What is this indicator?
Similar to Bollinger Bands, but uses ATR instead of standard deviation for band spacing, giving a smoother view of volatility. A Keltner Channel squeeze is often seen before large price moves.
How to read the chart
A rising reading means market volatility has increased and the risk of sharp swings has gone up, while a falling reading signals relative market calm.
Practical tip
This indicator doesn't show price direction — it shows the intensity of volatility; it should be viewed alongside other tools when deciding on entries and exits.