Keltner channel width
The distance between the Keltner bands relative to the middle line.
Inputs
| Name | Type | Default | Range |
|---|---|---|---|
| ema_period | int | 20 | 1 to 5000 |
| atr_period | int | 10 | 1 to 5000 |
| atr_factor | float | 2 | 0 to 10 |
Outputs
| Name | Type | Required | Description |
|---|---|---|---|
| kcw | value | Optional | color theme.accent, style line, width 1 |
- Warm-up
- max(ema_period - 1, atr_period) bars (19 at the defaults)
- Repaints
- No
- Parity
- None
Formula
width = (upper - lower) / middle
middle = the EMA of the closes over ema_period
upper = middle + atr_factor * ATR, lower = middle - atr_factor * ATR
ATR is the simple average of the true range over atr_period, as the MetaTrader 5 Keltner Channel computes it.