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Hello Rakesh,
Try this,
Formula#1:
NAME: The 10-Day Moving Average
FORMULA: MOV( (H+L+C)/3, 10, Simple )
Formula#2:
NAME: Upper Keltner Band
FORMULA: MOV((H+L+C)/3,10,S) + MOV((H-L),10,S)
Formula#3:
NAME: Lower Keltner Band
FORMULA: MOV((H+L+C)/3,10,S) - MOV((H-L),10,S)
** All three formulas must be plotted.
In the System Tester, a BUY or a COVER SHORT Signal
would occur when
C > Upper Keltner Band
and a SELL or a SELL SHORT Signal would occur when
C < Lower Keltner Band
**Thus, the system is always either long or short.
--- Rakesh Sahgal <rsahgal@xxxxxxxxxx> wrote:
> Hi List,
>
> Does anyone have the formula for Keltner Channels ,
> as it was available
> from, Walter Bressert's website. I say "was" because
> they seem to have
> removed the download url for MetaStock users from
> their website.
>
> This particular formula plots 7 price points which
> act as
> Support/Resistance levels and have been reasonably
> accurate in the little
> time I have used them. Should anyone want the
> formula -encrypted- as it was
> being distributed by WB drop me a line, I will send
> it across.
>
> Thanks in advance for any help.
>
>
> Rakesh Sahgal
>
>
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