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Platform: Metatrader 4&5 - Windows 32|64bits app
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Keltner Channel Indicator
Keltner Channel is an oscillator like Bollinger Bands.
Keltner Channel displays a channel where price is supposed to stay unless we are in overbought or oversold situations.
Various strategies use Keltner Channel indicator successfully to spot overbought / oversold situations and look for reversals.
Keltner Channel indicator uses ATR to determine overbought and oversold situations.
Inputs of the indicator are: