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Thanks For the Code Dimitris
from a quick look they are similar to bollinger bands ?
Regards David
----- Original Message -----
From: "DIMITRIS TSOKAKIS" <TSOKAKIS@xxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Wednesday, May 30, 2001 5:15 AM
Subject: [amibroker] KELTNER BANDS
> KELTNER BANDS
>
> were first introduced in the book How To Make Money in Commodities,
> by Chester W. Keltner and is an envelope following price movements.
> Using them we can have m o v i n g support and resistance lines
> continuously, not only when and if a straight line exists.
> With Amibroker built-in functions Keltner Bands are easily
> impemented :
>
> KUP=EMA((H+L+C)/3,10)+EMA(H-L,10);
> KDOWN=EMA((H+L+C)/3,10)-EMA(H-L,10);
>
> AN APPLICATION
> When price crosses its support KDOWN it is better (for long
> positions) to stay out of the market until a promising cross takes
> place. This is emphasized in the following AFL code :
>
> maxgraph = 5;
> KUP=EMA((H+L+C)/3,10)+EMA(H-L,10);
> KDOWN=EMA((H+L+C)/3,10)-EMA(H-L,10);
> graph1 = KUP;
> graph0 = close;
> GRAPH2=EMA((H+L+C)/3,10);
> graph2style=1;
> graph3 =KDOWN;
> graph0barcolor=1;
> graph2barcolor=3;
> graph3barcolor=3;
> graph1barcolor=3;
> OUT=C;
> GRAPH4=OUT;
> GRAPH4STYLE=2;
> GRAPHXSPACE=0.5;
> GRAPH4BARCOLOR=IIF(C<KDOWN,15,0);
>
> For a simple trading system you may add
>
> BUY=CROSS(C,KDOWN);
> SELL=CROSS(KUP,C);
>
> Dimitris Tsokakis
>
>
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
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