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I have found an indicator that Linda Rashke uses. It is based on a
Keltner Band, "I put Keltner channels set at 2.5 times the 20-day moving
average daily range, centered around the 20-period moving average."
I have been struggling with this, I assume, simple formula, and find I
am doing something wrong, the bands are to wide or look so very narrow.
Keltner Bands use a 10 day moving average so I have substituted "20" for
the "10". Here is a Keltner Band formula from Equis, could someone
please help me get a 2.5 standard deviation on this thing. I would
really appreciate it....Lana..
Formula #1:
Name :20 Day Moving Average
Formula: MOV((H+L+C)/3,20,Simple)
Formula #2:
Name: Upper Keltner Band
Formula: MOV((H+L+C)/3,20,S)+MOV((H+L),20,S)
Formula #3:
Name: Lower Keltner Band
Formula: MOV((H+L+C)/3,20,S)-MOV((H-L),20,S)
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