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Below are the Linda Bradford Raschke own Keltner formulas, and futher
below find the original formulas etc. from the Equis web-site.
>"I put Keltner channels set at 2.5 times the 20-day moving
>average daily range, centered around the 20-period moving average."
What does Linda try to achieve, they seem to be at the widest of the
extreme end of the bars: they do get occassionaly hit?
(is that 'extreme hit' it?)
Regards,
Ton Maas
Ms-IRB@xxxxxxxxx
Formula #1:
Middle Keltner Band
MOV(typ(),20,Simple)
Formula #2:
Upper Keltner Band
MOV(typ(),20,S)+MOV((H-L),20,S)+(2.5*(Stdev(typ(),20)+Stdev(H-L,20)))
Formula #3:
Lower Keltner Band
MOV(typ(),20,S)-MOV((H-L),20,S)-(2.5*(Stdev(typ(),20)+Stdev(H-L,20)))
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