How to use Keltner Channels as an entry filter?
Keltner Channels — is just a channel based on MA. Channel width is calculated as EMA + 2∗ATR (Keltner Channel Upper Band) and EMA−2∗ATR (Keltner Channel Lower Band)
Keltner Channels are volatility-based bands that are placed on either side of an asset's price and can aid in determining the direction of a trend.
The Keltner channel uses the average-true range (ATR) or volatility, with breaks above or below the top and bottom barriers signaling a continuation.
The upper and lower bands are typically set two times the average true range (ATR) above and below the EMA, although the multiplier can also be adjusted based on personal preference.#Price reaching the upper Keltner Channel band is bullish, while reaching the lower band is bearish.
The angle of the Keltner Channel also aids in identifying the trend direction. The price may also oscillate between the upper and lower Keltner Channel bands, which can be interpreted as resistance and support levels.
https://www.investopedia.com/terms/k/keltnerchannel.asp
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