StockFetcher Forums · Filter Exchange · Keltner Channel based on High and Low prices<< >>Post Follow-up
sanxperez
2 posts
msg #121833
Ignore sanxperez
10/29/2014 1:17:23 PM

Looking for assistance on creating Keltner Channels (middle line only) based (calculated) on the stock High price and Low price.

So the indicator statement calculates the Middle Keltner channel based on the price High and the price Low.

Thanks in advice!

four
4,012 posts
msg #121842
Ignore four
modified
10/29/2014 9:18:21 PM

There are many variations to calculating the Keltner Channel, but generally speaking a moving average (10 or 20-period) of the typical price [(High + Low + Close)/3] is used to construct the midline.

http://www.onlinetradingconcepts.com/TechnicalAnalysis/KeltnerChannel.html

Fetcher[
set{hl, high + low}
set{kmid, hl / 2}
draw cma(kmid,10) on plot close
draw cma(kmid,150) on plot close

sp500
do not draw kmid

]



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