Difference Between MTKC and KC?
2 replies
ontheedge
3 years ago #268112
Could someone enlighten me on the difference between the MTKelternChannel and KeltnerChannel? In the code MT #include <MovingAverages.mqh> and that appears to be the only difference. How would this effect strategy creation? Is there a point to using both during strategy creation?
tomas262
3 years ago #268141
Hello,
MT uses slightly different specification for the Keltner Channel indicator (see the screenshot attached on the impact) so you can choose whether to use their or the “standard” Keltner Channel
Alex
1 year ago #279136
MTKelternChannel and KelterChannel use different data sources to calculate the middle of the channel. MTKelternChannel uses close price, KelterChannel uses (high Price + low price + close price ) / 3 i.e. the typical price.
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