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John Carter - How to Set-up John's Average True Range (ATR)
John Carter - How to Set-up John's Average True Range (ATR)

Use Keltner Channels to create the John's 3 ATR setup.

Duncan Boggs avatar
Written by Duncan Boggs
Updated over a week ago

 

Use Keltner Channels, available with your platform, to set up the ATR channels on your chart. 


TOS users may also use the following shared chart link:

Instructions for using shared links can be found here:

See below video on how to manually set-up John's 3 ATR setup.
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STEP 1

Open the Edit Studies and Strategies window.
Find Keltner Channels in the indicator list of your platform. 

 
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STEP 2

Add three instances of Keltner Channels to your chart. 

 
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STEP 3

Change the settings for each instance of the Keltner Channels. 

 
Set the first instance to a factor of 1.0

 
The second instance to a factor of 2.0

 
And the third instance to a factor of 3.0

John often will use exponential instead of simple averages in the settings for average type and true range average type.

 

The 1, 2 and 3 ATR channels should now be setup on your chart. 

John Carter - Indicators used

John Carter - Small Account Mastery (SAM)

John Carter - Mastering the Trade

John Carter - Where can I see John's trades?

John Carter - Trading Journal

Commonly used moving averages and settings

Download the free EMA Ribbon indicator

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