Keltner()

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Related Topics

 

 

 

Description

Keltner() returns a Keltner Channels center line.

 

 

Syntax

 

 

 

Parameters

 

 

 

Return Value

A Keltner Channel center line.

 

 

Examples

KELTNER_EX1(SERIES,PERIOD=9,MULT=12)=KELTNER(SERIES,PERIOD,MULT)

 

KELTNER_EX2(INPUT,PERIOD=9,MULT=12)=KELTNER(INPUT,PERIOD,MULT)

 

 

Comments

The Keltner centerline is a moving average of the specified period (for the study function, a simple moving average is always used). The upper and lower channel lines are the centerline plus and minus a scale factor times the modified moving average of true range. To obtain the upper channel line, specify a positive multiplier; to obtain the lower line, specify a negative multiplier. Note that since the true range is used, the data series must be an unqualified instrument name.