This ProRealTime indicator is an exponential version of the Keltner Channel. It’s mainly a trend following indicator used to identify reversals with channel breakouts and the channel direction.
Usable in all timeframes and could be used in various ways. Let your creativity flow!
It’s widely used and the exponential version reacts faster on recent price change than the standard one. This could be a gamechanger for every trader.
You can change the period, and also the distance the upper and lower channel are from the middle.