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You can paste this in your price chart, right click - edit- paste
above //indicator end. Remove BBands from preferences and you now
have keltner channels.
// Keltner Channels are constructed similar to Bollinger Bands
// around a moving average +/- volatility.
// The difference is in the measurement of volatility.
// Bollinger uses standard deviation. MA(Close,20) +/- #STDs
// Keltner uses ATR (Average True Range). MA(Close,20) +/- #ATRs
// Keltner channels may be easier to use for detecting oversold /
overbought conditions
Length = 20; Num_ATRs = 2;
// Length and Num_ATRs parameters should be personalized for your
preferred settings.
Mov_Avg = MA(C,Length);
KUP = Mov_Avg + Num_ATRs * ATR(Length);
KDOWN = Mov_Avg - Num_ATRs * ATR(Length);
Plot (KUP,"KUP",1,1);
Plot (KDown,"Kdown",1,1);
Plot (Mov_Avg,"Mov_Avg",6,1);
--- In amibroker@xxxxxxxxxxxxxxx, "ross_pearlstone"
<ross_pearlstone@xxxx> wrote:
> I am a new user of AB and am so far very impressed with the
product.
> However, I was wondering if there are any plans to include Keltner
> bands in future releases?
>
> If not, does anyone know the formula and perhaps I could code them
> myself.
>
> Thanks.
>
> Ross
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