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How does someone interpret the ATR multiplier?
What is it used for?
-----Original Message-----
From: manohohman [mailto:kelols@xxxxxxxxxxx]
Sent: Friday, October 03, 2003 12:22 PM
To: Metastockusers@xxxxxxxxxxxxxxx
Subject: [Metastockusers] Re: Digest Number 882
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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