Hi, I would like to look into Keltner Bands and combine them with other indicators for confirmation ig it is of any value. I wonder if anybody can tell me where can I get more info on it. Are there any threads on this forum discussing Keltner? Also I would like to know if anybody is using it extensively and if yes why? Thanks Aston
or how about this idea. . . . . . . . . in your charting, what kinds of patterns have you seen in the kelts? have you seen any patterns or confluence with other indicators that lead you to believe that it might be useful?
LBR has been used it for long time with MACD and ADX, see http://www.lbrgroup.com/index.asp?page=DailyCharts&date=2003-09-11 . Go up to her main page, you'll find her daily educational charts and her articles, digging on the information, you'll find what you need. I don't use it, so I can't offer much more. But IMHO, as any other indicator, Keltner Bands are good if you know why you want to use it. So ask youself, why you want to use it? can it be substituted by other indicator? what you can get from it?
Hi Daxman_Cometh, Lately I have been running into some sites that advertised systems based on Keltner bands and also some sites that show Keltner bands on their charts without giving the specifics as to the parameters they use or how they use Keltner bands and I do not expect anybody giving out their secrets but would like to know if it is an independent indicator and what is that it indicates explore the possibility of using it as a confirmation along with other oscillators. If somebody would like to post charts as to which oscillators are they using with Keltner or any other suggestions that would help me to further investigate this indicator, I would really appreciate that. If there are any Forums that use or discuss Keltner bands please post the links to them. Thank You, Aston
For a detailed Keltner bands description/applications see http://www.amibroker.com/library/detail.php?id=43 comments #3, #5, 6 and, among the others http://groups.yahoo.com/group/amibroker/message/23678 I use the "~OUTX" indicators in daily basis for the Nasdaq100. I prefer the OUT1 to OUT6, although sometimes, in extremely bearish conditions, OUT7, OUT8 and OUT9 are also interesting. With the help of Keltner´s formulas the Relative Slope is defined and, I thing, it is a basic indicator for daily use. You will find it also in http://www.wealth-lab.com/cgi-bin/WealthLab.DLL/getdoc?id=332 together with some applications It is also included in MyTrader indicators collection, from http://www.fongan.net. [although they forget to name the creator !!]