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Price Crossing Through Middle of Keltner Channel Rate this Topic:
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investit
Posted : Friday, December 21, 2012 10:18:44 PM
Gold Customer Gold Customer

Joined: 7/13/2007
Posts: 28

Hi,

     Could you please supply a formula identifying when price is crossing up through the middle line of a 5 bar keltner channel on a daily basis. Also the reverse of when price is crossing down through middle of a 5 bar channel.

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Winnie
Posted : Monday, December 24, 2012 12:58:17 AM
Registered User
Joined: 10/7/2004
Posts: 1,006

When you state “ price is crossing up through the middle line of a 5 bar keltner channel “ I assume you mean the Center Line of the KeltChan.  To create a Scan Condition for Price History, since I don’t see a drop down Condition for the KeltChan Center Line, a PCF should work, there may also be other ways to write your Condition.

Pease try the following PCFs:

Price xUP KeltChan 5 (Daily Time Frame)

C > (XAVGH5 + XAVGL5 + XAVGC5) /3 AND C1 < (XAVGH5.1 + XAVGL5.1 + XAVGC5.1) /3

 

Price xDN KeltChan 5 (Daily Time Frame)

C < (XAVGH5 + XAVGL5 + XAVGC5) /3 AND C1 > (XAVGH5.1 + XAVGL5.1 + XAVGC5.1) /3

sundaypapertrading
Posted : Wednesday, December 11, 2013 3:36:39 AM
Registered User
Joined: 8/30/2012
Posts: 11

The centerline is also the same moving average of the same time period used in the Keltner Channel. So for example, if you are using a 5 bar keltner channel based on an exponential average, try using the 5 bar exponential moving average based on the (H + L + C) /3 and you will see it will match your center line exactly. 

Then you can easily make scan criteriea off the EMA which is the same as the middle Keltner channel line.

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