Keltner Channel SE: Difference between revisions
From MultiCharts
→Definition
(Created page with "=== Definition=== Keltner Channel bands occur above and below the market. Prices within the bands are considered "normal".<br> When the breakout is below the lower Kelthen ba...") |
|||
Line 1: | Line 1: | ||
=== Definition=== | === Definition=== | ||
Keltner Channel bands occur above and below the market. Prices within the bands are considered "normal".<br> | Keltner Channel bands occur above and below the market. Prices within the bands are considered "normal".<br> | ||
When the breakout is below the lower | When the breakout is below the lower Kelther band, a setup is established. When the breakout appears, a sell stop order is placed at the low of the bar where the breakout appeared minus 1 point.<br> | ||
The number of bars and the multiplier used for Keltner Channel bands calculation can be adjusted. | The number of bars and the multiplier used for Keltner Channel bands calculation can be adjusted. | ||
=== Usage=== | === Usage=== |