Same Indie, different versions

Version 5

The "MTC Triple Keltner Channels" indicator is a powerful tool for analyzing market trends and price volatility using three distinct sets of Keltner Channels, each based on different Exponential Moving Averages (EMAs) and Average True Range (ATR) calculations. This indicator provides a comprehensive view by overlaying short-term, medium-term, and long-term channels on the main price chart, enabling traders to identify potential price movements and trend reversals with greater precision.

Key Features:

• Triple Keltner Channels: The indicator calculates three sets of Keltner Channels, each based on different EMA lengths and ATR multipliers:
• Short-Term Channel: Uses a 10-period EMA and 1.5x ATR multiplier.
• Medium-Term Channel: Uses a 30-period EMA and 3.0x ATR multiplier.
• Long-Term Channel: Uses a 60-period EMA and 6.0x ATR multiplier.
• Customizable Parameters: Users can easily adjust the EMA lengths and ATR multipliers to suit their trading strategies.
• Visual Representation:
• Short-Term Channels are displayed in red.
  • Medium-Term Channels are displayed in green.
  • Long-Term Channels are displayed in blue.
  • Dashed Lines represent the middle EMA line within each channel, offering additional visual cues for trend identification.
  • Fills between the upper and lower bands of each channel provide clear visual zones of potential support and resistance.

This indicator is ideal for traders who want to track price movements across multiple timeframes, offering a more nuanced view of market dynamics by combining short, medium, and long-term perspectives within a single chart.