[EquisMetaStock Group] Re: Indicator

["Jose" <josesilva22@xxxxxxxxx>]

Jack, there are a few possible permutations of Keltner/Bollinger band 
excursions.  Try this indicator to help visualize it:

=========================
Keltner & Bollinger Bands
=========================
---8<--------------------

{ ©Copyright 2004 Jose Silva }
{ For personal use only }
{ http://users.bigpond.com/prominex/pegasus.htm }

{ User inputs }
pds:=Input("Keltner/Bollinger Bands periods",
 1,252,10);
dev:=Input("Bollinger Bands deviation",
 .001,10,1);
plot:=Input("[1]Keltner, [2]Bollinger, [3]Keltner+Bollinger",1,3,3);

{ Keltner bands }
KBtop:=Mov(Typ(),pds,S)+Mov((H-L),pds,S);
KBmid:=Mov(Typ(),pds,S);
KBbot:=Mov(Typ(),pds,S)-Mov((H-L),pds,S);
KBwidth:=KBtop-KBbot;
KBwidthAvg:=Cum(KBwidth)/Cum(KBwidth>-1);

{ Bollinger bands }
BBtop:=BBandTop(C,pds,S,dev);
BBmid:=Mov(C,pds,S);
BBbot:=BBandBot(C,pds,S,dev);

{ Plot on price chart }
If(plot=1,KBtop,BBtop);
If(plot=1,KBmid,If(plot=2,BBmid,KBtop));
If(plot=1,KBbot,BBbot);
If(plot=1,KBbot,If(plot=2,BBbot,KBbot))

---8<--------------------


jose '-)



--- In equismetastock@xxxxxxxxxxxxxxx, Jack Wiley <yleekyot47@xxxx> 
wrote:
> 
> I am looking to create or maybe its already created,
> an indicator to show when the bolinger bands are
> inside and outside of the Keltner channel.  
> 
> Thank you,
> 
> Jack 






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