09.12.2012 Views

Charting and Studies User Guide - CQG.com

Charting and Studies User Guide - CQG.com

Charting and Studies User Guide - CQG.com

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

Page 278<br />

Keltner Channel (Kelt)<br />

Keltner channels <strong>com</strong>pare today’s prices with yesterday’s prices. An absence of new highs<br />

indicates a downtrend. An absence of new lows indicates an uptrend. In conjunction with this<br />

method of trend identification, the Minor-Trend Rule is used. The Minor Trend Rule states that<br />

the minor trend is bullish if the daily trend sells above its most recent high; conversely, the<br />

minor trend is bearish if the daily trend sells below its most recent low.<br />

The Keltner channel study consists of a moving average (center line, CL) <strong>and</strong> two channel lines<br />

(b<strong>and</strong>, BND). The channel lines are drawn by adding to <strong>and</strong> subtracting from the current<br />

moving average value the product of a constant (percent/100.0) multiplied by the average true<br />

range of each bar.<br />

Basic <strong>Studies</strong>

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!