached to any one trade.
What are some benefits of using the Adaptive ATR Keltner channel?
This Buy Sell indicator MT5 can be helpful in two ways. First of all, it can help you identify oversold and overbought conditions early on – which could lead to better investment decisions down the road.
Secondly, it’s built specifically for technical analysis purposes – meaning that it won’t influence your overall trading strategy in any way.
So, whether you’re looking for an extra edge during volatile markets or just want a reliable tool at your disposal, the Adaptive ATR Keltner channel should definitely be high on your list!