The Multiple Keltner Channels are a generalized version of the Keltner Channels.
Standard Keltner channels are built from a simple moving average (SMA) and two channels lines above and below. The two lines above and below are drawn at a distance from the center line, a distance which is a multiple of the simple moving average of the ranges of the past N bars.
The generalized concept has the SMA replaced with any of 30 moving averages. The volatility measure used to calculate the distance of upper and lower line from the center line can be derived from an average range (AR) or average true range (ATR). You may select different lookback periods for the moving average that serves as the center line and the moving average which is applied to the range or true range.
The Multiple Keltner Channels come with an additional smoothing option for center line and channel lines. The additional smoothing is obtained by further smoothing all plots with a 3-period simple moving average (SMA).
Moving averages available for calculating the center line:
- Adaptive Laguerre Filter
- ADXVMA
- Butterworth Filter
- DEMA
- Distant Coefficient Filter
- Double Weighted Moving Average (DWMA)
- Exponential Hull Moving Average (EHMA)
- EMA
- Gaussian Filter
- HMA
- Holt EMA
- Laguerre Filter
- LinReg
- Moving Mean TPO
- Moving Median
- Moving Median TPO
- Range Weighted Moving Average (RWMA)
- Sine Weighted Moving Average (SWMA)
- SMA
- SuperSmoother
- TEMA
- Tillson T3
- TMA
- Triple Weighted Moving Average (TWMA)
- Wilder's Average
- WMA
- ZerolagHATEMA
- ZerolagTEMA
- ZLEMA
Moving averages colored according to slope: You may also use this indicator to display any of the above listed moving averages and color them according to slope. The slope is not based on a geometrical concept, as this would not be compatible with the scalability of modern charting applications. The indicator adjusts slope to bar volatility such that the indicator may be used across all instruments and bar types with the same settings. The slope is shown as upsloping, downsloping or flat. The degree of flatness which is still considered as being flat may be adjusted via the neutral threshold parameter. When you set that parameter to zero, the slope will not show any flat sections, but the moving average will always be identified as upsloping or downsloping. Channel lines may be unselected, if you just wish to display the selected moving average.
Volatility measures: The standard Keltner channel uses the range. This indicator also for substituting the range with the average true range. The average true range is used as default option to facilitate the application of the Multiple Keltner Channels to other indicators.
Applying the Multiple Keltner Channels to indicators: When an indicator is used as input series, the range will always return the value 0. However, the average true range will return the absolute amount of the difference of two neighbouring data points of the selected input series. Therefore the indicator may only be applied to other indicators, as long as the offset formula is set to "True_Range".
Paint Bars: The Multiple Keltner Channel indicator comes with paint bars. The paint bars are colored according to the slope of the center line. The paint bars may be displayed without the indicator plots. The colors of the paint bar will then show the slope of the moving average selected as center line.
Sound Alerts: In case that the sound alerts are active, the indicator will alert you when the trend derived from the slope of the center line changes. Currently, there are no sound files included with the zip file, but it is easy to create them and copy them to the NinjaTrader sounds directory.
MMv1.5.1 from NT7 Converted to NT8 as a paid job, a friend and I had this done by member Sagor here and he was great to work with.
A few small additions such as the ability to change the frame period/lookback added. Uploaded here with thanks for all others' hard work on indicators and conversions provided - Japhro and Scotty
September 16th, 2017
Size: 8.59 KB
Downloaded: 1442 times
1904
Japhro
Drawing Tool Toolbar V3.5 NT8b11
Critical fix V3.5. Please remove all previous versions from your charts before installing, then reboot NT8.
*As of NT8 beta 11 this is functional but may need updating in the future. So please be patient. The toolbar still has minor bugs (see ** section at the bottom) so please recheck here for new updates from time to time. Please let me know if you are having any unusual issues, since it is working for most users. Since we are all still learning the intricacies of NT8 , this toolbar is a project in progress
Make sure you extract the zip file first or it won't import! When you download the zip file it will still be named V1....this is a forum issue....but you will find the updated version inside. Inside you will find instructions and icons to use. Read the instructions carefully or you will have icons missing etc.
Displays functioning drawing tool icons on the left of the chart.
* Accesses drawing tools via hot keys.
* The user can select which drawing tool icons are to be displayed.
* Set icon size from small to large.
* Appropriate drawing tools have a drop-down color palette.
* Toolbar width automatically adjusts to the height of the chart to accommodate the icons.
* If you can code: You can add your own custom drawing tools with comments to help you with insertion.
Coding examples:
* Multi-dimensional arrays
* Working with grids/wrap panels
* Windows and NT8 menus
* Adding bitmap images to a menu
* Using virtual keystrokes to activate hot keys
* Accessing drawn objects and manipulating their properties.
* Parsing string values
Version 2 is also included. It is now superseded by V3 but included for code examples using buttons instead of menus.
A big thank you to Chelsea Bell @ NinjaTrader for the toolbar structure sample. This toolbar had to be completely re-engineered for Windows Presentation Foundation.
As always, please send me a personal message if you have a bug, query or request.
Update history and potential problems:
Update V3.5 July 1 - Critical Fix: Fixed some termination issues from V3.3.
Update V3.4 June 26 - Stopped the toolbar from hijacking indicator-created drawing objects.
Update V3.3 Fixed Andrews Pitchfork channel colors.
Added complete removal of objects upon termination.
** Known issues reported, which I will endeavor to fix:
1. Issues with tabbed charts. Toolbar replicates itself when using tabbed charts.
2. Drawing tools will not change color on a tabbed (behind) chart.
3. Arc will not custom paint an area color. (Probably NT8 bug).
August 7th, 2026 10:25 AM mhonebrink I agree. Can someone please add this indicator to the Ninja 8 platform? This question is dated: August 8, 2026.
Thank you!
Regards,
Michael Honebrink
January 28th, 2020 08:19 AM PilotTrader Excellent tool for traders using the uniRenko bars!
Question: Is there an NT8 version of this anywhere? Thanks.
January 1st, 2019 08:07 PM beatnik Just what I needed. Been drawing a rectangle around the candle the size of my reversal candle. Thanks
April 26th, 2018 10:14 PM chuckclymer I am new to this forum and I am probably not commenting in the correct spot, but I am curious if this is available for N
T8? Thanks for the indicator!!!
September 23rd, 2017 01:31 PM longboat Thanks. Can somebody please code this for NT8?!!
August 4th, 2026 07:43 AM kgschuble This is an old thread but hoping someone can help. I have downloaded this many times successfully, but I can never find
it in my indicator list. I really want this indicator! Any advice or help would be very much grateful!