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BillJohnson
Posted : Tuesday, June 3, 2008 8:14:22 PM
Registered User
Joined: 10/7/2004
Posts: 16
 Has anybody created a custom indicator for Keltner Channels in TC2000?
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Bruce_L
Posted : Tuesday, June 3, 2008 9:07:20 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 (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
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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