Dear friends, keltner channel aik volatility based indicator ha, Jis ko Chester Keltner na develop kia tha, yeh envelope channel sy belong karta hay, envelope channel keltner channel lower band ko use karty hain aur is ma aik upper band hota hai jo price range kay around dynamic channel form karta hay, ye indication daita ha kay kia market apna current trend continue karay gi ya iski direction change ho gi,
Main features of keltner channel:
Keltner channels indicator basically breakout ka hamain batata hay, is ki direction market ma prevailing trend ki information daitay hain, ye fundamentally aik price reversal indicator bhi ha, ye bollinger band aur moving average channel ki tarah ka indicator ha, market chahay jis bi trend ma ho uptrend ma ho ya down trend ma ho ya even side movement ma ho ye indicator upper resistance or lower support ko find karta hay ye volatility aur average prices kay sath lower, upper aur middle lines plot karta ha, middle line perticular time period ka moving average btati ha,
How this indicator works:
Keltner channel sa above upper envelope aur below lower envelop banta ha, jab prices middle band kay above jati hain to market ki over bought condition hoti ha aur jab prices middle band kay below ati hain to ye oversold ki indication hoti ha, keltner channel flat ho jaye to price upper or lowe channel ma jump kar rahi hoti hai to es time par market ko consolidation state ma samja jata hai. Bhot times par keltner channel trader ko market ki uptrend or downtrend or consolidation state ka signal deti hai or ye just keltner channel ko dakhny sy he pata chal jata hai.
Calculation and formula for this indicator:
keltner channel ki calculation simple hoti ha, is ma aik pre-defined time period kay exponential moving average aur average true range compute kartay hain, upper band ki value calculate karnay kay liay average true range ko 2 sa multiply kar kay exponential moving average add kia jata ha aur isi tarah lower band bhi calculate kartay hain jis ma addition ki bjay subtraction kartay hain, each time period kay liay ye hi steps repeat kartay hain jis sa keltner channels hasil hotay hain, is tarah keltner channel ki middle line aur upper, lower band ka ye formula hota ha.
Keltner Channel middle line = Exponential moving average
Upper band = Exponential moving average + (2 x Average true range)
Lower band = Exponential moving average - (2 x Average true range)
Main features of keltner channel:
Keltner channels indicator basically breakout ka hamain batata hay, is ki direction market ma prevailing trend ki information daitay hain, ye fundamentally aik price reversal indicator bhi ha, ye bollinger band aur moving average channel ki tarah ka indicator ha, market chahay jis bi trend ma ho uptrend ma ho ya down trend ma ho ya even side movement ma ho ye indicator upper resistance or lower support ko find karta hay ye volatility aur average prices kay sath lower, upper aur middle lines plot karta ha, middle line perticular time period ka moving average btati ha,
How this indicator works:
Keltner channel sa above upper envelope aur below lower envelop banta ha, jab prices middle band kay above jati hain to market ki over bought condition hoti ha aur jab prices middle band kay below ati hain to ye oversold ki indication hoti ha, keltner channel flat ho jaye to price upper or lowe channel ma jump kar rahi hoti hai to es time par market ko consolidation state ma samja jata hai. Bhot times par keltner channel trader ko market ki uptrend or downtrend or consolidation state ka signal deti hai or ye just keltner channel ko dakhny sy he pata chal jata hai.
Calculation and formula for this indicator:
keltner channel ki calculation simple hoti ha, is ma aik pre-defined time period kay exponential moving average aur average true range compute kartay hain, upper band ki value calculate karnay kay liay average true range ko 2 sa multiply kar kay exponential moving average add kia jata ha aur isi tarah lower band bhi calculate kartay hain jis ma addition ki bjay subtraction kartay hain, each time period kay liay ye hi steps repeat kartay hain jis sa keltner channels hasil hotay hain, is tarah keltner channel ki middle line aur upper, lower band ka ye formula hota ha.
Keltner Channel middle line = Exponential moving average
Upper band = Exponential moving average + (2 x Average true range)
Lower band = Exponential moving average - (2 x Average true range)
