Adjusting Keltner Channels indicator

• 04/13/2017 at 6:53 PM #31982
  Marcel van Vliet

  Hi,

  Is it possible to make the PRT Keltner Channel indicator adjustable to the version as mentioned in this included article, or just create a second version?

   

  ‘ In his 1960 book, How to Make Money in Commodities, Chester Keltner introduced the “Ten-Day Moving Average Trading Rule,” which is credited as the original version of Keltner Channels. This original version started with a 10-day SMA of the typical price {(H+L+C)/3)} as the centerline. The 10-day SMA of the High-Low range was added and subtracted to set the upper and lower channel lines. Linda Bradford Raschke introduced the newer version of Keltner Channels in the 1980s. Like Bollinger Bands, this new version used a volatility based indicator, Average True Range (ATR), to set channel width. StockCharts.com uses this newer version of Keltner Channels.’

  Thank you……….

  

  Marcel van Vliet

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  04/15/2017 at 1:16 PM #32115
  Nicolas

  Yes of course, I’ll have a look next week. Please up the topic if I don’t give news until then.

  

  Nicolas

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  04/19/2017 at 8:03 AM #32538
  Nicolas

  We were not so far from the code I have, mine has coefficient to enlarge the spread between the upper and lower bands, I deleted it. Please find attached the ITF file of the original Keltner channel and an example of the indicator applied on the DAX daily timeframe.

  

  Nicolas

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  04/27/2017 at 10:44 AM #33664
  Marcel van Vliet

  Thanks, this will do.

  

  Marcel van Vliet

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