3-times Keltner Channels
A must have indicator that helps evaluate the natural movement of the stock. A favorite by John Carter himself.
WHAT IT DOES
For swing trading, ATRs are key and represent the normal movement of the market.
Movements between the the first lines (white) represent stadard movement for the timeframe you are trading. The graphic representation of the ATR is Keltner channels .
HOW TO USE IT
Generally, when a stock hits the 2+,3+ band it has exponential chance of moving back to the center line. Hence forth this can be a great place to pick stocks.
HISTORY AND CREDITS
This indicator is using the Keltner Channels with 3 different multiple settings as thought by John Carter in his courses and book "Mastering the trade".
- Free - refer to URL to TradingView below
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