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Dimitris
Sorry I found some messges later the explanation of
the vertical red bars !
Regards
Bernard Bourée<A
href="">bernard@xxxx
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
DIMITRIS
TSOKAKIS
To: <A title=amibroker@xxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Wednesday, May 30, 2001 7:47
AM
Subject: [amibroker] Re: KELTNER
BANDS
Hi David,Keltner Bands belong to the family of
envelopes, as BB and other systems. Especially with BB there is alot
of difference.The most important, according to my opinion, is that with
Keltner Bands we have sharp and distinguishable cuts with price curve,
whereas BB, in a sudden trend change, makes the well known balloons,
not proper for a trading system.So, when price in a downtrend crosses
support Kelner down line, you may stay out of the market until the next
positive cross.This special property is emphasized in the code .If
there is more interest on similarities and differences between envelopes
I' ll give you additional reading.Thank you for your
interest.RegardsDimitris Tsokakis --- In
amibroker@xxxx, "David Holzgrefe" <dtholz@xxxx> wrote:> 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@xxxx>> 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 <A
href="">http://docs.yahoo.com/info/terms/>
>> >Your
use of Yahoo! Groups is subject to the <A
href="">Yahoo! Terms of Service.
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