What are Keltner Channels?
Keltner Channels are volatility-based envelopes set above and below an exponential moving average. This indicator is similar to Bollinger Bands, which use the standard deviation to set the bands. Instead of using the standard deviation, Keltner Channels use the Average True Range (ATR) to set channel distance. Read more here->(Credit: stockcharts
Why not use Bollinger Bands instead?
Personally i’m not against them or any technical indicator traders rely on. This is what best works for me and thats what matters.. Kelts give me a clearer signal to where price can end up in any given time frame. I use it as my support and resistance indicator. This plus 14+30sma = 3 Ladies. This ill come back to very soon.
What settings do you use?
I like to keep things “SIMPLE”.
My Preferred Settings(below) tweak to your comfort..
What do you look for?
Confirmation! By this I look for closes on a certain channel. For example below my favorite is Middle Kelt. Below I detail each time frame.
Chart 1. 4 Hour
- Held middle kelt then bounced off it. Here I seek next target upper kelt.
Chart 2. Daily
- Bigger time frame. closed right at middle kelt. look for middle kelt to form support.
Chart 3. Weekly
- middle kelt acted as support . target weekly upper kelt.
If this has helped you’ll donations are welcome or even better share this blog 🙂
Trade With Ninja 
I recently started using Kelts as well, Do you use it on smaller time frame like 5-15 min charts? if not how do you time your entries on these timeframes? Thank you for the hard work by the way!
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Hello, I see that you have explaining very clear sample for rookies or professioals. Congrats to you to have good patience.
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Thank you Jimmy 🙂
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Do you ever use these on Intraday?
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Of course
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