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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..."
=== 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 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.
=== Usage===
Short entry based on prices that cross the lower Keltner Channel band.
=== Default Inputs ===
'''Price''' - price to consider for the breakout.<br>
'''Length''' - number of bars used for Keltner Channel calculation.<br>
'''NumATRs''' - multiple of the average true range used for the Keltner Channel band calculation.
'''Note:''' Use [[Keltner Channel LE]] for entering a long position.
[[Category:Pre-built Signals]]
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 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.
=== Usage===
Short entry based on prices that cross the lower Keltner Channel band.
=== Default Inputs ===
'''Price''' - price to consider for the breakout.<br>
'''Length''' - number of bars used for Keltner Channel calculation.<br>
'''NumATRs''' - multiple of the average true range used for the Keltner Channel band calculation.
'''Note:''' Use [[Keltner Channel LE]] for entering a long position.
[[Category:Pre-built Signals]]
