Keltner Channel Multiplier Constant | Forex Factory

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Keltner Channel Multiplier Constant

  • #1
  • First Post: Jul 11, 2007 6:15pm Jul 11, 2007 6:15pm
I am trying to use the Keltner Channel indicator from here:

http://codebase.mql4.com/443

It is the only Keltner Channel indicator I have found for MT4. It has a variable to modify the period used for the middle line, but there doesn't appear to be one to modify the upper and lower lines (multiplier constant lines). I can't even see what it is currently set at. I would like to be able to change this to my own setting. Does anyone have experience with this or know how to modify the indicator to allow custom settings for the multiplier constant?
  • #2
  • Jul 11, 2007 8:02pm Jul 11, 2007 8:02pm
Hey my friend

I have two different MT4 Keltner Channels but unfortunately, they only have one way to change the values. With my ESignal platform, my Keltner Channel indicator has several ways to change the values. I am not satisfied with MT4 Keltner.
  • #3
  • Jul 11, 2007 8:32pm Jul 11, 2007 8:32pm
Quoting WHTenn
Hey my friend

I have two different MT4 Keltner Channels but unfortunately, they only have one way to change the values. With my ESignal platform, my Keltner Channel indicator has several ways to change the values. I am not satisfied with MT4 Keltner.
From my limited knowledge of other platforms I think it is fairly common to be able to change the values for the middle and outer lines. So I am surprised this doesn't exist for Keltner in MT4. I would have figured there is at least one good version out there somewhere. Maybe if I knew what it currently is in its static setting that might help a little, but it doesn't show that either.
  • #4
  • Jul 12, 2007 5:25am Jul 12, 2007 5:25am
Quoting Snuffleupagus
I am trying to use the Keltner Channel indicator from here:

http://codebase.mql4.com/443

It is the only Keltner Channel indicator I have found for MT4. It has a variable to modify the period used for the middle line, but there doesn't appear to be one to modify the upper and lower lines (multiplier constant lines). I can't even see what it is currently set at. I would like to be able to change this to my own setting. Does anyone have experience with this or know how to modify the indicator to allow custom settings for the multiplier constant?
Here you go. I modified the original for you. It has an external parameter called mult. Change that to the multiplier you need. Let me know if it works
Attached File(s)
File Type: ex4 Keltner Channel Modified.ex4   3 KB | 2,990 downloads
Stubbornly persistent
  • #5
  • Jul 14, 2007 7:47am Jul 14, 2007 7:47am
Quoting sergiu
Here you go. I modified the original for you. It has an external parameter called mult. Change that to the multiplier you need. Let me know if it works
Very cool! Thank you for helping.

It works for me as far as applying it to a chart, but don't have a method to verify it is displaying correctly. I probably need to compare it to charting outside of MT4.
  • #6
  • Jul 14, 2007 5:38pm Jul 14, 2007 5:38pm
Excellent work ...thanks for the change in the indicator.
  • #7
  • May 11, 2010 5:52am May 11, 2010 5:52am
Hello Sergiu! Your KC indicator has an SMA for the middle band. Could you please modify it to an exponential moving average for me?
  • #8
  • Aug 10, 2017 11:58am Aug 10, 2017 11:58am
Hi
I need the keltner channels which the centerline is sma(period) and the upper and lower channels lines are offset up and down by the following amount: (offset multiplier x SMA ( H-L, period) for meta trader 4.

thank you
  • #9
  • Last Post: Edited 3:20am Dec 17, 2018 2:53am | Edited 3:20am
Attached File(s)
File Type: ex4 KeltnerChannel_v1.ex4   11 KB | 486 downloads
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Attached File(s)
File Type: mq4 KeltnerChannel_v1.mq4   3 KB | 706 downloads
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