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Yarroll
I think I have been able to figure it out. Those seven levels would
correspond to some thing like 3 bollinger bands with 3 lines above the MA
and 3 below the MA making it a total of 7. Now the formula I have written
corresponds more or less to the levels drawn by WB's KC formula. If anyone
finds it of interest, I am appending it below:
Periods:=Input("Enter the number of periods: ",1,100,16);
Factor1:=Input("Enter the number of deviations: ",.01,100,.1.618);
Factor2:=Input("Enter the number of deviations: ",.01,100,2.618);
Factor3:=Input("Enter the number of deviations: ",.01,100,4.240);
UpperBand3:=Mov( C, Periods, S) + ( factor3 * ATR(periods));
UpperBand2:=Mov( C, Periods, S) + ( factor2 * ATR(periods));
UpperBand1:=Mov( C, Periods, S) + ( factor1 * ATR(periods));
MidPoint:=Mov(C, Periods, S);
LowerBand1:=Mov( C, Periods, S) - ( factor1 * ATR(periods));
LowerBand2:=Mov( C, Periods, S) - ( factor2 * ATR(periods));
LowerBand3:=Mov( C, Periods, S) - ( factor3 * ATR(periods));
UpperBand3;
UpperBand2;
UpperBand1;
MidPoint;
LowerBand1;
LowerBand2;
LowerBand3;
At 12:09 AM 01/04/2001 +0100, you wrote:
>Hello RTs,
>
>FYI Bressert uses (used?) a different formula for Keltner Channels. As oppos
>ed to the simple 3 averages, he has 7 price points just like Rakesh pointed
>out.
>Bressert's KC are a lot slower. I can't post them as text here - damn, I jus
>t discovered I can't edit Bressert's KC - he password-protected the formula!
>Kinda annoying. It's just MAs, after all. So it has to be Metastock 7.0 indi
>cator file. Ciphered by WB, LOL:-))
>
>
>All the best,
>Yarroll
>
> > Message: 12
> > Date: Wed, 03 Jan 2001 20:55:31 +0530
> > From: Rakesh Sahgal <rsahgal@xxxxxxxxxx>
> > Subject: Re: Keltner Channels
> >
> > Hi List,
> >
> > Does anyone have the formula for Keltner Channels , as it was available
> > from, Walter Bressert's website. I say "was" because they seem to have
> > removed the download url for MetaStock users from their website.
> >
> > This particular formula plots 7 price points which act as
> > Support/Resistance levels and have been reasonably accurate in the little
> > time I have used them. Should anyone want the formula -encrypted- as it wa
>s
> > being distributed by WB drop me a line, I will send it across.
> >
> > Thanks in advance for any help.
> >
> >
> > Rakesh Sahgal
> >
> >
>
>
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