The Keltner Channels form a volatility-based envelope around price by plotting upper and lower bands at a multiple of the Average True Range above and below an exponential moving average. Price breakouts beyond the channels often signal the start of strong trends, while mean reversion within the bands suggests range-bound conditions.
This sample overlays Keltner Channels on a CSCO candlestick series on the main plot. The indicator's high band is styled in blue (#3C8AD8), the low band in orange, and the middle MA series in dashed green. The candlestick legend icon uses a rising-falling type. The chart includes a synchronized line scroller, a range picker, and a range selector, with the default view from January 2005 to January 2006.
See the Technical Indicators documentation for all configuration options.