Keltner Channel
EMA midline with ATR bands above and below. Tighter than Bollinger in calm tape, so closes outside the bands mean stronger conviction moves.
Keltner Channel
Definition
EMA midline with ATR bands above and below. Tighter than Bollinger in calm tape, so closes outside the bands mean stronger conviction moves.
Parameters
Asset, Lookback period (20), Multiplier (2), Line (upper | middle | lower)
Output range: Price scale
Example
`Price(AAPL) > Keltner(AAPL, 20, 2, upper)` (Volatility expansion)
Usage notes
A Squeeze analog: when price rides inside both bands for days, the next outside close usually runs.
Full indicator reference