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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - TC2000 version 7 » Keltner Bands. How can I get them into TC and also Blocks?

Keltner Bands. How can I get them into TC and also Blocks?

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mcp

Posted : Tuesday, November 25, 2008 2:58:13 PM

Registered User
Joined: 12/30/2004
Posts: 36

I would like to find out how to include Keltner Bands or Channels into the TC Program and also the Blocks Program. Thank you.

Bruce_L

Posted : Tuesday, November 25, 2008 3:34:29 PM

Worden Trainer

Joined: 10/7/2004
Posts: 65,138

There is no universal agreement on how Keltner Channels are calculated. Here are two possibilities for TeleChart (that are rather obviously different):

Select Chart Template | Add Indicator | Price Channel.
- Visible: Checked
- Plot Formula Line: Up to you.
- Smoothing Average: 20
- Average Type: Simple
- Width Multiplier: 15
- Indicator Line Formula: C
- Channel Width Formula: (H - L + ABS(H - C1) + ABS(C1 - L)) / 2

Select Chart Template | Add Indicator | Price Channel.
- Visible: Checked
- Plot Formula Line: Up to you.
- Smoothing Average: 20
- Average Type: Simple
- Width Multiplier: 15
- Indicator Line Formula: (C + H + L) / 3
- Channel Width Formula: H - L

You may wish to review the following:

Help with writing a scan
Bollinger/Keltner Cross
TTM Squeeze Indicator
Keltner Channels

In StockFinder, select Add Indicator | Select... | Keltner Channels | OK | Price History | OK.

-Bruce
Personal Criteria Formulas
TC2000 Support Articles

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