I made a code of a fully configurable Keltner channel.
You can change the listed settings:
- Period of analysis
- Multiplier of the band (to narrow or spread the upper and lower bands)
- Type of moving average used for the center of the channel (MediaPrecio)
- Type of moving average used for the upper/lower band (TipoMediaKelt)
// Version configurable de los canales de Keltner
REM Moving Average
MA = Average[Periodo,MediaPrecio](TypicalPrice)
REM Upper Keltner Band
UpperBand = MA + (Multi*Average[Periodo,TipoMediaKelt](Range))
REM Lower Keltner Band
LowerBand = MA - (Multi*Average[Periodo,TipoMediaKelt](Range))
RETURN MA AS "Keltner MA" , UpperBand AS "Banda Sup Keltner" , LowerBand as "Banda Inf Keltner"
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