The most widely used version of the Keltner channel has a MA as the middle line and a multiplier of the ATR for the upper and lower lines.
I think many people would use this version, and would be greatly appreciative if someone could help me build a version with the following:
User inputs:
Multiplier: Double
ATR Period: Int
MA type: EMA or SMA selection
MA Period: Int
Middle line: Moving average based on MA type and MA period
Upper line: Middle line + (ATR [based on ATR Period] * Multiplier)
Lower line: Middle line - (ATR [based on ATR Period] * multiplier)
Assumes ATR calc is based on the Close price
My main issue is that there doesn't appear to be a free IDE for Delphi, or I would try and write the code myself
