Searching for entries matching keltner, looking in keywords for any words Found 7 matching entries
Entries
1939
Fat Tails
Exported using NT version 7.0.1000.27
This is a generalized version of the Keltner Channels with a few options added:
- The midband can be selected from a moving median, a moving mode or 27 different moving averages, all of which are calculated from the typical price.
- Midband and channels can be smoothed.
- The smoothing period for the range or the true range can be different from the period for the moving average.
- The indicator has an option to display the channels or the midband individually.
- All plots can be colored according to their slope, or alternatively all plots can be colored according to the slope of the midband.
- The slope color includes a neutral slope, which can be adjusted via a threshold.
- The area between the Keltner Channels can be shaded according to the slope of the midband.
- The trend derived from the midband slope can be displayed via paint bars.
Update July 3 2012: Midband can now be selected from a moving median, a moving mode or 27 different moving averages. Adjustable neutral zone added. Bands can be colored according to their own slope or slope of midband, midband and channels can be displayed individually.
Update July 5, 2012: Bug removed - Butterworth, Gauss and Supersmoother Fillter did not use the specified period.
Update August 20, 2012: Old version pf ADXVMA replaced with new version.
Update August 25, 2012: Paint bars added.
Update August 31, 2012: Ehlers Filter updated.
Update October 4, 2012: Ehlers and Gauss filters updated, moving mode removed. Channel and paintbar colors will now align, when indicator is displaced.
Update January 14, 2012: Second indicator added, which calculates upper band from high average and lower band from low average. Bug removed, which caused erroneous results when Butterworth, Gauss or Supersmoother options were used for calculating the average range or true range.
Update August 7, 2013: Tillson T3 added.
Update October 10, 2014: When paintbars were selected without showing the midband, occasionally some bars were set to transparent. Bug removed.
Update March 19, 2015: Slope trend exposed via public IntSeries.
This is a trailing stop calculated from the prior 3 bars. It is similar to the trailing stop developed by Larry Williams, but not identical. The indicator plots a channel with an upper and lower stopline. When price reaches out beyond the upper channel line, all short positions should be exited. When price breaks through the lower channel line, that is a signal for exiting long positions.
Formula: The upper channel line is calculated as the larger of the prior bar's high + 1 tick and the upper line of a 2-period Keltner Channel displaced by 2 bars. The lower channel is calculated as the smaller of the prior bar's low - 1 tick and the lower line of a 2-period Keltner Channel displaced by 2 bars. The Keltner Channel is built from the average true range instead of the simple range, which was used for the original Keltner Channel.
Parameters: The midband of the Keltner Channel can be calculated from the typical price (default setting), the close, the median or the weighted price. The multiplier used for calculating the channel width can be selected.
Reverse Intra-bar = false: This is the default setting of the indicator. A logical signal will be generated when the signal bar closes outside the channel. The position may be reversed at the open of the next bar.
Reverse Intra-bar = true: This is a different setting. The signal will be generated with the first tick that has plotted outside the channel. In this case the position may be reversed intra-bar.
Accessing the trend: The indicator comes with a BoolSeries that holds the trend derived from the last channel breakout. The BoolSeries can be accessed by other indicators or automated strategies.
Channel shading: The area between the Keltner Channels can be shaded according to the current trend.
Paintbars: The trend can also be displayed via paint bars.
I was asked to updated the BloodHound MACD/Keltner 20.5 strategy to add a trend filter and a multiple time frame for the trend. The suggestion was for a 21 HMA. So I included a 5 minute chart for that and added it to the strategy. I backtested the strategy in Crude for January 2014 on a 233 tick chart, and it was profitable on that. I will post the performance report on the new BloodHound strategy post: https://nexusfi.com/elite-automated-ninjatrader-trading/29979-bloodhound-strategies-ninjatrader-trader-2.html
This strategy uses Keltner Channels for buying and selling. If
Buying logic
An entry order to buy at the high price of the current bar will be generated if the current bar crosses the upper band.
Selling Logic
An entry order to sell at the low price of the current bar will be generated if the current bar crosses the lower band.
Here's a list of the inputs you will be able to modify when adding the EA:
Keltner Channel Indicator
Length = 20
Numatrs = 1.5 -> this value is multiplied by the average true range of the current bar to determine the distance from the upper and lower bands to the midline.
Other inputs / default values
Limit = 0
Stop = 0
Use SSL = False
Port = 25
Trailing Stop = 0
Email Alert = False
June 24th, 2015 05:50 AM sam8 Thanks I love it. It helped me out today already
May 28th, 2012 09:10 PM caryn23
August 8th, 2011 11:21 PM leon3456 Very usefull indicator, thanks for sharing
March 8th, 2011 08:21 PM jwhtrades I love this indicator. Would like more info on the color variants. I'm using with PPO and find it a great help. Is th
ere any additional info on it's derivation? Great job!
August 30th, 2010 05:21 AM Trendseek Works also with NT7
Nice Indicator - but the mathematics is a little bit tricky to understand!
May 15th, 2020 11:44 AM tracer888 Is there an NT8 version of this por favor?
July 16th, 2017 11:46 AM delta9100 great job
July 17th, 2015 06:38 PM ShaunG Thanks FT. I was looking for a "Keltner Channel indicator where I can set a EMA midband. The std NinjaTrader7 Keltner Ch
annel seems to use only a SMA for the midband! Thanks again much appreciated.
July 17th, 2015 12:31 AM Portland
April 2nd, 2015 05:54 AM zungybungy Great indi. Many thx