Keltner channel is a technical analysis indicator showing a central moving average line plus channel lines at a distance above and below.
To create a Keltner Channel Trading Blox provides two indicators to create the upper and lower channel indicator calculations. it also provides the simple Average function to create the average price line created by the average of the High, Low and Close price values.
Example shows the period lengths for the Keltner upper and lower bands, Average True Range, and Center price average. All the calculations used the same parameter bar count value.
Indicator lines displayed above and below the center average price are drawn a distance from center indicator price using the a floating point parameter value to spread the channel lines.