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In a message dated 10/3/2003 10:51:44 AM Pacific Daylight Time, kelols@xxxxxxxxxxx writes:
Keltner is based on the average true range. You can look that up on
the web if you don't know what it means.
True range is the greatest of the following differences:
Today's high to today's low
Today's high to yesterday's close
Today's low to yesterday's close The Average True Range is a moving average (typically 14-days) of the True Ranges.
It compensates for gap up or down openings.
Jay
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