CategoryCategory

Indicator Functions

Description

Keltner band (channel) bottom

Syntax

KBBOT(len, mult)

Parameters

len - formula specifying a number of bars

mult - formula specifying a multiple of ATRs

Notes

It's not clear that there's a "standard" way to implement Keltner channels. The center line could be either a simple or an exponential average. The ATR might use a simple average, EMA, or Wilder's smoothing. This function is a shortcut for EMA(C, len) - mult * EMA(TR, len).

 

 

 

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