kc

Function Name: kc

Tags: Bands

Category: Trend, Volatility

The Keltner Channel is a channel that is based on a multiplication (Factor) of Average True Ranges above and below a moving average. Keltner Channel is most commonly used with studies or strategies that measure or take advantage of market volatility. It is similar in concept to the Bollinger Bands.

The Keltner Channel returns the Simple Moving Average of the Close prices for the previous bars in a chosen Period, added to the Average True Range value and multiplied with the Factor parameter.

 

Author:   Chester W. Keltner

Link:       http://www.investopedia.com/terms/k/keltnerchannel.asp

 

period
	Default Value: 10  |  Minimum: 1  |  Maximum: 9999
	Type: Numeric
u_pct
	Default Value: 1  |  Minimum: -1000  |  Maximum: 1000
	Type: Numeric
l_pct
	Default Value: 1  |  Minimum: -1000  |  Maximum: 1000
	Type: Numeric