Hi all Chart help please. How to do a 15-minute Keltner Channel chart with IBKR? When I try "add study" - I get Kelt. Is it correct to just choose 15min for the "period"? Am I getting the correct Thank you
Period is number of candles. Here 15 x 3min is 45min. Parameters (Period, Deviation Factor) are free. There is no right or wrong answers. You can stick with the defaults. Not sure what’s your problem, Looks fine to me.
I remember the Keltner systems from early 2000's, retrace back to the middle, buy above lowest high and protective stops on other side. Stops were too wide. Worked ok on Crude. But once you get into chop, like most trending methods....losses.
Yeah if you're using a single TF. One of the best traders I've seen uses Kelt. Someone on this site posted his video years ago in a profitable traders section. $3 million a year with a 60-70% win rate.