This indicator draws the Keltner channel based on data from any timeframe.
Available moving averages:
- Simple Moving Average
- Exponential moving average
- Smoothed Moving Average
- Linear-weighted moving average
- Tilson Moving Average
The moving average line is colored red or blue depending on the direction of movement compared to the previous candle.
Example: On the H4 chart, the user can display the Keltner channel calculated on the daily timeframe.
Attention: the specified timeframe must be higher than the timeframe of the current chart, otherwise the indicator will not show anything.