Keltner Channel using ATR

[Tim]

Is it possible to use ATR as the Calc Style for Keltner Channels, the Raschke version – Any of these options Modified, Geometric, Center, Wilder or McGinley?

If not can it be done using the Bands tool?

Tim

[Darren]

Hi Tim,

It’s probably easier to use this in a Show Plot (based on a 20 period EMA):

//Calc Mid line; Plot1=MA(BARS=20, STYLE=Exponential, CALC=Close); //Upper Line; Plot2=Plot1 + ATR(BARS=10, MULT=2.00); //Lower Line; Plot3=Plot1 - ATR(BARS=10, MULT=2.00);

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//Calc Mid line; Plot1=MA(BARS=20, STYLE=Exponential, CALC=Close); //Upper Line; Plot2=Plot1 + ATR(BARS=10, MULT=2.00); //Lower Line; Plot3=Plot1 - ATR(BARS=10, MULT=2.00);

Save as an indicator to the Same View and it will be added to your toolbox:

[Tim]

Thanks Darren.

[Author]

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