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[Metastockusers] Re: Digest Number 882



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I use Keltner bands. Pure price channels don't work as well. Try it 
with the defaults and see how it does. Keltner's are based on the 
average true range and change direction with the trend. Bollinger 
Bands are statistical channels set at 2.1 std. devs from the median 
close and don't show trend very well at all. Each has it's uses.

Pds1:= Input("EMA Periods?",1,100,20);
Pds2:= Input("ATR Periods?",1,100,10);
Mult:= Input("ATR Multiple?",1,10,2.5);
EMA:= Mov(C, Pds1, E);
Diff:= ATR(Pds2) * Mult;
UBand:= EMA + Diff;
LBand:= EMA - Diff;
Ema;
UBand;
LBand;


JO


--- In Metastockusers@xxxxxxxxxxxxxxx, "Gram" <gramario@xxxx> wrote:
> Hi all,
> Does anyone know the formula for the price channel in MS?
> Thanks,
> Psmith.


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