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Center Line: Ave = (Ave * (N-1) + Price)/N
Ave. Range: Range + (Range * (N-1) + High-Low)/N
Channel: Upper = Ave + Range * C
Lower = Ave - Range *C
C = Multiplier Constant (i.e. 0.5) and N= Number of bars in the exponential
Averages.
Ira
Steve McGuire wrote:
> Does anyone know how to calculate Keltner Channels? ELA formula would be
> great if available.
>
> Thanks
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