How to Draw a Keltner Channel on a Custom Indicator?

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How to Draw a Keltner Channel on a Custom Indicator? - How to Draw a Keltner Channel on a Custom Indicator?

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alysomji		#1 Posted : Sunday, November 1, 2009 6:41:29 AM(UTC)
Rank: Newbie Groups: Registered, Registered Users, Subscribers Joined: 11/1/2009(UTC) Posts: 2		Hello, I would like to draw a Keltner channel (55 EMA, 4.5 Deviations, based on 40-day ATR) around a custom indicator. How would I go about doing this? thanks


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alysomji		#2 Posted : Sunday, November 1, 2009 7:24:49 AM(UTC)
Rank: Newbie Groups: Registered, Registered Users, Subscribers Joined: 11/1/2009(UTC) Posts: 2		Here's what I'm trying to work from: Pds1:= Input("EMA Periods?",1,100,55); Pds2:= Input("ATR Periods?",1,100,40); Mult:= Input("ATR Multiple?",1,10,1); EMA:= Mov(P,Pds1,E); Diff:= ATR(Pds2) * Mult; UBand:= EMA + Diff; LBand:= EMA - Diff; Ema; UBand; LBand; The name of the customer indicator is "Volume Sum"


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Shanghai		#3 Posted : Monday, November 2, 2009 5:38:28 AM(UTC)
Rank: Member Groups: Registered, Registered Users Joined: 5/11/2008(UTC) Posts: 28		Not exactly what you are looking for but this is the formula for the Keltner Channels I use. Perhaps you can adapt if it is suitable. Mov((H+L+C)/3,22,E); Mov((H+L+C)/3,22,E) + Mov((H-L),22,E); Mov((H+L+C)/3,22,E) + (2 * Mov((H-L),22,E)); Mov((H+L+C)/3,22,E) + (3 * Mov((H-L),22,E)); Mov((H+L+C)/3,22,E) - Mov((H-L),22,E); Mov((H+L+C)/3,22,E) - (2 * Mov((H-L),22,E)); Mov((H+L+C)/3,22,E) - (3 * Mov((H-L),22,E));


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