Channels and bands of various origins have been used to study business expense movement by day traders from many disciplineshey have an uncanny ability to point out the obvious, which is not always as obvious as it might seem, that is to say bands and channels can show the volatility and direction of the market and be read at a glancehey are easily read and interpretedet's start with the methodology of Keltner Channelhe Keltner Channel is similar to most channels or "envelopes" in that it uses three lineshe center line is a moving average set to a specific time period of your choice, and the default on most charting programs is set to ten, though day traders have adjusted this number to their specific Specifications in a variety of wayshe outer bands are then calculated by multiplying the center moving average by another number of the day traders choosing, usually 1x or 2xhis standard math should point out one major difference between the Keltner Channel and ... [Read More - How To Trade Forex Like A Pro]
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