Analysis Techniques & Strategies
|Price||Numeric||Close||Price value to consider for the breakout.|
|Length||Numeric||20||The number of bars used to calculate the Keltner Channel band.|
|NumATRs||Numeric||1.5||Multiple of the average true range used to calculate the Keltner Channel band.|
Long entry based on prices crossing the upper Keltner Channel band.
Keltner Channel bands appear above and below the market. Prices that are within these bands are said to be 'r;normal' prices.
A setup is established upon the breakout above the upper Keltner band. Once the breakout has occurred, a buy stop order is placed at the high of the bar on which the breakout occurred plus 1 point.
You can change the number of bars and the multiplier used to calculate the Keltner Channel bands.
Order Name: KltChLE
Related Strategy: Keltner Channel SE
Related Function(s): averagefc, AvgTrueRange