Keltner Channels

[markkm]

Hello,

I just want to confirm, does Keltner Channels use ATR for offset?

The blog below states that the upper, lower bands are offset times multiplier, and in the indicator script, there is no mention of ATR (Average true range).

https://ninjatrader.com/blog/use-keltner-channels-to-identify-trend-direction/

Please let me know,
Thanks

[NinjaTrader_ChrisL]

Hello markkm,

Thanks for the post. The Keltner Channel creates a series of High-Low values, then inputs that series into an SMA indicator, effectively giving the average range. Inputting the High-Low values into the SMA will give the same output as the ATR.

Please let me know if I can assit further.