stockfetcher
980 posts
msg #33 |
8/29/2002 10:42:26 AM
| Keltner Channels |
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| Parameters |
Period: number of days used
Width: Width of channel. Default=1.0
StdDev Flag: If 1 then use standard deviations as the width, otherwise width is a scalar multiple of the average (high - low). Default=0 |
| Usage |
Upper Keltner Band(period,width,flag)
Lower Keltner Band(period,width,flag)
Center Keltner Band(period,width,flag) |
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| Description |
Originally described in Perry Kaufman's book: "The New Commodity Trading System and Method" and designed by Chester W. Keltner, the Keltner Channels provide a Bollinger Band-like envelope around the price. |
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| Examples |
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