Keltner Channels are volatility-based envelopes set above and below an exponential moving average. This indicator is similar to Bollinger Bands, which use the standard deviation to set the bands. Let's continue about Bollinger Bands. Another well known approach is to use 2 sets of Bollinger bands: Bollinger bands (20, 2) and Bollinger bands (20, 1) together on one chart.. What it does, it creates a set of channels, the borders of which can be effectively used to gauge the strength of a trend.
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The chart above shows the default Keltner Channels in red, a wider channel in blue and a narrower channel in green. Traders can look for pullbacks with basic chart analysis or with indicators.
From then you can decide if you will manually place a trade or not. The subsequent crosses back above.