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Difference Between MTKC and KC?

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ontheedge

Customer, bbp_participant, community, 18 replies.

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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?

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tomas262

Administrator, sq-ultimate, 2 replies.

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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

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Alex

Subscriber, bbp_participant, 2 replies.

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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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