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I have tried to use the Keltner Bands that you have posted recently.
In my graph I obtain some red vertical lines.
Is it normal ? If yes what is their meaning ?
Regards
Bernard Bourée
bernard@xxxx
----- Original Message -----
From: DIMITRIS TSOKAKIS
To: amibroker@xxxxxxxxxxxxxxx
Sent: Tuesday, May 29, 2001 8:54 PM
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
Yahoo! Groups Sponsor
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
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<DIV><FONT face=Arial size=2>Dimitris</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>I have tried to use the Keltner Bands thatyou have
posted recently.</FONT></DIV>
<DIV><FONT face=Arial size=2>In my graph I obtain some red vertical
lines.</FONT></DIV>
<DIV><FONT face=Arial size=2>Is it normal ? If yes what is their meaning
?</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>Regards</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV>Bernard Bourée<BR><A
href="mailto:bernard@xxxx";>bernard@xxxx</A></DIV>
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A title=TSOKAKIS@xxxx href="mailto:TSOKAKIS@xxxx";>DIMITRIS
TSOKAKIS</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A title=amibroker@xxxxxxxxxx
href="mailto:amibroker@xxxxxxxxxxxxxxx";>amibroker@xxxxxxxxxxxxxxx</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Tuesday, May 29, 2001 8:54 PM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> [amibroker] KELTNER BANDS</DIV>
<DIV><BR></DIV><TT>KELTNER BANDS<BR><BR>were first introduced in the bookHow
To Make Money in Commodities, <BR>by Chester W. Keltner and is an envelope
following price movements.<BR>Using them we can have m o v i n g support and
resistance lines <BR>continuously, not only when and if a straight line
exists.<BR>With Amibroker built-in functions Keltner Bands are easily
<BR>impemented
:<BR><BR>KUP=EMA((H+L+C)/3,10)+EMA(H-L,10);<BR>KDOWN=EMA((H+L+C)/3,10)-EMA(H-L,10);<BR><BR>AN
APPLICATION<BR>When price crosses its support KDOWN it is better (for long
<BR>positions) to stay out of the market until a promising cross takes
<BR>place. This is emphasized in the following AFL code :<BR><BR>maxgraph=
5;<BR>KUP=EMA((H+L+C)/3,10)+EMA(H-L,10);<BR>KDOWN=EMA((H+L+C)/3,10)-EMA(H-L,10);<BR>graph1
= KUP;<BR>graph0 =
close;<BR>GRAPH2=EMA((H+L+C)/3,10);<BR>graph2style=1;<BR>graph3
=KDOWN;<BR>graph0barcolor=1;<BR>graph2barcolor=3;<BR>graph3barcolor=3;<BR>graph1barcolor=3;<BR>OUT=C;<BR>GRAPH4=OUT;<BR>GRAPH4STYLE=2;<BR>GRAPHXSPACE=0.5;<BR>GRAPH4BARCOLOR=IIF(C<KDOWN,15,0);<BR><BR>For
a simple trading system you may
add<BR><BR>BUY=CROSS(C,KDOWN);<BR>SELL=CROSS(KUP,C);<BR><BR>Dimitris
Tsokakis<BR><BR><BR></TT><BR><BR><TT>Your
use of Yahoo! Groups is subject to the <A
href="http://docs.yahoo.com/info/terms/";>Yahoo! Terms of Service</A>.</TT>
<BR></BLOCKQUOTE></BODY></HTML>
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