Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Keltner Channels
Templates (v17+)
Top Channel
XAVG((H + L + C) / 3 + w * ATR, x)
Bottom Channel
XAVG((H + L + C) / 3 - w * ATR, x)
Center Line
XAVG(H + L + C, x) / 3
Where x is the Period of the Keltner Channels.
Where w is the ATR Multiplier of the Keltner Channels.
The Average Type is assumed to be Exponential.
Change XAVG to AVG for a Simple Average Type.
Change XAVG to FAVG for a Front Weighted Average Type.
Change XAVG to HAVG for a Hull Average Type.
Examples
Keltner Channels with a Period of 20, ATR Multiplier of 1.50 and Average Type of Exponential would use the following formula for the top channel.
XAVG((H + L + C) / 3 + 1.5 * ATR, 20)
The following formula for the bottom channel.
XAVG((H + L + C) / 3 - 1.5 * ATR, 20)
And the following formula for the center line.
XAVG(H + L + C, 20) / 3
Related Topics
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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