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Group: Tradestation Indicators
Title: Keltner Bands
Description:
Keltner Bands
Type : Indicator, Name : Keltner Bands { ******************************************************************* Indicator: Keltner Bands Provided By : Retrieved from Internet submitted to omega by Mark Brown ********************************************************************} input: Price(close), MALen(10), Const(.8); vars: Centline(0), AvgRange(0), Upper(0), Lower(0); CentLine = average(Price,MALen); AvgRange = average(TrueRange,MALen); Upper = CentLine+(AvgRange*Const); Lower = CentLine-(AvgRange*Const); plot1(Upper,"Upper"); plot2(Lower,"Lower");
Author/Source:
http://home.iae.nl
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