Category: Advanced Indicator Set 1
Input parameters
Name
|
Setting
|
Default
|
High
|
High time series
|
High
|
Low
|
Low time series
|
Low
|
Close
|
Close time series
|
Close
|
Period
|
Integer >= 1
|
10
|
Multiplier
|
Real >= 0
|
1.0
|
Calculations
Lower Band = Middle Band - Multiplier * Band Width,
where:
Middle Band = Simple Moving Average((High+Low+Close)/3, Period),
Band Width = Simple Moving Average(High-Low, Period)
Discussion can be found in the main Keltner Channels topic.
See also: Keltner Channels – Upper Band, Keltner Channels – Middle Band
|